Helia's New Bear Thinks Conditions 'as Good as They Get' -- Market Talk

Dow Jones

2025/03/14

2346 GMT - Conditions look as good as they will get for Australian lenders mortgage insurer Helia, says Macquarie, downgrading its stock to underperform from neutral. While low claims are likely in the near term, Macquarie doesn't think the trend of negative claims is sustainable. Also, Macquarie cites risks around the renewal of a contract with Commonwealth Bank of Australia. It doesn't think investors are pricing in the potential of the contract being lost. "Trading at 1.6x price-to-net tangible assets, the valuation is expensive and does not reflect potential risks, in our view," Macquarie says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 13, 2025 19:46 ET (23:46 GMT)

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While low claims are likely in the near term, Macquarie doesn't think the trend of negative claims is sustainable. Also, Macquarie cites risks around the renewal of a contract with <a href=\"https://laohu8.com/S/CBAPJ.AU\">Commonwealth Bank of Australia</a>. It doesn't think investors are pricing in the potential of the contract being lost. \"Trading at 1.6x price-to-net tangible assets, the valuation is expensive and does not reflect potential risks, in our view,\" Macquarie says. 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While low claims are likely in the near term, Macquarie doesn't think the trend of negative claims is sustainable. Also, Macquarie cites risks around the renewal of a contract with <a href=\"https://laohu8.com/S/CBAPJ.AU\">Commonwealth Bank of Australia</a>. It doesn't think investors are pricing in the potential of the contract being lost. \"Trading at 1.6x price-to-net tangible assets, the valuation is expensive and does not reflect potential risks, in our view,\" Macquarie says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 13, 2025 19:46 ET (23:46 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7160","symbol_name":"商業和住宅抵押貸款孖展","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2519896005","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2519896005","pubTimestamp":1741909560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2346 GMT - Conditions look as good as they will get for Australian lenders mortgage insurer Helia, says Macquarie, downgrading its stock to underperform from neutral. While low claims are likely in the near term, Macquarie doesn't think the trend of negative claims is sustainable. Also, Macquarie cites risks around the renewal of a contract with Commonwealth Bank of Australia. It doesn't think investors are pricing in the potential of the contract being lost. \"Trading at 1.6x price-to-net tangible assets, the valuation is expensive and does not reflect potential risks, in our view,\" Macquarie says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7160":"商业和住宅抵押贷款融资","BK7123":"互助储蓄与抵押信贷金融服务","HLI.AU":"Helia Group Limited"},"translate_title":"Helia的新熊市认为情况“尽善尽美”——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HLI.AU":0.9},"content_text":"2346 GMT - Conditions look as good as they will get for Australian lenders mortgage insurer Helia, says Macquarie, downgrading its stock to underperform from neutral. While low claims are likely in the near term, Macquarie doesn't think the trend of negative claims is sustainable. Also, Macquarie cites risks around the renewal of a contract with Commonwealth Bank of Australia. It doesn't think investors are pricing in the potential of the contract being lost. \"Trading at 1.6x price-to-net tangible assets, the valuation is expensive and does not reflect potential risks, in our view,\" Macquarie says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 13, 2025 19:46 ET (23:46 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}