BUZZ-Australia's Cuscal rises as Bell Potter sees earnings growth on wide range of services

Reuters
24 Mar
BUZZ-Australia's Cuscal rises as Bell Potter sees earnings growth on wide range of services

** Shares of payments and regulated data services provider Cuscal CCL.AX rise as much as 2.2% to A$2.770, their highest level since February 11, 2025

** Bell Potter highlight that CCL has seen compound gross revenue growth of 17.7% per annum, driven mainly by growth in transaction revenue across all core competencies and client wins

** Brokerage notes CCL's strategic positioning to produce mild operational leverage and forecast similar earnings compound annual growth rate of 9.7% from FY25-27E

** "We see an attractive earnings growth profile on wider services CCL offers centrally to that end" - Brokerage

** Bell Potter initiates coverage with a "Buy" rating and a A$3.40 target

** Stock up 19.9% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10