BUZZ-Australia's Lottery Corp rises as Citi sees no 'untoward' impact of CEO departure

Reuters

Mar 24, 2025

BUZZ-Australia's <a href="https://laohu8.com/S/LTRY">Lottery</a> Corp rises as Citi sees no 'untoward' impact of CEO departure

** Shares of Lottery Corporation TLC.AX rise as much as 0.4% to A$4.830

** Entertainment services provider says CEO Sue van der Merwe intends to retire by the end of the year

** "We don't see anything untoward with the announcement considering Sue has been a part of the industry for ~35 years and successfully led the company through its demerger in 2022," - Citi

** Brokerage adds that it appreciates the firm's initiatives to enhance its game portfolio and proactive approach towards seeking an early renewal of the Victorian lottery licence, due to expire in 2028

** Citi expects the successor to continue with these strategies, which it sees as having the potential to unlock capital management

** Maintains its "Buy" rating and A$5.60 target price

** Stock down 2.5% YTD

(Reporting by Kumar Tanishk in Bengaluru)

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

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X: @thatstanishk;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1267930227.SGD","symbol_name":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250324:nL3N3Q7015:1","article_id":"2521738743","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2521738743","pubTimestamp":1742776711,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Australia's Lottery Corp rises as Citi sees no 'untoward' impact of CEO departure** Shares of Lottery Corporation TLC.AX rise as much as 0.4% to A$4.830** Entertainment services provider says CEO Sue van der Merwe intends to retire by the end of the year** \"We don't see anything untoward with the announcement considering Sue has been a part of the industry for ~35 years and successfully led the company through its demerger in 2022,\" - Citi** Brokerage adds that it appreciates the firm's initiatives to enhance its game portfolio and proactive approach towards seeking an early renewal of the Victorian lottery licence, due to expire in 2028** Citi expects the successor to continue with these strategies, which it sees as having the potential to unlock capital management** Maintains its \"Buy\" rating and A$5.60 target price** Stock down 2.5% YTD  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BK4566":"资本集团","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","BK4504":"桥水持仓","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4588":"碎股","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","BK4207":"综合性银行","TLC.AU":"Lottery Corporation Limited","BK7078":"赌场与赌博","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0106831901.USD":"贝莱德世界金融基金A2","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC"},"translate_title":"花旗认为首席执行官离职不会产生“不利”影响，澳大利亚彩票公司股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TLC.AU":0.9},"content_text":"BUZZ-Australia's Lottery Corp rises as Citi sees no 'untoward' impact of CEO departure** Shares of Lottery Corporation TLC.AX rise as much as 0.4% to A$4.830** Entertainment services provider says CEO Sue van der Merwe intends to retire by the end of the year** \"We don't see anything untoward with the announcement considering Sue has been a part of the industry for ~35 years and successfully led the company through its demerger in 2022,\" - Citi** Brokerage adds that it appreciates the firm's initiatives to enhance its game portfolio and proactive approach towards seeking an early renewal of the Victorian lottery licence, due to expire in 2028** Citi expects the successor to continue with these strategies, which it sees as having the potential to unlock capital management** Maintains its \"Buy\" rating and A$5.60 target price** Stock down 2.5% YTD (Reporting by Kumar Tanishk in Bengaluru) ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))","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":"executive,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}