Peet Looks Deeply Undervalued to Bull Following Guidance Upgrade -- Market Talk

Dow Jones

May 29

2330 GMT - Peet's latest profit upgrade helps to cement Euroz Hartley's "buy" call on the homebuilder's stock. Peet now expects FY26 net profit of A$98 million-A$100 million. That's up from prior guidance of A$86 million-A$90 million. Euroz Hartleys raises its price target by 12% to A$3.09/share. Peet ended Thursday at A$1.73. Analyst Gavin Allen says a share price around Thursday's close and a price-to-earnings multiple of 8x following the latest guidance upgrade require a "pretty grim, sentimental view" of Peet's future prospects. It's one that Euroz Hartleys doesn't share. "This is not because we are ignoring interest rates, or inflation, or economic uncertainty, it is merely placing these factors in the context of a housing supply shortage," Euroz Hartleys says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 28, 2026 19:30 ET (23:30 GMT)

At the request of the copyright holder, you need to log in to view this content

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

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2639161284"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2639161284\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2639161284?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-29 07:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2639161284","market":"nz","top_or_hot":-1,"title":"Peet Looks Deeply Undervalued to Bull Following Guidance Upgrade -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  2330 GMT - Peet's latest profit upgrade helps to cement <a href=\"https://laohu8.com/S/EZL.AU\">Euroz</a> Hartley's \"buy\" call on the homebuilder's stock. Peet now expects FY26 net profit of A$98 million-A$100 million. That's up from prior guidance of A$86 million-A$90 million. Euroz Hartleys raises its price target by 12% to A$3.09/share. Peet ended Thursday at A$1.73. Analyst Gavin Allen says a share price around Thursday's close and a price-to-earnings multiple of 8x following the latest guidance upgrade require a \"pretty grim, sentimental view\" of Peet's future prospects. It's one that Euroz Hartleys doesn't share. \"This is not because we are ignoring interest rates, or inflation, or economic uncertainty, it is merely placing these factors in the context of a housing supply shortage,\" Euroz Hartleys says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 28, 2026 19:30 ET (23:30 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Peet Looks Deeply Undervalued to Bull Following Guidance Upgrade -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPeet Looks Deeply Undervalued to Bull Following Guidance Upgrade -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-29 07:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  2330 GMT - Peet's latest profit upgrade helps to cement <a href=\"https://laohu8.com/S/EZL.AU\">Euroz</a> Hartley's \"buy\" call on the homebuilder's stock. Peet now expects FY26 net profit of A$98 million-A$100 million. That's up from prior guidance of A$86 million-A$90 million. Euroz Hartleys raises its price target by 12% to A$3.09/share. Peet ended Thursday at A$1.73. Analyst Gavin Allen says a share price around Thursday's close and a price-to-earnings multiple of 8x following the latest guidance upgrade require a \"pretty grim, sentimental view\" of Peet's future prospects. It's one that Euroz Hartleys doesn't share. \"This is not because we are ignoring interest rates, or inflation, or economic uncertainty, it is merely placing these factors in the context of a housing supply shortage,\" Euroz Hartleys says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 28, 2026 19:30 ET (23:30 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7145","symbol_name":"房地产开发","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2639161284","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2639161284","pubTimestamp":1780011000,"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":"2330 GMT - Peet's latest profit upgrade helps to cement Euroz Hartley's \"buy\" call on the homebuilder's stock. Peet now expects FY26 net profit of A$98 million-A$100 million. That's up from prior guidance of A$86 million-A$90 million. Euroz Hartleys raises its price target by 12% to A$3.09/share. Peet ended Thursday at A$1.73. Analyst Gavin Allen says a share price around Thursday's close and a price-to-earnings multiple of 8x following the latest guidance upgrade require a \"pretty grim, sentimental view\" of Peet's future prospects. It's one that Euroz Hartleys doesn't share. \"This is not because we are ignoring interest rates, or inflation, or economic uncertainty, it is merely placing these factors in the context of a housing supply shortage,\" Euroz Hartleys says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7145":"房地产开发","PPC.AU":"PEET LTD"},"translate_title":"在指引升级后，Peet的价值看起来被严重低估为牛市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PPC.AU":0.9},"content_text":"2330 GMT - Peet's latest profit upgrade helps to cement Euroz Hartley's \"buy\" call on the homebuilder's stock. Peet now expects FY26 net profit of A$98 million-A$100 million. That's up from prior guidance of A$86 million-A$90 million. Euroz Hartleys raises its price target by 12% to A$3.09/share. Peet ended Thursday at A$1.73. Analyst Gavin Allen says a share price around Thursday's close and a price-to-earnings multiple of 8x following the latest guidance upgrade require a \"pretty grim, sentimental view\" of Peet's future prospects. It's one that Euroz Hartleys doesn't share. \"This is not because we are ignoring interest rates, or inflation, or economic uncertainty, it is merely placing these factors in the context of a housing supply shortage,\" Euroz Hartleys says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 28, 2026 19:30 ET (23:30 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}