Perpetual's Value Underlined by Private-equity Approach

Dow Jones

Jul 03

0214 GMT - Perpetual's bull at Macquarie reckons the latest private-equity bid fired its way underlines the value on offer at the Australian investment manager. "While the bid is in line with our valuation, we view our EPS as conservative with sizeable potential for cost-out and confidence in new management," one of the investment bank's analysts writes in a note. EQT's A$21.64-a-share proposal, which the ASX-listed company has rebuffed, does not capture the cost savings already targeted by Perpetual, the analyst says. There could be even bigger savings to come, particularly in Perpetual's asset-management business, they add. Macquarie reiterates an outperform rating on the stock and maintains a target price of 21.60 Australian dollars. Shares are up 1.6% at A$19.025. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 02, 2026 22:15 ET (02:15 GMT)

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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/2648379436"},"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:\"2648379436\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2648379436?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-03 10:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2648379436","market":"nz","top_or_hot":-1,"title":"Perpetual's Value Underlined by Private-equity Approach","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0214 GMT - Perpetual's bull at <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> reckons the latest private-equity bid fired its way underlines the value on offer at the Australian investment manager. \"While the bid is in line with our valuation, we view our EPS as conservative with sizeable potential for cost-out and confidence in new management,\" one of the investment bank's analysts writes in a note. EQT's A$21.64-a-share proposal, which the ASX-listed company has rebuffed, does not capture the cost savings already targeted by Perpetual, the analyst says. There could be even bigger savings to come, particularly in Perpetual's asset-management business, they add. Macquarie reiterates an outperform rating on the stock and maintains a target price of 21.60 Australian dollars. Shares are up 1.6% at A$19.025. 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EQT's A$21.64-a-share proposal, which the ASX-listed company has rebuffed, does not capture the cost savings already targeted by Perpetual, the analyst says. There could be even bigger savings to come, particularly in Perpetual's asset-management business, they add. Macquarie reiterates an outperform rating on the stock and maintains a target price of 21.60 Australian dollars. Shares are up 1.6% at A$19.025. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 02, 2026 22:15 ET (02:15 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":"PPT.AU","symbol_name":"PERPETUAL LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2648379436","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2648379436","pubTimestamp":1783044900,"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":"0214 GMT - Perpetual's bull at Macquarie reckons the latest private-equity bid fired its way underlines the value on offer at the Australian investment manager. \"While the bid is in line with our valuation, we view our EPS as conservative with sizeable potential for cost-out and confidence in new management,\" one of the investment bank's analysts writes in a note. EQT's A$21.64-a-share proposal, which the ASX-listed company has rebuffed, does not capture the cost savings already targeted by Perpetual, the analyst says. There could be even bigger savings to come, particularly in Perpetual's asset-management business, they add. Macquarie reiterates an outperform rating on the stock and maintains a target price of 21.60 Australian dollars. Shares are up 1.6% at A$19.025.  Dow Jones NewswiresJuly 02, 2026 22:15 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PPT.AU":"PERPETUAL LTD","BK7062":"资产管理与托管银行"},"translate_title":"私募股权方式凸显永续价值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PPT.AU":0.9},"content_text":"0214 GMT - Perpetual's bull at Macquarie reckons the latest private-equity bid fired its way underlines the value on offer at the Australian investment manager. \"While the bid is in line with our valuation, we view our EPS as conservative with sizeable potential for cost-out and confidence in new management,\" one of the investment bank's analysts writes in a note. EQT's A$21.64-a-share proposal, which the ASX-listed company has rebuffed, does not capture the cost savings already targeted by Perpetual, the analyst says. There could be even bigger savings to come, particularly in Perpetual's asset-management business, they add. Macquarie reiterates an outperform rating on the stock and maintains a target price of 21.60 Australian dollars. Shares are up 1.6% at A$19.025. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 02, 2026 22:15 ET (02:15 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":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}