Citi cautions rising costs for Australian bourse operator ASX on regulatory risks
Refinitiv閱讀少於1分鐘
** Citi sees increased costs and capex for ASX ASX given recent regulatory investigations the bourse operator has faced
** ASIC launched a broad investigation into the ASX in mid-June, escalating tensions that have simmered for years amid a botched software upgrade and a series of trade-processing glitches
** Brokerage retains "neutral" rating and a price target of A$71.60 despite noting a pickup in IPOs and upbeat volumes in FY for ASX
** Six out of 12 analysts rate the stock "hold", five rate it "sell" while one rates it "buy"; median price target is A$69.10 - data compiled by LSEG
** ASX has gained nearly 7% YTD, as of last close
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