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

Cuscal

24/03/2025 24:26

** 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;))