Australia's Imdex rises as Citi sees strong first-half result for co

Imdex

12/01/2026 23:09

Updates

** Shares of Australia's Imdex IMD.AX rise as much as 1.4% to A$3.750, hitting their highest level since Oct. 22

** Citi expects IMD to post "solid first-half" result with growth across regions

** Sees co's to post a revenue growth of around 9% in first half

** "IMD appears to be in a sweet spot now with both external and internal factors supportive of solid growth in the near-term" — Citi

** Brokerage expects IMD to provide upbeat near-term outlook commentary

** Remains positive on IMD and retains "buy" rating

** Four of nine analysts rate the stock "buy" or higher, four "hold" and one "sell" or lower; their median PT is A$3.60 — LSEG data

** Stock added over 48% in 2025

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))