Moelis Australia sees best day in nearly 2 weeks on strong FY21 outlook

MA Financial

17/02/2021 24:46

** Shares of investment bank  MOE.AX  climb as much as 5% to
A$4.80, their biggest intraday pct. gain since Feb. 5
    ** Co reports a 12.7% jump in FY NPAT and maintains its
final dividend at 10 Australian cents per share  urn:newsml:reuters.com:*:nASX82Y7GY
    ** Says it received net inflows and commitment of about
A$150 mln ($116.06 mln) during the first six weeks of FY21, and
expects its corporate advisory work to deliver A$11 mln in fees 
in H1 2021  urn:newsml:reuters.com:*:nASX5b2WdR
    ** Sees FY21 underlying EPS to rise 10% to 20% compared FY20
    ** About 91,520 shares change hands, compared with the
30-day average vol of 62,404 shares 
    ** As of last close, stock down 3.8% this year 


($1 = 1.2925 Australian dollars)

 (Reporting by Shriya Ramakrishnan in Bengaluru)
 ((Shriya.Ramakrishnan@thomsonreuters.com;))