NIB Holdings' NDIS entry to provide avenue for growth - Macquarie

NIB Holdings

14/03/2023 04:45

** Australia's NIB Holdings'  NHF.AX  entry into National
Disability Insurance Scheme (NDIS) is a growth opportunity, says
Macquarie
    ** Brokerage says the opportunity is underpinned by higher
M&A activity, better participation and others
    ** Says analysis suggests the insurer's recent capital rasie
for NDIS plan management could be slightly accretive to FY24 EPS
    ** Adds the capital raise will fund co's entry into a new
market poised with growth opportunities
    ** Stock is currently down 2.5%
    ** Stock has fallen 9.2% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))