Australia's PEXA Group rises as Morgan Stanley positive after H1 earnings beat

PEXA

02/03/2025 23:54

** Shares of Australia's PEXA Group PXA.AX rise as much as 2% to A$12.560

** Co reported H1 FY25 operating EBITDA of A$73.2 mln ($45.52 mln) on February 28, beating consensus estimate A$72.4 mln

** Co also launched on-market share buyback of up to A$50 mln

** We see 1H results as consistent with our investment thesis, with a new CEO and fresh look we see opportunity to lift shareholder value - Morgan Stanley

** Stock has fallen 5.5% this year so far

($1 = 1.6082 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))