Australia's Regis Healthcare gains as Jefferies hikes PT
06/06/2025 02:12
Updates ** Shares of Regis Healthcare REG.AX rise as much as 2.4% to A$7.79, their largest intraday pct gain since May 28 ** Jefferies says aged care regulatory reform is increasingly supportive of the residential aged care sector with a better aligned funding mechanism, coinciding with baby boomers entering the undersupplied market ** Notes Australia's population is ageing in line with the rest of the world, whereby the population's median age is growing ** Brokerage hikes PT on the aged care operator to A$8.8 from A$7.6, retains "buy" call ** Jefferies, however, decreases EBITDA forecast for Regis by 4% for fiscal 2026 due to the delayed implementation of the new Aged Care Act, the law that governs government-funded aged care in Australia ** Brokerage says EBITDA forecast decline due to delayed funding from the new act and increased administrative expenses ** Regis up 27.3% YTD, as of last close (Reporting by Nikita Maria Jino in Bengaluru) ((Nikita.Jino@thomsonreuters.com;))
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