Travel reopening after Mideast war to benefit Australia's SiteMinder, Jefferies says
BUZZ-Travel reopening after Mideast war to benefit Australia's SiteMinder, Jefferies says ** Jefferies says a recovery in travel demand despite the Middle East turmoil would be supportive for SiteMinder SDR.AX, given the growing contribution of transaction revenue to group earnings
** Brokerage expects hotel and accommodation platforms provider to generate its maiden positive NPAT in 2H26 and to maintain it in FY27
** Jefferies notes SiteMinder has lagged its online travel agency peers so far this year, with fears over AI disruption and stock's removal from ASX 200 likely contributing to underperformance
** Also flags that SiteMinder has generated positive free cash flow for two consecutive half-years and believes company can keep costs under control as the business grows
** Stock down 35.9% so far this year, as of last close
(Reporting by Nikita Maria Jino in Bengaluru)
Recent news on SiteMinder
See all newsBrief: Siteminder Ltd Announces Executive Leadership Appointments
Brief: Siteminder Posts Full-Year Subscription Revenue Of AUD 155.2 Million
Australia's SiteMinder rises; Jefferies says travel reopening after Mideast war to benefit company
Travel reopening after Mideast war to benefit Australia's SiteMinder, Jefferies says
Australia's SiteMinder up; Morningstar says AI less likely to disrupt business