Australia's Soul Pattinson rises after Morningstar hikes fair value estimate

Washington H. Soul Pattinson and

01/04/2026 01:50

Updates

** Shares of Washington H Soul Pattinson and Company SOL.AX rise as much as 1% to A$40.80, hitting their highest level since September 24

** Morningstar raises fair value estimate for SOL by 10% to A$38.50 per share

** Says upgrade due to higher appraised values for SOL's unlisted assets, about two-thirds of its portfolio which includes private companies, real estate, property, and credit business

** Says SOL's first-half underlying profit after tax higher, mostly on gains from property contributions, partly offset by lower contributions from its large shareholding in coal miner New Hope Corp NHC.AX

** Says SOL's listed holdings that are exposed to energy have potentially benefitted from higher thermal coal prices due to the Middle East conflict, reversing prior weakness from HY

** About one-third of SOL's listed holdings are exposed to energy, says Morningstar

** stock up 9.6% this year, including day's moves

(Reporting by Sherin Sunny & Rajasik Mukherjee in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))