FINWIRES · TerminalLIVE
FINWIRES

Challenger's Fiscal 2026 Q3 Update Missed Consensus Across Key Life Metrics, Jarden Says

By

Challenger's (ASX:CGF) fiscal 2026 third-quarter update missed consensus across key Life metrics, with FM outflows significantly worse than expected, driven by institutional equity mandate attrition in both Australian and global equities, according to a Tuesday note by Jarden.

The firm's redemption of all CGFPC notes on May 25 simplifies the capital structure, reduces the AT1 coupon burden, and is earnings-per-share accretive.

Jarden sees balanced risk/reward for Challenger in the future, with catalysts including capital management flexibility from the Australian Prudential Regulation Authority reform, as well as expanding retirement partnerships across superfunds.

It lowered its fiscal 2026 sales forecast to reflect weaker institutional fixed-term sales, partially offset by higher retail annuity sales as partnerships come online.

The investment firm retained its neutral rating on Challenger and raised the price target to AU$8.70 per share from AU$8.60 per share.

Related Articles

Asia

China Minsheng Banking Issues 30 Billion Yuan Tier 2 Capital Bonds

China Minsheng Banking (SHA:600016, HKG:1988) issued Tier 2 capital bonds amounting to 30 billion yuan, according to a Shanghai bourse filing on Wednesday.The 10-year fixed-rate bonds have a coupon rate of 2.13%, with a conditional issuer call option at the end of the fifth year.Proceeds from the issuance will be used to supplement the lender's Tier 2 capital.The bank's Hong Kong shares slipped 1% during the morning trade.

HKG:1988SHA:600016
Asia

Kaishan 2025 Profit Up 14%, Revenue Rises 12%

Kaishan Group (SHE:300257) posted 2025 attributable net profit of 364.2 million yuan, up 14% from 320.4 million yuan the previous year.Earnings per share rose to 0.37 yuan from 0.32 yuan, according to a Wednesday filing with the Shenzhen bourse.The compressor maker's operating revenue rose 12% year over year to 4.72 billion yuan from 4.23 billion yuan.Shares of the company were down 1% in recent trade.

SHE:300257
Asia

Shanjin International Gold's Attributable Profit Jumps 101% in Q1

Shanjin International Gold's (SHE:000975) attributable profit rose 101% to 1.39 billion yuan in the first quarter from 693.8 million yuan in the year-ago period, according to a Wednesday filing with the Shenzhen bourse.Earnings per share at the mining company increased 101% to 0.5023 yuan from 0.2499 yuan in the prior-year period.Operating income grew 37% year over year to 5.94 billion yuan from 4.32 billion yuan.Shares increased 1% during the midday break on Wednesday.

SHE:000975