The Point for Australia/NZ

研报英文原文证据摘录

The Point for Australia/NZ

Point |

Friday, 19 June 2026

Company | Industry | Global | Key Rating and Target Price Changes

Company

Challenger Ltd (CGF.AX) - Scant detail but Fidante merger seems sensible at

first look

At face value, Fidante's merger with Channel Capital looks strategically sensible

and incrementally positive for Challenger. With the Fidante business facing cyclical

headwinds (FuM -A$14bn in ~2yrs), the transaction leaves CGF retaining some

exposure to potential growth but allows it to allocate more capital to the

enhanced, and arguably now more attractive, growth opportunities in its Life

business. A caveat to our view is that financial details are currently limited, with

only minimal financial quantification. However, for now we presume the sale

metrics will prove reasonable and therefore retain our Buy call, with no change to

our A$10.00 TP.

Nigel Pittaway | Jeff Cai, CFA | Donna Fu

EVT Ltd (EVT.AX) - Australian box office strengthening over the half

In this note we provide an update of how the Australian box office is tracking.

Sam Teeger

Goodman Group (GMG.AX) - Goodman Secures Strategic Industrial Land

Soul Patts has agreed to divest Brickworks' 50% stake in the Industrial JV Trust to

Goodman Group entities (GAIP) for A$1.89b — a price consistent with property

values at the time of the Brickworks-SOL combination, anticipated to complete

late June 2026. For Goodman, this is more than an asset acquisition. The

Brickworks Industrial JV sites — strategically located across Australia's key

logistics corridors — carry significantly higher power infrastructure relative to

standard industrial land, making them ideally suited for next-generation data-

enabled logistics, high-throughput distribution, and increasingly, AI-adjacent

warehouse infrastructure.