Corporate Travel's Accounts May Need to Clear Higher Bar

Dow Jones

Jun 25

0123 GMT - Recent scrutiny of Australia's audit sector may have materially lifted the bar for Corporate Travel Management's auditor to sign off on the travel agent's accounts, RBC analyst Wei-Weng Chen warns. Chen points out that the ASX-listed company expects to lodge its accounts for fiscal 2025 and the first half of its current fiscal year in August, but has yet to provide a date for finalization of its fiscal 2026 report. He tells clients in a note that issues appear to be widening at CTM, with margins and local revenues now flagged as concerns. RBC has a last-published underperform rating on the stock and a target price of 15.00 Australian dollars. Shares have been halted at A$16.07 since August. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 24, 2026 21:23 ET (01:23 GMT)

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Chen points out that the ASX-listed company expects to lodge its accounts for fiscal 2025 and the first half of its current fiscal year in August, but has yet to provide a date for finalization of its fiscal 2026 report. He tells clients in a note that issues appear to be widening at CTM, with margins and local revenues now flagged as concerns. RBC has a last-published underperform rating on the stock and a target price of 15.00 Australian dollars. Shares have been halted at A$16.07 since August. 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Chen points out that the ASX-listed company expects to lodge its accounts for fiscal 2025 and the first half of its current fiscal year in August, but has yet to provide a date for finalization of its fiscal 2026 report. He tells clients in a note that issues appear to be widening at CTM, with margins and local revenues now flagged as concerns. RBC has a last-published underperform rating on the stock and a target price of 15.00 Australian dollars. Shares have been halted at A$16.07 since August. (stuart.condie@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 24, 2026 21:23 ET (01:23 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7070","symbol_name":"酒店、度假村与豪华游轮","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2646184012","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2646184012","pubTimestamp":1782350580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0123 GMT - Recent scrutiny of Australia's audit sector may have materially lifted the bar for Corporate Travel Management's auditor to sign off on the travel agent's accounts, RBC analyst Wei-Weng Chen warns. Chen points out that the ASX-listed company expects to lodge its accounts for fiscal 2025 and the first half of its current fiscal year in August, but has yet to provide a date for finalization of its fiscal 2026 report. He tells clients in a note that issues appear to be widening at CTM, with margins and local revenues now flagged as concerns. RBC has a last-published underperform rating on the stock and a target price of 15.00 Australian dollars. Shares have been halted at A$16.07 since August.  Dow Jones NewswiresJune 24, 2026 21:23 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7070":"酒店、度假村与豪华游轮","CTD.AU":"CORPORATE TRAVEL MANAGEMENT"},"translate_title":"公司差旅的账户可能需要清除更高的门槛","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTD.AU":0.9},"content_text":"0123 GMT - Recent scrutiny of Australia's audit sector may have materially lifted the bar for Corporate Travel Management's auditor to sign off on the travel agent's accounts, RBC analyst Wei-Weng Chen warns. Chen points out that the ASX-listed company expects to lodge its accounts for fiscal 2025 and the first half of its current fiscal year in August, but has yet to provide a date for finalization of its fiscal 2026 report. He tells clients in a note that issues appear to be widening at CTM, with margins and local revenues now flagged as concerns. RBC has a last-published underperform rating on the stock and a target price of 15.00 Australian dollars. Shares have been halted at A$16.07 since August. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 24, 2026 21:23 ET (01:23 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}