0356 GMT - A move by Charter Hall for Dexus could make sense, Morgan Stanley analysts reckon. While offering no comment on the likelihood of a tie-up between the companies, the MS analysts tell clients in a note that M&A has historically been a growth avenue for Charter Hall. It has a history of taking over property peers in the past decade, they say. The investment bank's analysts point out that the property fund manager typically makes moves as part of a consortium backed by third-party capital. They say the idea of a takeover has been floated by local media, and observe that Dexus is trading at a deep discount to its net tangible assets. MS has an overweight rating on Charter Hall, and an underweight rating on Dexus. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

July 05, 2026 23:56 ET (03:56 GMT)

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