Sims Gains New Bull as Electronics Recycling Gathers Pace -- Market Talk

Dow Jones02-10 12:22

0422 GMT - UBS reckons it's time to buy scrap-metals merchant Sims, in big part because of the strong outlook for the company's electronics recycling arm. It reckons Sims Lifecycle Services, or SLS, is "a thesis changer" for the Australian stock. It forecasts SLS Ebit of A$112 million in FY 2026, well above consensus of A$91 million and FY 2025's A$33 million. It expects that to rise to A$133 million in FY 2027 and A$146 million in FY 2028. "Additionally, the metals business looks set for a strong start to 2026 as nonferrous prices rise sharply due to ongoing supply constraints, and ferrous scrap prices reach the highest levels in nearly a year." UBS upgrades Sims to buy from neutral. It raises its target by 46% to A$25.00/share. Sims is up 3.0% at A$21.23. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

February 09, 2026 23:22 ET (04:22 GMT)

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It expects that to rise to A$133 million in FY 2027 and A$146 million in FY 2028. \"Additionally, the metals business looks set for a strong start to 2026 as nonferrous prices rise sharply due to ongoing supply constraints, and ferrous scrap prices reach the highest levels in nearly a year.\" UBS upgrades Sims to buy from neutral. It raises its target by 46% to A$25.00/share. Sims is up 3.0% at A$21.23. 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It reckons Sims Lifecycle Services, or SLS, is \"a thesis changer\" for the Australian stock. It forecasts SLS Ebit of A$112 million in FY 2026, well above consensus of A$91 million and FY 2025's A$33 million. It expects that to rise to A$133 million in FY 2027 and A$146 million in FY 2028. \"Additionally, the metals business looks set for a strong start to 2026 as nonferrous prices rise sharply due to ongoing supply constraints, and ferrous scrap prices reach the highest levels in nearly a year.\" UBS upgrades Sims to buy from neutral. It raises its target by 46% to A$25.00/share. Sims is up 3.0% at A$21.23. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 09, 2026 23:22 ET (04:22 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":"BK4006","symbol_name":"钢铁","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2610692931","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610692931","pubTimestamp":1770697320,"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":"0422 GMT - UBS reckons it's time to buy scrap-metals merchant Sims, in big part because of the strong outlook for the company's electronics recycling arm. 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It expects that to rise to A$133 million in FY 2027 and A$146 million in FY 2028. \"Additionally, the metals business looks set for a strong start to 2026 as nonferrous prices rise sharply due to ongoing supply constraints, and ferrous scrap prices reach the highest levels in nearly a year.\" UBS upgrades Sims to buy from neutral. It raises its target by 46% to A$25.00/share. Sims is up 3.0% at A$21.23. 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