Browse Category

ASX:MYR News 17 January 2026

Fletcher Jones is shutting down: What’s next for Australia’s century-old retailer

Fletcher Jones is shutting down: What’s next for Australia’s century-old retailer

Melbourne, Jan 17, 2026, 22:04 (AEDT) Australian clothing label Fletcher Jones is shutting its remaining stores and online business, telling customers it is “closing down all stores and online” as it clears stock. The company is running a clearance sale offering 30% off and expects to complete the closure by the end of January. (7NEWS) Closing a name that dates…

Stock Market Today

  • Eastern Bankshares (EBC) Appears Undervalued Despite Strong Multi-Year Gains
    February 2, 2026, 9:08 AM EST. Eastern Bankshares (EBC) shows robust multi-year share price performance, rising 42.3% over 5 years and 16.8% in the past year. Yet, its stock price closed at just $20.49, appearing undervalued by about 57% based on an Excess Returns model, which compares its return on equity (11.74%) against investor-required returns. The model estimates an intrinsic value near $47.37 per share, suggesting a significant disconnect with market pricing. Eastern Bankshares scores only 2 out of 6 on valuation checks, highlighting caution despite strong returns. Investors may look at traditional metrics like price-to-earnings (P/E) and price-to-book ratios alongside detailed cash flow analyses to assess its true value amid regional banking sector dynamics.
Go toTop