SiteMinder Ltd (ASX: SDR) and SRG Global Ltd (ASX: SRG)

Hi Trish,

We only give General Advice at MM hence the only way we can answer this question is to evaluate both individually at current levels:

SRG Global Ltd (SRG) – We discussed SRG in June here following a sharp rally after the company announced $1.85bn of new contracts with blue-chip clients across multiple sectors. The wins prompted SRG to lift FY26 EBITDA guidance to the top end of its $164–168m range and introduced FY27 guidance of $190–200m.

• We like the business and risk/reward around the $3.50 area. after its ~20% retracement.

SiteMinder Ltd (SDR) – we’ve discussed SDR in May and June with the more detailed coverage here. We like this business and hold SDR in our Emerging Companies Portfolio, but as you say the 2 companies are very different.

SRG is a mature, cash-generative industrial services company; SDR is a high-growth SaaS business in the early stages of margin expansion. The comparison is less about who is “more profitable” today and more about the trajectory and quality of earnings growth. SRG is more profitable today by every absolute measure. SDR is growing profitability far faster and is priced accordingly. The two stocks represent different risk/return profiles, making this a tough question.

• In short, we are more confident that the next 25% move is up for SRG.
• However, if/when the market becomes less concerned around AI Disruption, we believe SDR has the far greater upside over the coming years.

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SRG Global Ltd (SRG)

LAST UPDATED 13/08/2026 14:23

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SRG Global Ltd (SRG)

LAST UPDATED 13/08/2026 14:23