Treasurer Blocks APA Takeover; No Change to Our View
Treasurer Josh Frydenberg has given notice he intends to block Cheung Kong Infrastructure's, or CKI's, bid for APA Group. We expected this. The only surprise is the Foreign Investment Review Board, or FIRB, was unable to reach a unanimous decision. But that doesn't matter, it's the Treasurer's decision that counts.ÂWe maintain our AUD 8.30 fair value estimate. The share price has fallen sharply after the Treasurer's announcement, and the stock is now considered fairly valued. At the current pri...
APA Group's principal activities are the ownership and operation of energy infrastructure assets and businesses, including energy infrastructure, primarily gas transmission businesses located across Australia; asset management and operations services for the majority of Co.'s energy investments and for third parties; and energy investments in listed and unlisted entities. Co. comprises the following reportable segments: Energy Infrastructure, Asset Management, and Energy Investments.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.