Charter Hall's Booming Growth Likely to Slow
Narrow-moat Charter Hall Group remains overvalued despite the increase in fiscal 2019 operating earnings growth guidance to 24%, from the previous range of 14% to 17% growth. Considering the fiscal year has already ended, guidance is unlikely to be changed again before the formal financial result is announced next month. We have therefore increased our fiscal 2019 earnings forecasts accordingly. However, we’ve maintained our earnings forecasts beyond fiscal 2019 and our fair value estimate at AU...Charter Hall Group is engaged in the investment in property funds, and property funds management. Co. has the following two reportable segments: Property Investments, which comprises investments in property funds; as well as Property Direct Investments, which comprises direct interests in investment properties; and Property Funds Management, which comprises funds management services, property management services and other property services.
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.
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