Consolidating the fragmented logistics chain will significantly improve Qube's competitive position.
Narrow-moat Qube reiterated guidance for earnings growth in fiscal 2018 at its annual general meeting. Not much has changed since original guidance was given in August, though management mentioned the poor grain harvest is hurting the logistics performance, while strong volumes for forestry products, cars, and mining equipment are aiding the other divisions. Key markets remain highly competitive, with ongoing pressure on rates. We remain comfortable with our earnings forecasts and AUD 2.60 fair ...
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.
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