Infrastructure, mining services, and rail face lower demand during the next year.
We will be releasing a mining services special report that includes a deeper dive into the broad categories of earnings driver for the sector. We increase our fair value estimate for Downer by 13% to AUD 4.50 per share due to the favourable impact of public infrastructure spending on its transport, engineering, construction and maintenance; and rail segments. These generated 40% of fiscal 2016 EBITDA. A more sanguine outlook for the mining segment is an added help via the mining contracting busi...Downer EDI is engaged in providing services to customers which includes Transport Services; Technology and Communications Services; Utilities Services; Rail; Engineering, Construction and Maintenance; and Mining, in Australia and New Zealand and also in the Asia-Pacific region, South America and Southern Africa.
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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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