First-mover advantage, a trusted brand and promising e-commerce prospects enhance Trade Me's appeal.
We don’t believe the 10% rebound in narrow-moat-rated Trade Me’s share price since last November reflects an improvement in the long-term financial outlook for the company. At the current market price of NZD 4.69, we continue to believe the shares are overvalued. Like many other ASX-listed stocks exposed to the Australian and New Zealand retail sectors, Trade Me’s share price was weak in late 2017 as the December launch of Amazon’s Australian retail offering approached. However, we didn’t believ...
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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