Corporate travel and overseas expansion are key drivers of long-term earnings growth.
The operating prowess of management at no-moat-rated Flight Centre has never been in doubt. It was on display once again with the fiscal 2017 underlying profit before tax, or PBT, guidance range tightened to AUD 325 million-AUD 330 million. While this may not be much of an upgrade from the previous guidance of AUD 300 million-AUD 330 million, the implied second-half year-on-year PBT growth of 3% to 5% is a good outcome, especially after the 22% PBT slump in the first half.The trading update has...
Flight Centre Travel Group is engaged in the travel retailing in both the leisure and corporate travel sectors, plus wholesaling.
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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