Growing institutional demand for industrial assets underpins our outlook for strong earnings growth.
Goodman Group’s operational update for the September quarter revealed the business continues to benefit from very supportive market conditions. Fiscal 2018 guidance was reiterated for 6% growth in operating earnings to AUD 45.7 cents per security. Our earnings forecast and AUD 8.20 fair value estimate are both unchanged for the narrow moat-rated firm. We continue to like Goodman’s strategy and growth prospects, but see this as fully reflected in the current share price.Goodman’s core strategy ...
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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