JB Hi-Fi Weathers Cyclical Storm and Takes Market Share. FVE Unchanged at AUD 24.50.
No-moat-rated JB Hi-Fi successfully navigated a tough retail environment in the first half of fiscal 2019, but we see cyclical headwinds persisting for the remainder of the fiscal year. We expect investor spending to be dampened by relatively sluggish wage growth, a weakening housing market, and uncertainty around the upcoming Australian federal elections in May 2019. Long term, we continue to expect JB Hi-Fi to defend its market share against new online competitors, with smaller competing store...JB Hi Fi is engaged in the retailing of home consumer products. Co. provides a range of brands with particular focus on consumer electronics, software including music, games and movies, whitegoods and appliances.
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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