Mortgage Choice Provides Attractive Upside. Initiating Coverage with AUD 2.50 FVE.
While being one of three major mortgage brokers in Australia, Mortgage Choice faces tough industry competition given the low entry barriers enable abundant numbers of small players. Despite the challenges, the firm is debt-free, delivers strong profitability, high returns on equity and an attractive fully franked dividend yield around 8.2% based on our fiscal 2017 forecasts. Future performance depends on lenders continuing to rely on brokers to distribute mortgages and, importantly, maintaining ...Mortgage Choice is engaged in mortgage broking. Co.'s activity includes: the provision of assistance in determining the borrowing capacities; the assessment, at the request of those borrowers, of a range of home loan or other products; and the submission of applications on behalf of prospective borrowers.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.