Myer Continues Boosting Its Online Channel in Anticipation of Amazon Australia. FVE Unchanged.
No-moat Myer reported sales and underlying NPAT of AUD 3,202 million and AUD 67.9 million, respectively, in fiscal 2017, in line with our estimates of AUD 3,205 million and AUD 68.1 million. Management previously altered its underlying NPAT guidance to AUD 66-70 million in July 2017, from its previous expectation to deliver an underlying NPAT of AUD 69.4 million, or better. We maintain our fair value estimate of AUD 0.80 per share and underlying EPS forecast of AUD 9 cents in fiscal 2018. At cur...Myer Holdings is a department store group, with more than 60 stores across Australia. Co. also owns Australian womenswear designer brand, sass & bide.
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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