Premier Isn't Immune to Offshore Retail Trends. Fair Value Estimate Cut 7% to AUD 13.00
In recent months, there has been an increase in the number of international apparel brands struggling in the face of heightened competition from cutting-edge retailers like Zara, H&M and Uniqlo. Online retail is a further challenge for brick-and-mortar retailers, with technology offering shoppers the ability to quickly compare products across stores, refer to product reviews, and access an expansive range of products. We don’t see a compelling reason why no-moat-rated Premier would be immune...Premier Investments is engaged in operation of several retail fashion chains within the specialty retail fashion markets in Australia, New Zealand, Singapore, the U.K., as well as Malaysia and Hong Kong. Co. also has investments in listed securities and money market deposits. Co.'s operating segments include the retail segment, which represents several specialty retail fashion chains; and the investments segment, which represents investments in securities for both long-term and short-term gains and dividend income and interest.
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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