Platinum Asset Management Transfer of Analyst Coverage
We transfer analyst coverage of Platinum Asset Management. We reaffirm our current forecasts, our DCF-based fair value estimate of AUD 7.00 per share, our narrow moat and medium uncertainty ratings. Platinum has a long track record of strong investment performance from a broad stable of international equity funds, but after three straight years of strong profit growth, the ride came to a temporary end, with Platinum’s fiscal 2016 profit down 6% to AUD 201 million. At current prices, shares are u...Platinum Asset Management is a non-operating holding company of Platinum Investment Management Limited. Co.'s subsidiary, Platinum Investment Management Limited, trades as Platinum Asset Management, operates a funds management business. Co. has two main operating segments: funds management, and investments and other.
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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