Reliability and innovation underpin Ansell's expansion into new products and markets.
We raise our fair value estimate to AUD 24 per share for narrow-moat Ansell largely due to time value of money considerations and the incorporation of an Australian dollar/U.S. dollar exchange rate of 0.77. At current levels, shares in Ansell are trading broadly in line with our revised valuation and are therefore fairly valued.Although we are not changing our fiscal 2018 forecasts, we think the upwardly trending U.S. manufacturing Purchasing Manager Index, or PMI, which increased to 55 in Dece...
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.
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