Report
Gareth James
EUR 100.00 For Business Accounts Only

Investor Day Provides Further Evidence of WiseTech’s Narrow Economic Moat. FVE Unchanged at AUD 5.50

WiseTech Global provided additional information about its business at its annual investor day which provided further justification for its switching-cost based narrow economic moat rating. We weren’t surprised at the lack of new earnings guidance considering the company effectively reaffirmed guidance at the Macquarie Bank conference at the beginning of the week. We maintain our earnings forecasts including fiscal 2018 revenue of AUD 215 million, versus guidance of AUD 210 to 220 million, and EB...
Underlying
Wisetech Global Ltd.

WiseTech Global is engaged in providing software solutions to the logistics industry across more than 125 countries. Co. develops, sells and implements software solutions that enable logistics service providers to facilitate the movement and storage of goods and information domestically and internationally. Co.'s customers range from small and mid-sized regional or domestic enterprises to large multi-national companies.

Provider
Morningstar
Morningstar

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.

Analysts
Gareth James

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