Morningstar sings praises of A2 Milk, Fletcher Building and Manawa Energy

Morningstar sings praises of A2 Milk, Fletcher Building and Manawa Energy
(Image: Unsplash)
Ella Somers
Equity research firm Morningstar says the slowing economy “warrants some caution” but added the market is still undervalued.Head of equity research Peter Warnes wrote in the firm’s second-quarter report of the ANZ equity sector that the “inflationary spiral” of the past year had resulted in the most aggressive monetary policy tightening in decades. “The repercussions are likely to be significant and recent banking failures are a testament,” Warnes said, adding that, so far, not one of the rescue ef...

More Markets

NZ sharemarket down, Oz and US stocks climb
Markets Market close

NZ sharemarket down, Oz and US stocks climb

The S&P/NZX 50 Index closed at 11,746.66, down 44.26 points or 0.38%.

Graham Skellern 04 Jul 2024
Summerset anticipates flat 1H underlying profit
Markets

Summerset anticipates flat 1H underlying profit

The company is NZ's best-performing retirement village operator.

Gregor Thompson 04 Jul 2024
Infratil's CDC investment cracks $5 billion mark
Markets

Infratil's CDC investment cracks $5 billion mark

Surging datacentre demand and expanded development plans benefit Infratil.

Aussie shares rise for first time in new financial year
Markets

Aussie shares rise for first time in new financial year

The ASX200 finished up 0.3% after better-than-expected domestic retail sales data.

AAP 04 Jul 2024