Nine Entertainment Co. Holdings Ltd

NEC: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	A$4.10	Dwyqb	Mkldxbcc

Nine Entertainment's No-Moat Rating Reiterated

Brian Han

Mar 28, 2024

Business Strategy and Outlook

Amid economic uncertainties, we are impressed by Nine Entertainment's progress on factors within its control. The balance sheet is solid, and TV ratings, advertising market shares, and pricing are improving. Critically, management has fundamentally restructured the cost base.

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