ASX Ltd
ASX: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$47.00 | Htbn | Htd |
ASX’s Technology Aspirations Unlikely to Materially Increase Earnings Growth Outlook
We don’t expect wide-moat-rated ASX’s strategy of targeting technology company listings to materially increase the number of companies listed on the Australian Securities Exchange. Although the media recently reported that ASX has created the "Aussie Nasdaq," we think this view is extremely premature and needs to be put into context.