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27/11/19
13:26
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Originally posted by Billya:
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Morgans has updated their price target. $35.82 Some excerpts from the report. APT has released summary details of the independent auditor report into its AML/CTF compliance. While APT failed to comply correctly with AML/CTF legislation in its infancy, the majority of the report recommendations have already been addressed with APT’s transaction monitoring now labelled “effective, efficient and intelligent.” While an AUSTRAC fine remains a possibility, we continue to see the quantum of any potential fine as relatively immaterial versus APT’s market cap ($8bn). Maintain ADD recommendation, PT increased to A$35.82. APT’s initial progress in the US/UK markets remains encouraging and we believe share price upside exists if management’s offshore strategy is successfully executed.
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Full list from the Valuation threadBell Potter - $49.35 Morgan Stanley - $44.00 Goldman Sachs - $42.90 BAML - $38.70 (from $37.50) Ord Minnett - $36.50 Morgans - $35.82 (new addition to list) Citi - $31.10 Morningstar - $23.50 UBS - $17.60