WTC 0.45% $135.15 wisetech global limited

WTC - good software, profitable but way overvalued., page-65

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    BP tech update 5th March dated

    a snip on WTC

    "Overall view: WiseTech is a high quality global software company but the lack of growth
    and operating leverage in the 1HFY18 result as well as a soft downgrade to the FY18
    guidance does not support a PE ratio of well over 50x. Our $9.00 PT equates to an FY19
    PE ratio of c.50x which we believe is appropriate for the stock and is reflective of the strong
    growth outlook."

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