BUZZ-Morningstar sees constrained growth for Australia's Hansen Technologies; stock falls
Reuters
Jun 25
BUZZ-Morningstar sees constrained growth for Australia's Hansen Technologies; stock falls
** Hansen Technologies HSN.AX fall 1% to A$4.81
** Morningstar says growth opportunities for software services provider constrained, with slower customer renewals and muted organic growth weighing on revenue
** Adds while past revenue was supported by smart acquisitions, this growth avenue is also disappearing
** Notes co's billing software benefits from high switching costs, protecting existing revenue... but these costs limit its ability to swing customers away from competitors, limiting its growth potential
** Retains fair value estimate of A$4.2
** YTD, HSN down ~10%
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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