Chorus Ltd
CNU: XNZE (NZL)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|w# | LOCK|$D | LOCK|W@zTrDk |
Chorus: A Fiber Future Needs to Shed Copper Past
Shares in no-moat-rated Chorus are trading 16% above our unchanged NZD 7.80 per share fair value estimate, or AUD 7.10 at current exchange rates. The stock is buoyed by growing investor comfort regarding its dividend outlook and regulatory certainty. Management added to the positive sentiment by providing clarity to Chorus' "All-Fiber" vision at the investor day.
