Our preferred professional services exposure heading into the 1H19 reporting
season is People Infrastructure (PPE), given strong industry tailwinds, scope for further EPS accretive
acquisitions and an undemanding FY19 PE of sub 12x.
We remain positively disposed to IPH Limited (IPH) and Shine Corporate (SHJ), and retain a Hold rating on Xenith (XIP).
Watch my presentation to the Morgans network for further detail:
Morgans clients can login to view further detailed analysis in my Professional Services 1H19 sector preview report. Alternatively, please contact your Morgans adviser or nearest Morgans office for access.
Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.