Cleanaway Waste Management Ltd
CWY: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$6.80 | Rgjdz | Fkfdxpp |
Swift Economic Rebound Delivers a Rosy Fiscal 2022 Outlook for Cleanaway’s New CEO; FVE Increased 3%
With the Australian economy staging a robust recovery from the coronavirus shock, Cleanaway’s newly announced CEO, Mark Schubert, is set to take the reins at an opportune time. We’d previously anticipated a sombre recovery in Cleanaway’s waste volumes would take hold in fiscal 2022, following a fiscal 2021 where waste generation has been hampered by the pandemic. However, with the Australian economy’s performance in recent quarters outpacing our prior expectations, a marked recovery in waste generation is likely underway economy-wide.