Kelsian Group rises on asset sale, Morningstar notes focus on discretionary spending
Shares of Kelsian Group rose as much as 1% to A$3.93 after Morningstar viewed the A$150 million sale of the transport operator's tourism assets positively, citing a sharper management focus. However, the research firm cautioned that profits from the marine division are still not 'nondiscretionary' and earnings will lar