In recent news, financial firm Morningstar has reduced the fair value estimate for Australia’s multi-asset market platform, ASX (ASX:ASX).

The estimated value was cut by 3% to A$72.5.

Last Thursday, ASX reported underlying earnings of 254 Australian cents per share.

This is a decrease of 3% from the previous year and 6% less than Morningstar’s projection, due largely to costs that were higher than expected.

Market analysts have currently shifted their attention to the near-term growth forecasts around expenses and capital outflow on the exchange operator side of the business.

In other news, ASX’s new chief, Helen Lofthouse, has initiated a leadership revamp which could potentially bring benefits to ASX and its shareholders.

An improvement is expected in the broader Australian financial ecosystem due to fresh ideas expected from the new ASX leadership.

The stock has decreased by 11.1% this year, as of the last market close.

ASX (ASX:ASX) is a leading multi-asset exchange platform in Australia.