0458 GMT - The outperformance of Zip's U.S. business relative to the Australian payment provider's home market appears to have continued in August, according to UBS analysts. They point to recent app download data, which shows U.S. app downloads improved sequentially from July to sit 11% higher than a year earlier. At the same time, Australia app downloads were up just 1% on year. They tell clients in a note that the regions' monthly active user trends are even further apart. Monthly active users for August were up 4% on a 12-month basis in the U.S. but down 15% in Australia. The UBS analysts only highlight the data, stopping short of sharing any firm conclusions with clients. UBS has a last-published buy rating on the stock, which is down 12% at A$1.975.
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