Wharton School of the University of Pennsylvania

Assistant Professor at The Wharton School, Wharton School of the University of Pennsylvania

Dr Arthur van Benthem

Assistant Professor at The Wharton School

Thematic (Sector/Industry)

The 2016 presidential election was a vote on many issues. First and foremost, voters have told Washington that they want jobs with a future and a fair share of our nation’s growing wealth. The elections should not be mistaken for a vote on the country’s environmental agenda. It’s quite the opposite, in fact. Mr. Trump has won the votes of so many millions of Americans despite strong public support for green energy and clean air.

The 2016 presidential election was a vote on many issues. First and foremost, voters have told Washington that they want jobs with a future and a fair share of our nation’s growing wealth. The elections should not be mistaken for a vote on the country’s environmental agenda. It’s quite the opposite, in fact. Mr. Trump has won the votes of so many millions of Americans despite strong public support for green energy and clean air.

Why Trump Should Embrace – Not Ditch – Green Energy

Equity Research Analyst, Maritime sector, Drewry Maritime Financial Research

Ankush Kathuria CFA, FRM

Equity Research Analyst, Maritime sector

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Results of listed terminal operators reveal a weakness in organic earnings as gearing increases. Stricter cost rationalisation and financial risk reduction will retain investment interest. Companies with growth plans command a significant market premium as profitability diminishes.

Results of listed terminal operators reveal a weakness in organic earnings as gearing increases. Stricter cost rationalisation and financial risk reduction will retain investment interest. Companies with growth plans command a significant market premium as profitability diminishes.

Global Port Operators - 3Q16 Profitability Trends Lower on Slackening Growth

Thematic Investing in Tech and Media, CM Research

Cyrus Mewawalla

Thematic Investing in Tech and Media

Thematic TMT investing

CM Research

CM Research is an independent research house based in London, England. We provide global thematic research in the Technology, Media and Telecoms (TMT) sectors. 

Our focus is on disruptive technologies: how will they unfold; which industries will be impacted; and who will be the ultimate winners and losers. 

Our aim is to help investors predict share prices and corporate executives stay one step ahead of the technology trends that are shaping their industry. 

We research technology investment themes in detail and then feed the results into a scorecard system to quantify the impact of several conflicting themes on individual stocks. 

Recent themes covered include internet TV, the Internet of Things, Big Data, Mobile payments, crowdfunding, artificial intelligence, the cloud, software defined networking and Generation Hashtag.

We cover the top 500 global TMT stocks by market capitalisation and several technology start-ups and pre-IPO companies too. 

In 2015, CM Research analysts outperformed the Bloomberg Benchmark Analyst Index - which measures how good analysts are at predicting stock prices - by 7.1%.

Medicine is changing. For hundreds of years, the key drivers of progress were biology and chemistry. Now they are data science and software.Big Medicine and Big Pharma are being gradually undermined by swelling networks of connected biosensors, ubiquitous mobile devices and cloud-based healthcare apps. Collectively, we group these phenomena under the umbrella term, “The Internet of Medical Things”.Five broad technology categories are set to transform the $8 trillion global healthcare industry over the next two years: genomics, mobile health, health IT systems, robotics and virtual reality.These five technologies will dramatically change the balance of power in the “Healthcare” value chain, but it may take a few years to get there.In this report, we look at the main technology categories where disruption of the healthcare sector will be at its greatest over the next two years and identify which parts of the value chain investors should focus on. The five key technology categories are genomics (a branch of biotech), mobile health, health IT systems, robotics and virtual reality.

Medicine is changing. For hundreds of years, the key drivers of progress were biology and chemistry. Now they are data science and software.Big Medicine and Big Pharma are being gradually undermined by swelling networks of connected biosensors, ubiquitous mobile devices and cloud-based healthcare apps. Collectively, we group these phenomena under the umbrella term, “The Internet of Medical Things”.Five broad technology categories are set to transform the $8 trillion global healthcare industry over the next two years: genomics, mobile health, health IT systems, robotics and virtual reality.These five technologies will dramatically change the balance of power in the “Healthcare” value chain, but it may take a few years to get there.In this report, we look at the main technology categories where disruption of the healthcare sector will be at its greatest over the next two years and identify which parts of the value chain investors should focus on. The five key technology categories are genomics (a branch of biotech), mobile health, health IT systems, robotics and virtual reality.

By 2020, the global cybersecurity market is expected to be worth $170bn, up from $77bn in 2015. But the core issue is that companies need “better” rather than “more” security.Most cybersecurity companies sell an imperfect product. The common joke in the industry is that no cybersecurity company can really protect you against the latest threats out there. In a sense, they all overpromise and underdeliver.If this is true, should investors steer clear of the sector altogether?To help investors answer that question we look at three areas:- industry growth drivers- corporate governance trends- wider cybersecurity industry trends

By 2020, the global cybersecurity market is expected to be worth $170bn, up from $77bn in 2015. But the core issue is that companies need “better” rather than “more” security.Most cybersecurity companies sell an imperfect product. The common joke in the industry is that no cybersecurity company can really protect you against the latest threats out there. In a sense, they all overpromise and underdeliver.If this is true, should investors steer clear of the sector altogether?To help investors answer that question we look at three areas:- industry growth drivers- corporate governance trends- wider cybersecurity industry trends

Cybersecurity as an Investment Theme (Part 2)

Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Equity Capital Markets

Doosan Bobcat Inc / Equity Capital Markets

Does anyone has any idea about how Bobcat's price will head after the IPO tomorrow? Surely, Trump is helping Bobcat (and Doosan's other companies) a lot. The investment sentiment towards Bobcat still seems to be strong. Yes, a lot of people have high expectations on most US-based construction related companies. In fact, there is a good possibility that the so-called Trump factor will help the US construction sector enter in a boom cycle. So, it is not really hard to expect Bobcat's price to stay strong for a while after the IPO tomorrow. Personally, I also expect a very strong performance of Bobcat. But how long will this positive sentiment last? Well, I don't think anyone can answer to this very clearly. Obviously, we do not yet see any concrete plan or evidence of where Trump's construction policy will head to. So, I would like to put the Trump factor aside for now in relation to Bobcat's post-IPO price performance. Instead, I would like to pay close attention to another critical factor, which is a possible stock overhang issue by Doosan Infracore.

Does anyone has any idea about how Bobcat's price will head after the IPO tomorrow? Surely, Trump is helping Bobcat (and Doosan's other companies) a lot. The investment sentiment towards Bobcat still seems to be strong. Yes, a lot of people have high expectations on most US-based construction related companies. In fact, there is a good possibility that the so-called Trump factor will help the US construction sector enter in a boom cycle. So, it is not really hard to expect Bobcat's price to stay strong for a while after the IPO tomorrow. Personally, I also expect a very strong performance of Bobcat. But how long will this positive sentiment last? Well, I don't think anyone can answer to this very clearly. Obviously, we do not yet see any concrete plan or evidence of where Trump's construction policy will head to. So, I would like to put the Trump factor aside for now in relation to Bobcat's post-IPO price performance. Instead, I would like to pay close attention to another critical factor, which is a possible stock overhang issue by Doosan Infracore.

Doosan Bobcat's Post IPO Price Prediction - Trump Is Helping But Infracore's Debts Are Not

United States

Caterpillar Inc. designs, manufactures and markets construction, mining and forestry machinery. The Company also manufactures engines  and other related parts for its equipment, and offers financing and insurance. Caterpillar distributes its products through a worldwide organization of dealers.

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Caterpillar Inc (CAT US)

Why Trump Should Embrace – Not Ditch – Green Energy

The 2016 presidential election was a vote on many issues. First and foremost, voters have told Washington that they want jobs with a future and a...

Dr Arthur van Benthem

Global Port Operators - 3Q16 Profitability Trends Lower on Slackening Growth

Results of listed terminal operators reveal a weakness in organic earnings as gearing increases. Stricter cost rationalisation and financial risk...

Drewry Maritime Financial Research

MedTech as an Investment Theme

Medicine is changing. For hundreds of years, the key drivers of progress were biology and chemistry. Now they are data science and software.Big...

CM Research

Cybersecurity as an Investment Theme (Part 2)

By 2020, the global cybersecurity market is expected to be worth $170bn, up from $77bn in 2015. But the core issue is that companies need “better”...

CM Research

Doosan Bobcat's Post IPO Price Prediction - Trump Is Helping But Infracore's Debts Are Not

Does anyone has any idea about how Bobcat's price will head after the IPO tomorrow? Surely, Trump is helping Bobcat (and Doosan's other companies)...

Sanghyun Park

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52-week Range

Market Cap (USDm)

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