ResMed Inc.: Initiation of Coverage – Recent Acquisitions & Other Key Drivers
This is our first report on ResMed, a leading medical equipment company that specializes in the treatment of sleep apnea and other respiratory...
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Varian-Siemens Deal: DAX Promotion on the Cards for the Acquirer
This is the largest healthcare sector M&A Deal announced so far in 2020. Earlier this year, in March, Thermo Fisher Scientific Inc (TMO US)...
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It’s Not Over Yet, but Lift the Bar on Defence
A Correction and Not the End of the Cycle. In our view, the equity market sell-off in the past few weeks is a correction and a return to more...
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U.S. Equity Strategy: Cyclicals Remain Leadership - Staples & Utilities Are Strengthening
Investors continue to prefer the stability of the U.S. relative to emerging markets. The recent declines recorded in emerging markets and their...
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Strong Sales Momentum Maintained as Operating Leverage Boosts the Bottom Line; Raising Resmed's FVE
Strong sales momentum from first-quarter fiscal 2018 continued, with narrow-moat ResMed reporting another excellent quarter, ahead of our...
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