Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Thematic (Sector/Industry)

The Best Ideas list is a compilation of stock ideas sourced from Morningstar’s global equity research team. With more than 100 analysts covering nearly 1,500 companies, we’re able to provide a wide variety of what we believe are attractively priced securities looking across sectors, industries, and geographies. Best Ideas are nominated by analysts and approved by managers in addition to the normal due diligence processes that precede our published research and ratings.The list may include a broad mix of quality and risk characteristics to meet varying investor needs, including no-, narrow-, and wide-moat companies as well as the full spectrum of uncertainty ratings from low to very high. Most or all of the highlighted stocks will be trading at a discount to our estimate of intrinsic value, indicating improved odds of capital appreciation.

The Best Ideas list is a compilation of stock ideas sourced from Morningstar’s global equity research team. With more than 100 analysts covering nearly 1,500 companies, we’re able to provide a wide variety of what we believe are attractively priced securities looking across sectors, industries, and geographies. Best Ideas are nominated by analysts and approved by managers in addition to the normal due diligence processes that precede our published research and ratings.The list may include a broad mix of quality and risk characteristics to meet varying investor needs, including no-, narrow-, and wide-moat companies as well as the full spectrum of uncertainty ratings from low to very high. Most or all of the highlighted stocks will be trading at a discount to our estimate of intrinsic value, indicating improved odds of capital appreciation.

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

STX Entertainment / Equity Capital Markets

STX Entertainment had earlier filed an application for listing on the Hong Kong Stock Exchange. As per media reports, the company could raise up to USD 500 million at a valuation of USD 3.5 billion. In this insight, we will look at:
<ul>
<li>The company's history and segments</li>
<li>Business model</li>
<li>Analysis of the company's record</li>
<li>Quick thought on valuation</li>
</ul>

STX Entertainment had earlier filed an application for listing on the Hong Kong Stock Exchange. As per media reports, the company could raise up to USD 500 million at a valuation of USD 3.5 billion. In this insight, we will look at:

The company's history and segments
Business model
Analysis of the company's record
Quick thought on valuation


STX Entertainment (胜图娱乐) IPO: Legendary Founder but Results Matter

Equity Analyst, LightStream Research

Chacko Jacob

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Bottom-Up

Established in 1960, the <a href="https://www.smartkarma.com/entities/13517" target="_blank" data-smartkarma-citation="entities:13517:1">Oriental Land (4661 JP)</a> began as a developer of reclaimed land. One of the company’s main projects involved reclaiming land off Urayasu in Chiba Prefecture, about 40 minutes from Tokyo Station. While this project was being carried out, OLC reached an agreement with <a href="https://www.smartkarma.com/entities/15439" target="_blank" data-smartkarma-citation="entities:15439:1">The Walt Disney Co (DIS US)</a> to build and operate a theme park on the reclaimed land. Ten years later, in 1983, Tokyo Disneyland opened its gates to the public.
The Disneyland theme park opened with 32…

Established in 1960, the Oriental Land (4661 JP) began as a developer of reclaimed land. One of the company’s main projects involved reclaiming land off Urayasu in Chiba Prefecture, about 40 minutes from Tokyo Station. While this project was being carried out, OLC reached an agreement with The Walt Disney Co (DIS US) to build and operate a theme park on the reclaimed land. Ten years later, in 1983, Tokyo Disneyland opened its gates to the public.
The Disneyland theme park opened with 32…

OLC Ltd (4661 JP): Multiples Pose More Of A Danger To Tokyo Disney Resort Than Heatwave & Typhoons

IPO and L/S equity, 2015 Starmine top stock picker, Global Equity Research Ltd

Rickin Thakrar

IPO and L/S equity, 2015 Starmine top stock picker

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

The Walt Disney Co / Equity Capital Markets

STX, a nascent movie production company, plans to raise $500mn through a Hong Kong IPO expected in Aug. 2018. STX produced the movie Bad Moms and is targeting the middle range movie market ($20-80mn production budget) with a focus on finding cross-border appeal in both the US and China. We note a few points below the fold:

STX, a nascent movie production company, plans to raise $500mn through a Hong Kong IPO expected in Aug. 2018. STX produced the movie Bad Moms and is targeting the middle range movie market ($20-80mn production budget) with a focus on finding cross-border appeal in both the US and China. We note a few points below the fold:

Differentiated global TMT & Internet Research

New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

A quick tour of news flow in the Asian telco space in the past week. <h2>China: China Tower IPO, SOE reform and 5G</h2>China Tower IPO: The massive <a href="https://www.smartkarma.com/entities/27037" target="_blank" data-smartkarma-citation="entities:27037:1">China Tower Corp (1409417D HK)</a> IPO is upon us and if reports are to be believed the IPO is looking to raise $8.8bn by selling a 25% stake and valuing the company at US$35bn (with a greenshoe of 15%). It looks like the IPO will open on July 23rd with pricing on 1 August. We have written on this before (see <a href="https://www.smartkarma.com/insights/china-tower-ipo-a-low-return-entity-created-to-boost-telco-returns" target="_blank" data-smartkarma-citation="insights:21790">China Tower IPO - A Low Return Entity Created to Boost</a>…

A quick tour of news flow in the Asian telco space in the past week. China: China Tower IPO, SOE reform and 5GChina Tower IPO: The massive China Tower Corp (1409417D HK) IPO is upon us and if reports are to be believed the IPO is looking to raise $8.8bn by selling a 25% stake and valuing the company at US$35bn (with a greenshoe of 15%). It looks like the IPO will open on July 23rd with pricing on 1 August. We have written on this before (see China Tower IPO - A Low Return Entity Created to Boost…

This Week in Asian Telcos: China Tower IPO the Key Event to Watch Out For

United States

The Walt Disney Company is an entertainment company that conducts operations in media networks, studio entertainment, theme parks and resorts, consumer products, and interactive media. The Company produces motion pictures, television programs, and musical recordings, as well as books and magazines.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

The Walt Disney Co (DIS US)

Best Ideas List for January 2019

The Best Ideas list is a compilation of stock ideas sourced from Morningstar’s global equity research team. With more than 100 analysts covering...

Morningstar, Inc.

STX Entertainment (胜图娱乐) IPO: Legendary Founder but Results Matter

STX Entertainment had earlier filed an application for listing on the Hong Kong Stock Exchange. As per media reports, the company could raise up to...

Ke Yan, CFA, FRM

OLC Ltd (4661 JP): Multiples Pose More Of A Danger To Tokyo Disney Resort Than Heatwave & Typhoons

Established in 1960, the Oriental Land (4661 JP) began as a developer of reclaimed land. One of the company’s main projects involved reclaiming...

Chacko Jacob

STX IPO Preview– a One-Hit Wonder

STX, a nascent movie production company, plans to raise $500mn through a Hong Kong IPO expected in Aug. 2018. STX produced the movie Bad Moms...

Rickin Thakrar

This Week in Asian Telcos: China Tower IPO the Key Event to Watch Out For

A quick tour of news flow in the Asian telco space in the past week. China: China Tower IPO, SOE reform and 5GChina Tower IPO: The massive China...

New Street Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)