M&A Reporting, CTFN

Jonathan Spitzer

M&A Reporting

CTFN

Bringing the marketplace leading coverage of mergers, events, and major corporate actions, CTFN has a team of seasoned reporters from Los Angeles to London, publishing news that advances stories that matter to event-driven investors and deal professionals.

Event-Driven

A source close to Zoomlion said that the company was "very keen" on acquiring Terex and "absolutely loved" its management.  However, Zoomlion has a "very disciplined" approach to M&amp;A and was not willing to pay a price of $31 per share or above for the rest of Terex, as Terex management had requested.

A source close to Zoomlion said that the company was "very keen" on acquiring Terex and "absolutely loved" its management.  However, Zoomlion has a "very disciplined" approach to M&amp;A and was not willing to pay a price of $31 per share or above for the rest of Terex, as Terex management had requested.

Terex/Zoomlion Deal Faltered on Price; Konecranes May Need Divestiture with MHPS

Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

Thematic (Sector/Industry)

In order to advance, Chinese industry needs to become innovative. The track record to date is poor, with few examples of genuine innovation and rather too many instances of attempts to deceive and straightforward fraud.

In order to advance, Chinese industry needs to become innovative. The track record to date is poor, with few examples of genuine innovation and rather too many instances of attempts to deceive and straightforward fraud. 

China Macroeconomics & Academia

Christopher Balding

Macroeconomics

With what we see as the stabilization of the Chinese real economy, though credit driven as noted, and growth in steel production among other products, it is naturally anticipated that the inventory level may have increased. This would be due to a lack of real demand absorbing the additional production.Nearly all important metal ore inventories have declined. A look at the important metal ore inventories like nickel, chromium and manganese have experienced a steady decline since December 2015…

 With what we see as the stabilization of the Chinese real economy, though credit driven as noted, and growth in steel production among other products, it is naturally anticipated that the inventory level may have increased. This would be due to a lack of real demand absorbing the additional production.Nearly all important metal ore inventories have declined. A look at the important metal ore inventories like nickel, chromium and manganese have experienced a steady decline since December 2015…

Is Increased Chinese Output Leading to Higher Inventories?

We had predicted that official China PMI would increase and were forecasting 50.5.  We were not even close as PMI remain unchanged at 50.1 for May. Though the Chinese economy is built upon leverage, it seems clear that the real economy in China is stabilizing even if credit driven. What is interesting about our forecast is that even though official PMI remained unchanged, virtually all sectors reporting data throughout the month showed further increase in output from April. We are retooling our…

We had predicted that official China PMI would increase and were forecasting 50.5.  We were not even close as PMI remain unchanged at 50.1 for May. Though the Chinese economy is built upon leverage, it seems clear that the real economy in China is stabilizing even if credit driven. What is interesting about our forecast is that even though official PMI remained unchanged, virtually all sectors reporting data throughout the month showed further increase in output from April. We are retooling our…

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

Equity Bottom-Up

Zoomlion Heavy Industry H / Equity Bottom-Up

We think the termination of the proposed acquisition of U.S.-based Terex will allow Zoomlion to redirect resources and efforts toward boosting its interest in the relatively resilient agricultural and environmental machinery segment.We had been sceptical regarding the acquisition, as the excessive valuation premium and added debt load to Zoomlion's already-weak balance sheet would not have been accretive to the firm's earnings or valuation, offsetting any potential benefits from synergies.Analyst: John Hu

We think the termination of the proposed acquisition of U.S.-based Terex will allow Zoomlion to redirect resources and efforts toward boosting its interest in the relatively resilient agricultural and environmental machinery segment.We had been sceptical regarding the acquisition, as the excessive valuation premium and added debt load to Zoomlion's already-weak balance sheet would not have been accretive to the firm's earnings or valuation, offsetting any potential benefits from synergies.Analyst: John Hu

Termination of Terex Acquisition Good for Zoomlion's Long-Term Prospects

China

Zoomlion Heavy Industry Science and Technology Co., Ltd.manufactures and markets construction machinery.  The Company's products include concrete machinery, cranes, road machinery, drilling equipment, and other heavy construction equipment.  Zoomlion also produces environmental machinery and satellite navigation products.

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

Zoomlion Heavy Industry S A (000157 CH)

Terex/Zoomlion Deal Faltered on Price; Konecranes May Need Divestiture with MHPS

A source close to Zoomlion said that the company was "very keen" on acquiring Terex and "absolutely loved" its management. However, Zoomlion has a...

CTFN

Innovation - A Sorry Tale in China

In order to advance, Chinese industry needs to become innovative. The track record to date is poor, with few examples of genuine innovation and...

Bixmoor

Is Increased Chinese Output Leading to Higher Inventories?

With what we see as the stabilization of the Chinese real economy, though credit driven as noted, and growth in steel production among other...

Christopher Balding

Post-PMI Data Release Analysis

We had predicted that official China PMI would increase and were forecasting 50.5. We were not even close as PMI remain unchanged at 50.1 for May....

Christopher Balding

Termination of Terex Acquisition Good for Zoomlion's Long-Term Prospects

We think the termination of the proposed acquisition of U.S.-based Terex will allow Zoomlion to redirect resources and efforts toward boosting its...

Morningstar, Inc.

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)