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

Agricultural Bank of China / Equity Bottom-Up

<p>We are adding narrow-moat <a href="https://www.smartkarma.com/entities/1120" target="_blank" data-smartkarma-citation="entities:1120:1">Agricultural Bank Of China Limited (1288 HK)</a>, or ABC, into our Best Ideas list. ABC is our preferred name among Chinese financials. The stock is undervalued with a 30% discount to our valuation. It is trading at 0.67 times 2018 price/book value assuming 9% growth in shareholders' equity. This implies a 5.9% dividend yield, the highest yield among Chinese large banks. Along with major Chinese banks we cover, ABC is trading at the lowest level over the past three years…</p>

We are adding narrow-moat Agricultural Bank Of China Limited (1288 HK), or ABC, into our Best Ideas list. ABC is our preferred name among Chinese financials. The stock is undervalued with a 30% discount to our valuation. It is trading at 0.67 times 2018 price/book value assuming 9% growth in shareholders' equity. This implies a 5.9% dividend yield, the highest yield among Chinese large banks. Along with major Chinese banks we cover, ABC is trading at the lowest level over the past three years…

Adding Agricultural Bank of China into Best Ideas List