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.

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Equity Bottom-Up

<p>Soho China has announced it will dispose of Sky Soho based on an asset value of CNY 5,008 million. The sale price represents an 8% premium to the asset’s latest book value. The asset accounted for about 11% of the company’s rental income during first-half 2017, and the sale is part of the company’s announced strategy of unlocking value through the disposal of non-core assets. As Soho China is trading below its book value, the disposal will narrow the discount. We have adjusted our assumption of…</p>

Soho China has announced it will dispose of Sky Soho based on an asset value of CNY 5,008 million. The sale price represents an 8% premium to the asset’s latest book value. The asset accounted for about 11% of the company’s rental income during first-half 2017, and the sale is part of the company’s announced strategy of unlocking value through the disposal of non-core assets. As Soho China is trading below its book value, the disposal will narrow the discount. We have adjusted our assumption of…

Another Asset Disposal to Unlock Value for Soho China, but Path Forward Unclear