Stock research on global mid-cap companies

Evaluate Research

Evaluate Research provides institutional quality stock research on small-cap and  mid-cap companies on a global basis, thus helping connect investors with the company.

At Evaluate Research, we provide free of cost to all investors a 20-25 page Initiation Report which evaluates in great detail all aspects of the company:  growth opportunities, catalysts, business description, competitive positioning, SWOT analysis, risks, etc.  In addition, we determine specific price targets for the company based on detailed 5-year complete forecasts of financial statements including IS, BS, CF, ratios, etc.  Finally, whereas many sell-side brokers offer sketchy and irregular ongoing maintenance research of companies, if not outright dropped or termination of coverage, at Evaluate Research we systematically monitor and regularly publish Update Notes covering quarterly earnings, major corporate events, etc.

All of the research reports are broadly and freely disseminated globally to leading Fund Managers and analysts who invest specifically in mid-size equities, and also on leading investment information platforms including: Bloomberg, Thomson Reuters, FactSet etc.

Stock research on global mid-cap companies, Evaluate Research

Equity Bottom-Up

<p>Clear Media [100_HK] has reported H1FY2016 results which outpaced our bottom-line estimates by 5% while meeting our top-line estimates. Also, the company declared a large one-time special dividend of 37 cents [4.9% yield] payable next month [please see details below]. Revenue increased 3.9% in 1H to HK$ 889 mn YoY, mainly buoyed by an increase in the number of panels in operation. On a constant currency basis, revenue growth would have been +9.1%. Gross margin in the reported period was 41% versus 40.7% in the prior year period. EBITDA was HK$ 357 mn, up 3.9% against the same period last year while on a constant currency basis EBITDA was up by +9.1%. Likewise, the net profit margin grew by 30bps to 12.1%. Net income also increased 7% YoY to HK$ 108 mn. On a constant currency, net income was up 12.6%.</p>

Clear Media [100_HK] has reported H1FY2016 results which outpaced our bottom-line estimates by 5% while meeting our top-line estimates. Also, the company declared a large one-time special dividend of 37 cents [4.9% yield] payable next month [please see details below]. Revenue increased 3.9% in 1H to HK$ 889 mn YoY, mainly buoyed by an increase in the number of panels in operation. On a constant currency basis, revenue growth would have been +9.1%. Gross margin in the reported period was 41% versus 40.7% in the prior year period. EBITDA was HK$ 357 mn, up 3.9% against the same period last year while on a constant currency basis EBITDA was up by +9.1%. Likewise, the net profit margin grew by 30bps to 12.1%. Net income also increased 7% YoY to HK$ 108 mn. On a constant currency, net income was up 12.6%.

Clear Media Ltd

Clear Media: 1HFY2016 Earnings Update