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

For the year to date, Cheung Kong Property has made no land acquisitions in Hong Kong. The company said it had participated in several land auctions, but all of its bids fell short. Meanwhile, the company engaged in its first share buybacks in late March, with another in late May. It acquired 14 million shares, or 0.37% of the total shares outstanding, at an average price of HKD 46.65 per share.We believe that Cheung Kong Properties will remain conservative with land acquisitions in the near term, managing its capital through share buybacks and dividend payouts. The shares are attractively priced at 11 times forward earnings and 0.7 times the book value.Analysts: Phillip Zhong &amp; Michael Wu, CAIA

For the year to date, Cheung Kong Property has made no land acquisitions in Hong Kong. The company said it had participated in several land auctions, but all of its bids fell short. Meanwhile, the company engaged in its first share buybacks in late March, with another in late May. It acquired 14 million shares, or 0.37% of the total shares outstanding, at an average price of HKD 46.65 per share.We believe that Cheung Kong Properties will remain conservative with land acquisitions in the near term, managing its capital through share buybacks and dividend payouts. The shares are attractively priced at 11 times forward earnings and 0.7 times the book value.Analysts: Phillip Zhong &amp; Michael Wu, CAIA

The Making of the Bellwether of the Hong Kong Property Sector

CK Asset Holdings

The Making of the Bellwether of the Hong Kong Property Sector