This document provides an analysis and recommendations for China Railway Group Ltd-H (CRG). It includes key financial metrics and valuation measures for CRG and other transportation companies in China and benchmark indices. The document recommends a "buy" for CRG based on its position in the industry and growth potential.
Fundamental Analysis & Financial Analyst Recommandations - China Railw…BCV
This document provides an analysis and recommendations for China Railway Group Ltd-H (CRG). It includes key financial metrics and valuation measures for CRG and several comparable companies over multiple years. The document recommends CRG as a buy, citing an estimated price to earnings ratio of 1.34 in 2013 and revenue and EBITDA growth potential of over 3% annually.
Fundamental Analysis & Financial Analyst Recommandations - EM Frontier My...BCV
This document provides valuation measures and financial metrics for various stock market indices and companies in Southeast Asia. It includes data on market capitalization, revenues, earnings, price-earnings ratios, and analyst recommendations for companies such as Yoma Strategic Holdings, PTT Exploration and Production, and Bangkok Bank through 2016. The purpose is to analyze companies and markets in the region to inform investment decisions.
Fundamental Analysis & Analyst Recommendations - MXEF50 Index (MSCI EM 50...BCV
This document provides financial data and metrics for various stock market indices and large companies. It includes information on market capitalization, revenue, earnings, growth rates, and credit ratings. The data is presented in a table with estimates for current and future years.
This document provides financial data and analysis for 19 publicly traded agricultural companies. Key metrics included are market capitalization, revenue, earnings before interest, taxes, depreciation and amortization (EBITDA), earnings per share, price-earnings ratio, revenue and EBITDA growth rates, EBITDA margin, and credit ratings. The companies represent a variety of global agricultural sectors and geographies.
Fundamental Analysis & Financial Analyst Recommandations - MIST Top 50BCV
This document provides financial data and analysis for 50 large capitalization companies across various global indices. Key metrics included are market capitalization, revenue, earnings before interest and taxes (EBITDA), earnings per share, price-earnings ratios, revenue and EBITDA growth rates, and credit ratings from Standard & Poor's and Moody's. The document appears to be aimed at providing a high-level overview of valuation measures and financial performance for fundamental analysis and investment recommendations.
Fundamental Analysis & Analysts Recommendations - Q.M.S Advisors Farming IndexBCV
This document provides financial data and analysis for 19 companies in the agriculture and food industries. It includes metrics such as market capitalization, revenue, earnings before interest and taxes (EBITDA), earnings per share, price-earnings ratios, credit ratings, and revenue/EBITDA growth estimates for each company. The companies are compared across these metrics to evaluate their relative valuations and financial performance.
Fundamental Analysis & Financial Analyst Recommandations - Global Agri…BCV
This document provides financial data and metrics for various companies operating in the agriculture, food, and commodities sectors. Key information presented includes market capitalization, revenue, EBITDA, earnings per share, price-earnings ratios, debt levels, credit ratings, and revenue/earnings growth estimates for recent and coming years. Financial information is provided for over 30 publicly traded companies.
Fundamental Equity Analysis & Analyst Recommendations - MIST Top 50BCV
This document provides financial data and analysis for 50 large capitalization companies across various global indices. It includes metrics such as market capitalization, revenue, earnings, price-earnings ratios, credit ratings, and growth estimates. The document is a capital markets report produced by QMS Advisors for February 2013.
Fundamental Analysis & Financial Analyst Recommandations - China Railw…BCV
This document provides an analysis and recommendations for China Railway Group Ltd-H (CRG). It includes key financial metrics and valuation measures for CRG and several comparable companies over multiple years. The document recommends CRG as a buy, citing an estimated price to earnings ratio of 1.34 in 2013 and revenue and EBITDA growth potential of over 3% annually.
Fundamental Analysis & Financial Analyst Recommandations - EM Frontier My...BCV
This document provides valuation measures and financial metrics for various stock market indices and companies in Southeast Asia. It includes data on market capitalization, revenues, earnings, price-earnings ratios, and analyst recommendations for companies such as Yoma Strategic Holdings, PTT Exploration and Production, and Bangkok Bank through 2016. The purpose is to analyze companies and markets in the region to inform investment decisions.
Fundamental Analysis & Analyst Recommendations - MXEF50 Index (MSCI EM 50...BCV
This document provides financial data and metrics for various stock market indices and large companies. It includes information on market capitalization, revenue, earnings, growth rates, and credit ratings. The data is presented in a table with estimates for current and future years.
This document provides financial data and analysis for 19 publicly traded agricultural companies. Key metrics included are market capitalization, revenue, earnings before interest, taxes, depreciation and amortization (EBITDA), earnings per share, price-earnings ratio, revenue and EBITDA growth rates, EBITDA margin, and credit ratings. The companies represent a variety of global agricultural sectors and geographies.
Fundamental Analysis & Financial Analyst Recommandations - MIST Top 50BCV
This document provides financial data and analysis for 50 large capitalization companies across various global indices. Key metrics included are market capitalization, revenue, earnings before interest and taxes (EBITDA), earnings per share, price-earnings ratios, revenue and EBITDA growth rates, and credit ratings from Standard & Poor's and Moody's. The document appears to be aimed at providing a high-level overview of valuation measures and financial performance for fundamental analysis and investment recommendations.
Fundamental Analysis & Analysts Recommendations - Q.M.S Advisors Farming IndexBCV
This document provides financial data and analysis for 19 companies in the agriculture and food industries. It includes metrics such as market capitalization, revenue, earnings before interest and taxes (EBITDA), earnings per share, price-earnings ratios, credit ratings, and revenue/EBITDA growth estimates for each company. The companies are compared across these metrics to evaluate their relative valuations and financial performance.
Fundamental Analysis & Financial Analyst Recommandations - Global Agri…BCV
This document provides financial data and metrics for various companies operating in the agriculture, food, and commodities sectors. Key information presented includes market capitalization, revenue, EBITDA, earnings per share, price-earnings ratios, debt levels, credit ratings, and revenue/earnings growth estimates for recent and coming years. Financial information is provided for over 30 publicly traded companies.
Fundamental Equity Analysis & Analyst Recommendations - MIST Top 50BCV
This document provides financial data and analysis for 50 large capitalization companies across various global indices. It includes metrics such as market capitalization, revenue, earnings, price-earnings ratios, credit ratings, and growth estimates. The document is a capital markets report produced by QMS Advisors for February 2013.
Fundamental Equity Analysis & Analyst Recommendations - SX5E Eurostoxx 50…BCV
This document provides financial analysis and valuation measures for companies that are components of the Eurostoxx 50 Index. It includes data on market capitalization, revenue, earnings, debt levels, growth rates, and credit ratings for each company. The analysis is intended to help inform fundamental analysis and analyst recommendations regarding these stocks.
Fundamental Equity Analysis - RTSI$ Index Members (russia)BCV
This document provides financial data and analysis for various Russian companies and stock indices. It includes metrics such as market capitalization, revenue, earnings, growth rates, and credit ratings. The document contains financial information for over 30 Russian companies across multiple industries.
Fundamental Analysis & Analyst Recommendations - DAXglobal® China UrbanizationBCV
This document provides valuation measures and financial metrics for several Chinese companies and stock market indices. It includes data such as market capitalization, revenue, EBITDA, earnings per share, price-earnings ratios, credit ratings, and growth estimates for total revenue, EBITDA, and other figures. The document aims to analyze companies and markets in China through fundamental analysis and analyst recommendations.
Fundamental Analysis & Analyst Recommendations - Smart Power Grid PlayersBCV
This document provides financial analysis and recommendations for alternative energy and smart power grid companies, including metrics like revenue, EBITDA, earnings per share, price-earnings ratios, credit ratings, and growth estimates for a number of publicly traded companies in this sector. Financial data is presented for both historical periods like last fiscal year as well as estimates for future periods out to 2014. Analyst recommendations are also made regarding investment potential.
Fundamental Analysis & Analyst Recommendations - EM Frontier Myanmar BasketBCV
This document provides valuation measures and financial metrics for various stock market indices and companies in Southeast Asia. It includes data on market capitalization, revenue, earnings, price-earnings ratios, debt levels, credit ratings, and growth estimates for the period of 2012-2016. Analyst recommendations or investment advice are not provided.
Fundamental Analysis & Financial Analyst Recommandations - Agriculture…BCV
This document provides financial data and analysis for several agriculture and food companies. It includes metrics such as market capitalization, revenue, earnings before interest, taxes, depreciation, and amortization (EBITDA), earnings per share, price-earnings ratios, revenue and EBITDA growth rates, credit ratings, and analyst recommendations for each company. The document appears to be analyzing these companies to evaluate their financial performance and prospects.
Fundamental Equity Analysis & Analyst Recommendations - Insurance TitansBCV
This document provides financial data and metrics for several large insurance companies. It includes information such as market capitalization, revenue, earnings per share, credit ratings, and growth rates for companies like ACE Ltd., Aflac, Allianz, Aviva, and others. The document appears to be analyzing these insurance titans from a perspective of fundamental analysis and making analyst recommendations.
Fundamental Analysis & Analyst Recommendations - Uranium Exploration and Extr...BCV
This document provides financial data and metrics for several companies in the uranium exploration and extraction industry, including market capitalization, revenue, earnings, debt, and analyst ratings. The companies listed include Cameco Corp, Paladin Energy Ltd, Uranium One Inc, Denison Mines Corp, and others. Key metrics provided include estimated total revenue, EBITDA, earnings per share, price-earnings ratios, revenue and EBITDA growth rates, and credit ratings from S&P and Moody's where available.
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)BCV
This document provides financial analysis and metrics for several companies in the FTSE 100 index, including market capitalization, revenue, earnings, debt levels, credit ratings, and growth estimates. Key metrics such as revenue, EBITDA, earnings per share, price-to-earnings ratios, and credit ratings are presented for each company analyzed in the index.
Fundamental Equity Analysis - Top 100 Gold Mining Companies WorldwideBCV
Fundamental Equity Analysis - Top 100 Gold Mining Companies Worldwide
Over the past two days the gold market has witnessed one of the largest
corrections in modern history, falling roughly USD200/oz (c.13%) from Friday's
opening of over USD1,560/oz. A surge in speculative selling, stop-loss and
long-liquidation has coincided with a number of technical breaks in gold's price
trend. The key break was the USD1,525/oz level which has been regarded as a
major support level. Once broken selling escalated, and pushed through
USD1,400/oz and USD1,375/oz, a price region which was last observed in late
2010. We expect selling pressure could continue but at this stage it is very
difficult to determine how an instrument will bottom in such a volatile
environment. Fundamentally we believe that this move in gold is likely
associated with the capitulation in inflationary bias associated with ultraaccommodative
monetary policy. Disappointing growth data in China, despite
high levels of Social Financing, coincides with low CPI. In the US, economic
indicators are disappointing and the Fed is cooling on its QE stance; inflation
remains very low. The ECB is actually witnessing a contraction in its balance
sheet. The contraction in the Western World central bank balance sheet
combined with a further decline in the velocity of money, represents a key
challenge for gold. This is particularly true in US dollar terms as capital flows
continue to move towards the US as a place of apparent lower risk yield -
particularly US equities. Marginal industry costs for the gold mining industry
reside around the USD1,300/oz; while the gold market should not be expected
to behave similarly to the base metals in relation to industry production costs,
we expect that as the gold mining industry is threatened with contraction, the
market could see some support around that level if this situation worsens.
Fundamental Equity Analysis & Analyst Recommendations - MSCI APEX 50 Index Co...BCV
This document provides financial data and metrics for various stock market indices and companies. Key information includes market capitalization, revenue, earnings before interest and taxes (EBITDA), earnings per share, price-earnings ratios, revenue and EBITDA growth rates, and credit ratings from ratings agencies. The data is presented for indices like the S&P 500, Euro Stoxx 50, and MSCI EM, as well as individual companies from markets like Hong Kong.
Fundamental Equity Analysis - FTSE Eurotop 100 Index Members (E100 Index)BCV
This document provides financial analysis and metrics for 20 large companies that are components of major stock market indices. It includes data on market capitalization, revenues, earnings, debt levels, credit ratings, and analyst recommendations. The purpose is to analyze and compare the valuation and financial position of these companies.
Fundamental Equity Analysis - TOPIX 100 Index Members (TPX100 Index)BCV
This document provides financial data and analysis for several Japanese companies that are part of the TOPIX 100 index, including metrics like market capitalization, revenue, earnings per share, price-earnings ratios, and credit ratings. Financial estimates are given for recent fiscal years and the next two years. Credit ratings from S&P, Moody's, and other agencies are also listed for each company.
Fundamental Equity Analysis - Hong Kong Hang Seng Index ComponentsBCV
This document provides financial analysis and valuation metrics for several companies listed on the Hang Seng Index, including market capitalization, revenue, earnings per share, price-earnings ratios, debt levels, credit ratings, and growth estimates. Financial data is presented for the most recent fiscal year as well as projections for future periods.
Fundamental Analysis & Analyst Recommendations - World Top Agriculture Co.BCV
This document provides a summary of fundamental analysis and analyst recommendations for several agriculture and food companies. It includes key metrics such as market capitalization, revenue, EBITDA, earnings per share, price-earnings ratios, and credit ratings for each company. Analyst recommendations are not provided in this summary.
Fundamental Analysis & Analysts Recommendations - Eurostoxx 50 Index - SX5E I...BCV
This document provides a summary of valuation measures and financial metrics for various stock market indices and companies. It includes data such as market capitalization, revenue, earnings per share, price-earnings ratios, debt levels, credit ratings, and revenue/earnings growth estimates for the last year and next few years. The intention is to provide fundamental analysis and analyst recommendations on stocks in the Eurostoxx 50 index.
Fundamental Equity Analysis & Analyst Recommendations - S&P ASIA 50 Index Com...BCV
This document provides financial data and metrics for companies that are components of the S&P Asia 50 Index, including market capitalization, revenue, earnings per share, price-earnings ratios, credit ratings, and analyst recommendations. The financial information is presented for each company in a standardized format to allow for comparison across metrics and companies.
Fundamental Equity Analysis - Nasdaq 100 Index Members (NDX Index)BCV
This document provides valuation measures and financial data for various stock market indices and companies. It includes metrics such as market capitalization, revenue, earnings before interest, taxes, depreciation, and amortization (EBITDA), earnings per share, price-earnings ratio, revenue and EBITDA growth rates, credit ratings, and more. The data is presented in a table spanning multiple pages and covering indices like the S&P 500 as well as individual companies from various industries.
Fundamental Equity Analysis - BSE 100 Index Members (BSE100 Index)BCV
This document provides financial data and metrics for various stock market indices and companies. It includes information such as market capitalization, total revenue, EBITDA, earnings per share, price-to-earnings ratios, and credit ratings. Financial data is presented for the last fiscal year, current year estimates, and next year estimates. The document appears to be analyzing valuation measures for benchmark indices and companies.
Fundamental Analysis & Analyst Recommendations - EM Frontier Myanmar BasketBCV
This document provides valuation measures and financial metrics for various stock market indices and companies in Southeast Asia. Key metrics included are price to earnings ratios, price to book ratios, revenue and earnings growth estimates. Recommendations or investment advice are not provided in the document.
Fundamental Analysis & Analysts Recommendations - Construction & Mining Mach...BCV
This document provides a summary of valuation measures and financial metrics for several companies operating in the construction and mining machinery industry. Key metrics included are market capitalization, revenue, EBITDA, earnings per share, price-to-earnings ratios, credit ratings and growth estimates. Companies are listed with their country of domicile and currency, along with historical and estimated future financial figures.
Fundamental Analysis & Financial Analyst Recommandations - FTSE China 25BCV
This document provides financial data and metrics for 25 companies that are part of the FTSE China 25 Index, including market capitalization, revenue, earnings per share, price-earnings ratios, credit ratings, and growth estimates. It also includes summary financial information for various stock market indices for context.
Fundamental Equity Analysis & Analyst Recommendations - SX5E Eurostoxx 50…BCV
This document provides financial analysis and valuation measures for companies that are components of the Eurostoxx 50 Index. It includes data on market capitalization, revenue, earnings, debt levels, growth rates, and credit ratings for each company. The analysis is intended to help inform fundamental analysis and analyst recommendations regarding these stocks.
Fundamental Equity Analysis - RTSI$ Index Members (russia)BCV
This document provides financial data and analysis for various Russian companies and stock indices. It includes metrics such as market capitalization, revenue, earnings, growth rates, and credit ratings. The document contains financial information for over 30 Russian companies across multiple industries.
Fundamental Analysis & Analyst Recommendations - DAXglobal® China UrbanizationBCV
This document provides valuation measures and financial metrics for several Chinese companies and stock market indices. It includes data such as market capitalization, revenue, EBITDA, earnings per share, price-earnings ratios, credit ratings, and growth estimates for total revenue, EBITDA, and other figures. The document aims to analyze companies and markets in China through fundamental analysis and analyst recommendations.
Fundamental Analysis & Analyst Recommendations - Smart Power Grid PlayersBCV
This document provides financial analysis and recommendations for alternative energy and smart power grid companies, including metrics like revenue, EBITDA, earnings per share, price-earnings ratios, credit ratings, and growth estimates for a number of publicly traded companies in this sector. Financial data is presented for both historical periods like last fiscal year as well as estimates for future periods out to 2014. Analyst recommendations are also made regarding investment potential.
Fundamental Analysis & Analyst Recommendations - EM Frontier Myanmar BasketBCV
This document provides valuation measures and financial metrics for various stock market indices and companies in Southeast Asia. It includes data on market capitalization, revenue, earnings, price-earnings ratios, debt levels, credit ratings, and growth estimates for the period of 2012-2016. Analyst recommendations or investment advice are not provided.
Fundamental Analysis & Financial Analyst Recommandations - Agriculture…BCV
This document provides financial data and analysis for several agriculture and food companies. It includes metrics such as market capitalization, revenue, earnings before interest, taxes, depreciation, and amortization (EBITDA), earnings per share, price-earnings ratios, revenue and EBITDA growth rates, credit ratings, and analyst recommendations for each company. The document appears to be analyzing these companies to evaluate their financial performance and prospects.
Fundamental Equity Analysis & Analyst Recommendations - Insurance TitansBCV
This document provides financial data and metrics for several large insurance companies. It includes information such as market capitalization, revenue, earnings per share, credit ratings, and growth rates for companies like ACE Ltd., Aflac, Allianz, Aviva, and others. The document appears to be analyzing these insurance titans from a perspective of fundamental analysis and making analyst recommendations.
Fundamental Analysis & Analyst Recommendations - Uranium Exploration and Extr...BCV
This document provides financial data and metrics for several companies in the uranium exploration and extraction industry, including market capitalization, revenue, earnings, debt, and analyst ratings. The companies listed include Cameco Corp, Paladin Energy Ltd, Uranium One Inc, Denison Mines Corp, and others. Key metrics provided include estimated total revenue, EBITDA, earnings per share, price-earnings ratios, revenue and EBITDA growth rates, and credit ratings from S&P and Moody's where available.
Fundamental Equity Analysis - FTSE 100 Index Members (UKX Index)BCV
This document provides financial analysis and metrics for several companies in the FTSE 100 index, including market capitalization, revenue, earnings, debt levels, credit ratings, and growth estimates. Key metrics such as revenue, EBITDA, earnings per share, price-to-earnings ratios, and credit ratings are presented for each company analyzed in the index.
Fundamental Equity Analysis - Top 100 Gold Mining Companies WorldwideBCV
Fundamental Equity Analysis - Top 100 Gold Mining Companies Worldwide
Over the past two days the gold market has witnessed one of the largest
corrections in modern history, falling roughly USD200/oz (c.13%) from Friday's
opening of over USD1,560/oz. A surge in speculative selling, stop-loss and
long-liquidation has coincided with a number of technical breaks in gold's price
trend. The key break was the USD1,525/oz level which has been regarded as a
major support level. Once broken selling escalated, and pushed through
USD1,400/oz and USD1,375/oz, a price region which was last observed in late
2010. We expect selling pressure could continue but at this stage it is very
difficult to determine how an instrument will bottom in such a volatile
environment. Fundamentally we believe that this move in gold is likely
associated with the capitulation in inflationary bias associated with ultraaccommodative
monetary policy. Disappointing growth data in China, despite
high levels of Social Financing, coincides with low CPI. In the US, economic
indicators are disappointing and the Fed is cooling on its QE stance; inflation
remains very low. The ECB is actually witnessing a contraction in its balance
sheet. The contraction in the Western World central bank balance sheet
combined with a further decline in the velocity of money, represents a key
challenge for gold. This is particularly true in US dollar terms as capital flows
continue to move towards the US as a place of apparent lower risk yield -
particularly US equities. Marginal industry costs for the gold mining industry
reside around the USD1,300/oz; while the gold market should not be expected
to behave similarly to the base metals in relation to industry production costs,
we expect that as the gold mining industry is threatened with contraction, the
market could see some support around that level if this situation worsens.
Fundamental Equity Analysis & Analyst Recommendations - MSCI APEX 50 Index Co...BCV
This document provides financial data and metrics for various stock market indices and companies. Key information includes market capitalization, revenue, earnings before interest and taxes (EBITDA), earnings per share, price-earnings ratios, revenue and EBITDA growth rates, and credit ratings from ratings agencies. The data is presented for indices like the S&P 500, Euro Stoxx 50, and MSCI EM, as well as individual companies from markets like Hong Kong.
Fundamental Equity Analysis - FTSE Eurotop 100 Index Members (E100 Index)BCV
This document provides financial analysis and metrics for 20 large companies that are components of major stock market indices. It includes data on market capitalization, revenues, earnings, debt levels, credit ratings, and analyst recommendations. The purpose is to analyze and compare the valuation and financial position of these companies.
Fundamental Equity Analysis - TOPIX 100 Index Members (TPX100 Index)BCV
This document provides financial data and analysis for several Japanese companies that are part of the TOPIX 100 index, including metrics like market capitalization, revenue, earnings per share, price-earnings ratios, and credit ratings. Financial estimates are given for recent fiscal years and the next two years. Credit ratings from S&P, Moody's, and other agencies are also listed for each company.
Fundamental Equity Analysis - Hong Kong Hang Seng Index ComponentsBCV
This document provides financial analysis and valuation metrics for several companies listed on the Hang Seng Index, including market capitalization, revenue, earnings per share, price-earnings ratios, debt levels, credit ratings, and growth estimates. Financial data is presented for the most recent fiscal year as well as projections for future periods.
Fundamental Analysis & Analyst Recommendations - World Top Agriculture Co.BCV
This document provides a summary of fundamental analysis and analyst recommendations for several agriculture and food companies. It includes key metrics such as market capitalization, revenue, EBITDA, earnings per share, price-earnings ratios, and credit ratings for each company. Analyst recommendations are not provided in this summary.
Fundamental Analysis & Analysts Recommendations - Eurostoxx 50 Index - SX5E I...BCV
This document provides a summary of valuation measures and financial metrics for various stock market indices and companies. It includes data such as market capitalization, revenue, earnings per share, price-earnings ratios, debt levels, credit ratings, and revenue/earnings growth estimates for the last year and next few years. The intention is to provide fundamental analysis and analyst recommendations on stocks in the Eurostoxx 50 index.
Fundamental Equity Analysis & Analyst Recommendations - S&P ASIA 50 Index Com...BCV
This document provides financial data and metrics for companies that are components of the S&P Asia 50 Index, including market capitalization, revenue, earnings per share, price-earnings ratios, credit ratings, and analyst recommendations. The financial information is presented for each company in a standardized format to allow for comparison across metrics and companies.
Fundamental Equity Analysis - Nasdaq 100 Index Members (NDX Index)BCV
This document provides valuation measures and financial data for various stock market indices and companies. It includes metrics such as market capitalization, revenue, earnings before interest, taxes, depreciation, and amortization (EBITDA), earnings per share, price-earnings ratio, revenue and EBITDA growth rates, credit ratings, and more. The data is presented in a table spanning multiple pages and covering indices like the S&P 500 as well as individual companies from various industries.
Fundamental Equity Analysis - BSE 100 Index Members (BSE100 Index)BCV
This document provides financial data and metrics for various stock market indices and companies. It includes information such as market capitalization, total revenue, EBITDA, earnings per share, price-to-earnings ratios, and credit ratings. Financial data is presented for the last fiscal year, current year estimates, and next year estimates. The document appears to be analyzing valuation measures for benchmark indices and companies.
Fundamental Analysis & Analyst Recommendations - EM Frontier Myanmar BasketBCV
This document provides valuation measures and financial metrics for various stock market indices and companies in Southeast Asia. Key metrics included are price to earnings ratios, price to book ratios, revenue and earnings growth estimates. Recommendations or investment advice are not provided in the document.
Fundamental Analysis & Analysts Recommendations - Construction & Mining Mach...BCV
This document provides a summary of valuation measures and financial metrics for several companies operating in the construction and mining machinery industry. Key metrics included are market capitalization, revenue, EBITDA, earnings per share, price-to-earnings ratios, credit ratings and growth estimates. Companies are listed with their country of domicile and currency, along with historical and estimated future financial figures.
Fundamental Analysis & Financial Analyst Recommandations - FTSE China 25BCV
This document provides financial data and metrics for 25 companies that are part of the FTSE China 25 Index, including market capitalization, revenue, earnings per share, price-earnings ratios, credit ratings, and growth estimates. It also includes summary financial information for various stock market indices for context.
Fundamental Equity Analysis - ISE National 100 Index Members (XU100 Index)BCV
This document provides financial data and metrics for various companies and stock market indices. It includes information such as market capitalization, total revenue, EBITDA, earnings per share, price-to-earnings ratios, credit ratings, and revenue and earnings growth estimates for the companies and indices listed. The financial data is presented for years like the last fiscal year, the current year, and next year, allowing comparisons over time.
Fundamental Equity Analysis - SP100 Index Members (OEX Index)BCV
This document provides financial metrics and analyst recommendations for various companies and stock market indices. It includes data on market capitalization, revenue, earnings, debt, and credit ratings. Analyst recommendations range from investment grade ratings of A+ to BBB. This information can be used to evaluate companies and markets but does not constitute investment advice.
Fundamental Equity Analysis - SPI Index - The Top 100 Companies of the Swiss ...BCV
This document provides financial analysis and metrics for top companies in the Swiss Performance Index (SPI), including metrics like market capitalization, revenue, earnings per share, price-earnings ratio, credit ratings, and analyst recommendations. Key companies analyzed include Nestle, Novartis, Roche, UBS, ABB, and Zurich Insurance. Financial data is provided for years like 2013 and 2014 to analyze growth trends.
Fundamental Analysis - SX5E Index (Eurostoxx50) MembersBCV
This document provides financial analysis and valuation metrics for various stock market indices and companies. It includes data such as market capitalization, revenue, earnings per share, price-earnings ratios, credit ratings, and growth estimates for the next one and five years. The metrics are presented in tables for easy comparison across different indices and firms.
Sensex closed down 92.66pts@19691.432;Nifty closed down 27.75pts@5988.40.The
Market fell on Monday, posting its first losing session, as investors booked profits in
recent out-performers such as SBI after a four-day winning streak had sent indices to
two year highs. Oil eased to $111 a barrel on Monday as some investors booked profits.
The Sensex and Nifty rallied to its highest close since mid- March & rallied more than 1%
on Tuesday on strong European cues and addition of fresh long positions by traders
after a consolidation phase started since last week. Eurozone finance ministers agreed
a deal which will release euro 30 billion of bailout funds for Spain's troubled lenders.
The Indian stock market ended lower, with the Sensex closing down 169 points. Key indices like the Nifty and Bank Nifty also declined nearly 1%. In sector news, realty and banking stocks fell the most. Globally, major European markets closed lower while the Nasdaq edged down. FIIs were net buyers of Indian stocks worth over Rs. 1000 crore.
- The Sensex closed up 0.19% while the Nifty rose 0.24% supported by gains in European markets.
- Key gainers included Ambuja Cement, Wipro, and Infosys, while losers were BHEL, ITC, and Bharti Airtel.
- Sectoral indices like IT and bank Nifty saw gains over 2% and 0.66% respectively.
- The Sensex rose 0.93% and the Nifty rose 0.99% on hopes of economic reforms in India and ahead of key earnings reports.
- Overseas markets were mixed as the NASDAQ fell 0.43% while European markets rose between 0.49-0.74%.
- On the Nifty, gainers included JP Associates and DLF while losers included Lupin and Cipla.
Similar to Fundamental Analysis & Analyst Recommendations - China Railway (11)
La crise financière de 2008 l’a montré: toutes les classes d’actifs subissent violemment la réalisation des risques systémiques. Deux grands types de protection émergent.
Mit der Zinswende steigt überall die Volatilität, und daraus lässt sich Kapital schlagen.
Am meisten Gewinnpotenzial bieten im heutigen Umfeld Arbitragestrategien.
Des performances stables avec les certificats de primes de risqueBCV
L'environnement fait craindre une réévaluation massive et simultanée de l'ensemble des classes d'actifs. Concevoir des solutions aux performances stables reste pourtant possible.
Erfolg ohne Absturzrisiko - Derivate machen es möglichBCV
Investition in Risikoprämien
Selektion von für Investitionen zugänglichen Risikofaktoren mit attraktivem risikoadjustiertem Performanceprofil.
Die Finanzkrisen von 2001 und 2008 haben das Bewusstsein für die latente Instabilität der Kapitalmärkte und das Ausmass der damit verbundenen Risiken geschärft. Diese Risiken sind zwar sehr unterschiedlicher Natur, aufgrund ihrer starken Vernetzung neigen sie jedoch dazu, gleichzeitig aufzutreten, was die Schockwellen verstärkt. Als Folge kommt es in allen Anlagekategorien gleichzeitig zu heftigen Kursausschlägen, sodass die grosse Mehrheit der Anleger massive Verluste erleidet.
La crise financière de 2008 l’a montré: toutes les classes d’actifs subissent violemment la réalisation des risques systémiques. Deux grands types de protection émergent.
qCIO Global Macro Hedge Fund Strategy - March 2015BCV
The document discusses a quantitative global macro hedge fund strategy called qCIO that seeks to exploit temporary mispricings between asset classes and markets. It does this through five independent models covering different asset class pairs like stocks vs bonds, bonds vs cash, and currency pairs. The strategy aims to generate excess returns of 10-20% annually with volatility of 5-10% by taking long and short positions informed by quantitative analysis of signals across various asset classes and markets. Positions are implemented using futures, forwards, and options contracts.
qCIO Global Macro Hedge Fund Strategy - November 2014BCV
qCIO seeks to exploit evolving economic conditions and the temporary mispricings that result among individual geographies and asset classes, opportunistically adjusting our investment views in response to the changing patterns of risk and reward in the markets.
Le Temps - 20 Octobre 2014 - Eclairage psychologique d'un choix rationnelBCV
Eclairage psychologique d'un choix rationnel
> Comportement Les investisseurs s'intéressent toujours autant aux produits structurés dits d'optimisation de la performance, au premier
rang desquels figurent les Barrier Reverse Convertible (BRC). Une analyse rationnelle ne suffit cependant pas à expliquer cette préférence.
2014-10 Eclairage Psychologique d'Un Choix Rationnel - Sacha Duparc
Dans un contexte de taux
d'intérêt très bas et de risques de
crédit peu rémunérateurs, la
recherche de rendements attrayants
alliés à une protection
partielle du capital incite gérants
et investisseurs à s'intéresser aux
produits structurés dits d'optimisation
de la performance, au
premier rang desquels figurent
les Barrier Reverse Convertible
(BRC). Hors produits à effet de
levier, ces structurés représentent
à ce jour plus des deux tiers des
produits cotés à la SIX.
Au-delà du manque d'alternatives
d'investissement attractives,
la popularité de ces instruments
s'explique par des facteurs rationnels,
et d'autres qui le sont moins.
Au chapitre rationnel, les structurés
d'optimisation de la performance
sont recherchés par nombre
d'investisseurs afin
d'exploiter une des anomalies de
marché les plus persistantes, à
savoir la surévaluation historique
de la volatilité implicite par rapport
à la volatilité subséquemment
réalisée. Cette anomalie leur permet d'offrir une espérance
de rendement comparé au
risque encouru potentiellement
supérieure à un investissement
direct sur une stratégie ou un
sous-jacent donné. La préférence
pour ces structures s'inscrit donc
pleinement dans la théorie classique
de l'utilité espérée, qui est
généralement appliquée comme
modèle descriptif du comportement
économique et reconnue
comme modèle normatif du
choix rationnel.
Une analyse purement rationnelle
ne suffit cependant pas à
expliquer à elle seule cette préférence
marquée pour cette classe
de produits par rapport à l'ensemble
des solutions d'investissement
envisageables. Tenir compte
des biais psychologiques des
individus permet de compléter la
compréhension des décisions
prises dans un environnement à
la fois risqué et incertain. A ce
titre, les théories d'économie
comportementale décrivent la
façon dont les agents choisissent
entre les alternatives impliquant
des risques dont les probabilités
de résultats sont connues. En particulier, la théorie des perspectives,
issue des travaux de
recherche de Daniel Kahneman et
Amos Tvers4 à la fin des années
1970, travaux qui ont été récompensés
par un Prix Nobel d'économie,
décrit de multiples situations
de choix dans des contextes
risqués, où les préférences des
agents transgressent invariablement
les principes de la théorie
de l'utilité espérée. C'est donc à la
lumière de ces principes que nous
tentons d'expliquer les comportements
des investisseurs face aux
produits d'opt
Fundamental analysis & recommendations qms advisors flex index spi index - ...BCV
The document discusses fundamental analysis and analyst recommendations for the QMS Advisors FlexIndex SPI Top 100. It provides an overview of the Swiss Performance Index, which tracks stocks issued by Swiss companies traded on the Swiss stock exchange. It then lists key financial metrics and estimates for many large Swiss companies that are components of the index.
This document provides an overview and analysis of various Korean companies listed on the KOSPI 100 stock index. It includes key financial metrics such as market capitalization, revenue, earnings, debt levels, credit ratings, and analyst estimates for revenue and earnings growth for each company. The purpose is to analyze the fundamentals and financial health of these major Korean firms to inform investment recommendations.
Fundamental Equity Analysis - QMS Advisors HDAX FlexIndex 110BCV
This document provides an overview of analyst recommendations and fundamental analysis for various companies and market indices. It includes metrics such as market capitalization, revenue, earnings per share, price-to-earnings ratios, credit ratings, and revenue/earnings growth estimates for the past year and next few years. The metrics are presented in table format with estimates from analysts to aid in evaluating investment opportunities.
Fundamental Analysis & Recommendations - OEX Index - The Standard & Poor's 10...BCV
Fundamental Analysis & Recommendations - OEX Index - The Standard & Poor's 100 Index is a capitalization-weighted index based on 100 highly capitalized stocks selected from the S&P 500 index for which options are listed.
Fundamental analysis & recommendations spi index - the swiss performance in...BCV
The document discusses fundamental analysis and analyst recommendations for the QMS Advisors FlexIndex SPI Top 100. It provides an overview of the Swiss Performance Index, which tracks stocks issued by Swiss companies traded on the Swiss stock exchange. It then lists key financial metrics and estimates for many large Swiss companies that are components of the index.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
The Steadfast and Reliable Bull: Taurus Zodiac Signmy Pandit
Explore the steadfast and reliable nature of the Taurus Zodiac Sign. Discover the personality traits, key dates, and horoscope insights that define the determined and practical Taurus, and learn how their grounded nature makes them the anchor of the zodiac.
Presentation by Herman Kienhuis (Curiosity VC) on Investing in AI for ABS Alu...Herman Kienhuis
Presentation by Herman Kienhuis (Curiosity VC) on developments in AI, the venture capital investment landscape and Curiosity VC's approach to investing, at the alumni event of Amsterdam Business School (University of Amsterdam) on June 13, 2024 in Amsterdam.
The Most Inspiring Entrepreneurs to Follow in 2024.pdfthesiliconleaders
In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Cover Story - China's Investment Leader - Dr. Alyce SUmsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women MagazineCIOWomenMagazine
In this article, we will dive into the extraordinary life of Ellen Burstyn, where the curtains rise on a story that's far more attractive than any script.
Dive into this presentation and learn about the ways in which you can buy an engagement ring. This guide will help you choose the perfect engagement rings for women.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Final ank Satta Matka Dpbos Final ank Satta Matta Matka 143 Kalyan Matka Guessing Final Matka Final ank Today Matka 420 Satta Batta Satta 143 Kalyan Chart Main Bazar Chart vip Matka Guessing Dpboss 143 Guessing Kalyan night
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
Fundamental Analysis & Analyst Recommendations - China Railway
1. This material does not constitute investment advice and should not be
viewed as a current or past recommendation or a solicitation of an
offer to buy or sell any securities or to adopt any investment strategy.
Fundamental Analysis &
Analyst Recommendations
China Railway
March 2013
Q M S Advisors
. .
Q.M.S Advisors | Avenue de la Gare, 1 1003 Lausanne | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
5. 18.03.2013
MTR Corp Ltd
MTR Corporation Limited provides public transport services in Hong Kong. The Price/Volume
Company owns and operates the Mass Transit Railway. The Company also develops,
35 12.0 M
sells, and manages residential and commercial properties. In addition, MTR
30 10.0 M
leases commercial facilities and provides services along the Railway, such as
advertising, telecommunication facilities, and provides consultancy services. 25
8.0 M
20
6.0 M
Valuation Analysis 15
Latest Fiscal Year: 12/2011 4.0 M
10
LTM as of: 01/yy 5 2.0 M
52-Week High (26.10.2012) 30.30
0 .0 M
52-Week Low (24.11.2011) 23.60 m-11 a-11 m-11 j-11 j-11 a-11 s-11 o-11 n-11 d-11 j-12 f-12
Daily Volume 1'178'927.00
Current Price (11/dd/yy) 29.25 Market Data
52-Week High % Change -3.47% Dividend Yield 2.60
52-Week Low % Change 23.94% Beta 0.71
% 52 Week Price Range High/Low 88.06% Equity Float 1'354.88
Shares Out 08.11.2012 5'790.3 Short Int -
Market Capitalization 169'366.94 1 Yr Total Return 20.04%
Total Debt 34'046.00 YTD Return 19.56%
Preferred Stock 0.0 Adjusted BETA 0.707
Minority Interest 186.0 Analyst Recs 16
Cash and Equivalents 18'852.00 Consensus Rating 3.875
Enterprise Value 183'131.94 Average Daily Trading Volume
Relative Stock Price Performance Average Volume 5 Day 2'298'057
66 HK EQUITY YTD Change - Average Volume 30 Day 3'043'525
66 HK EQUITY YTD % CHANGE - Average Volume 3 Month 2'784'894
Fiscal Year Ended LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2007 31.12.2008 31.12.2009 31.12.2010 31.12.2011 01/yy 01/yy 12/12 Y 12/13 Y - -
Total Revenue 10'690 17'628 18'797 29'518 33'423 - - 35'478 37'169 - -
TEV/Revenue 18.17x 7.47x 9.63x 6.16x 4.90x - - 5.20x 5.01x - -
EBITDA 15'383.0 15'971.0 14'774.0 14'956.0 16'411.0 - - 13'657.2 14'192.9 - -
TEV/EBITDA 12.62x 8.25x 12.25x 12.16x 9.97x - - 13.41x 12.90x - -
Net Income 15'180.0 8'284.0 9'639.0 12'059.0 14'716.0 - - 9'023 9'187 - -
P/E 10.55x 12.22x 15.86x 13.48x 9.86x - - 18.73x 18.74x - -
Profitability S&P Issuer Ratings
EBITDA 19'648.00 Long-Term Rating Date 16.12.2010
EBIT 13'236.00 Long-Term Rating AAA
Operating Margin 39.60% Long-Term Outlook STABLE
Pretax Margin 52.86% Short-Term Rating Date 09.10.2009
Return on Assets 6.31% Short-Term Rating A-1+
Return on Common Equity 9.60% Credit Ratios
Return on Capital 8.13% EBITDA/Interest Exp. 16.52
Asset Turnover 0.17% (EBITDA-Capex)/Interest Exp. 8.08
Margin Analysis Net Debt/EBITDA 0.70
Gross Margin - Total Debt/EBITDA 1.93
EBITDA Margin 55.9% Reference
EBIT Margin 37.3% Total Debt/Equity 26.4%
Net Income Margin 44.0% Total Debt/Capital 20.9%
Structure Asset Turnover 0.17
Current Ratio 1.10 Net Fixed Asset Turnover 0.25
Quick Ratio 0.86 Accounts receivable turnover-days 34.23
Debt to Assets 17.21% Inventory Days -
Tot Debt to Common Equity 26.42% Accounts Payable Turnover Day -
Accounts Receivable Turnover 10.69 Cash Conversion Cycle -
Inventory Turnover -
Price/ Cash Flow Sales/Revenue/Turnover
40.00 40'000.0
35.00 35'000.0
30.00 30'000.0
25.00 25'000.0
20.00 20'000.0
15.00 15'000.0
10.00 10'000.0
5.00 5'000.0
0.00
0.0
02.01.2009 02.07.2009 02.01.2010 02.07.2010 02.01.2011 02.07.2011 02.01.2012 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
6. 18.03.2013
MTR Corp Ltd
Holdings By: All
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
FINANCIAL SECRETARY n/a Co File 4'434'552'207 76.66 - 31.12.2010 Government
EXCHANGE FUND n/a Co File 32'325'625 0.56 - 31.12.2010 n/a
BLACKROCK FUND ADVIS Multiple Portfolios MF-AGG 21'204'583 0.37 (27'500) 08.03.2012 Investment Advisor
ABERDEEN ASSET MANAG Multiple Portfolios MF-AGG 15'058'485 0.26 2'262'000 31.01.2012 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 13'992'587 0.24 336'500 31.12.2011 Investment Advisor
STATE STREET GLOBAL Multiple Portfolios MF-AGG 12'901'741 0.22 159'757 30.06.2011 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 10'772'105 0.19 361'500 09.03.2012 Investment Advisor
JP MORGAN ASSET MGMT Multiple Portfolios MF-AGG 6'781'500 0.12 - 14.01.2011 Mutual Fund Manager
GAM INTERNATIONAL MA Multiple Portfolios MF-AGG 5'509'337 0.1 (2'278'000) 31.01.2012 Investment Advisor
FIDELITY MANAGEMENT Multiple Portfolios MF-AGG 3'439'916 0.06 (2'708'500) 31.01.2012 Investment Advisor
NISSAY ASSET MANAGEM Multiple Portfolios MF-AGG 2'743'500 0.05 2'000 21.11.2011 Mutual Fund Manager
SWISSCANTO FONDSLEIT Multiple Portfolios MF-AGG 2'725'991 0.05 (60'000) 30.12.2011 Investment Advisor
NEW JERSEY DIVISION Multiple Portfolios MF-AGG 2'699'684 0.05 (1'351'882) 31.12.2011 Pension Fund (ERISA)
BLACKROCK GROUP LIMI Multiple Portfolios MF-AGG 2'200'093 0.04 (22'000) 08.03.2012 Investment Advisor
RBC GLOBAL ASSET MAN Multiple Portfolios MF-AGG 2'034'500 0.04 1'634'500 31.10.2011 Investment Advisor
HI ASSET MANAGEMENT Multiple Portfolios MF-AGG 1'590'000 0.03 - 30.09.2011 Mutual Fund Manager
SKANDIA GLOBAL FUNDS Multiple Portfolios MF-AGG 1'541'524 0.03 - 31.10.2011 Mutual Fund Manager
AXA ROSENBERG INTL Multiple Portfolios MF-AGG 1'400'500 0.02 662'500 30.09.2011 Investment Advisor
FRANK RUSSELL TRUST Multiple Portfolios MF-AGG 1'276'666 0.02 (82'106) 31.12.2011 Investment Advisor
AMUNDI LUXEMBOURG SA Multiple Portfolios MF-AGG 1'089'500 0.02 13'500 30.12.2011 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
EVA Dimensions TEAM COVERAGE buy 5 U #N/A N/A Not Provided 13.03.2012
Credit Suisse CUSSON LEUNG outperform 5 M 32 Not Provided 09.03.2012
CLSA Asia Pacific Markets DANIE SCHUTTE outperform 5 U 32 Not Provided 09.03.2012
AMTD Financial Planning Limited KENNY TANG SING HING buy 5 N 29 Not Provided 09.03.2012
Morgan Stanley PRAVEEN K CHOUDHARY Overwt/In-Line 5 M 31 12 month 08.03.2012
JPMorgan BENJAMIN LO neutral 3 M 25 9 month 08.03.2012
Jefferies JULIAN BU hold 3 M 27 12 month 08.03.2012
Citi MICHAEL BEER buy 5 M 31 Not Provided 08.03.2012
Daiwa Securities Capital Markets Co. JONAS KAN outperform 5 M 29 Not Provided 08.03.2012
Goldman Sachs SIMON CHEUNG neutral/neutral 3 M 29 12 month 27.02.2012
GuoSen Securities Co Ltd MICHAEL NG buy 5 N 30 12 month 20.02.2012
DBS Vickers JEFF YAU buy 5 M 31 12 month 27.01.2012
Deutsche Bank TONY TSANG not rated #N/A N/A M #N/A N/A Not Provided 01.03.2011
Credit Suisse FELIX RUSLI outperform 5 M 36 Not Provided 21.02.2011
Piper Jaffray HONGBO B LU neutral 3 M 33 12 month 11.08.2010
Kim Eng Securities IVAN CHEUNG hold 3 M 31 12 month 10.03.2010
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
7. 18.03.2013
CSR Corp Ltd
CSR Corp Ltd provides a wide range of rolling stock products and services. The Price/Volume
Company's products include locomotives, passenger carriages, freight wagons,
10 180.0 M
MUs, rapid transit vehicles and key related components. 9 160.0 M
8 140.0 M
7 120.0 M
6
100.0 M
5
Valuation Analysis 80.0 M
4
Latest Fiscal Year: 12/2011 3 60.0 M
2 40.0 M
LTM as of: 09/yy
1 20.0 M
52-Week High (12.11.2012) 6.86
0 .0 M
52-Week Low (09.01.2012) 4.05 m-11 a-11 m-11 j-11 j-11 a-11 s-11 o-11 n-11 d-11 j-12 f-12
Daily Volume 16'607'000.00
Current Price (11/dd/yy) 6.47 Market Data
52-Week High % Change -5.69% Dividend Yield 3.46
52-Week Low % Change 59.75% Beta 1.69
% 52 Week Price Range High/Low 97.86% Equity Float 1'842.31
Shares Out 30.09.2012 2'024.0 Short Int -
Market Capitalization 82'003.95 1 Yr Total Return 38.78%
Total Debt 27'040.77 YTD Return 51.29%
Preferred Stock 0.0 Adjusted BETA 1.689
Minority Interest 5'526.3 Analyst Recs 25
Cash and Equivalents 23'104.34 Consensus Rating 3.720
Enterprise Value 84'409.48 Average Daily Trading Volume
Relative Stock Price Performance Average Volume 5 Day 18'684'950
1766 HK EQUITY YTD Change - Average Volume 30 Day 19'683'830
1766 HK EQUITY YTD % CHANGE - Average Volume 3 Month 18'957'320
Fiscal Year Ended LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2007 31.12.2008 31.12.2009 31.12.2010 31.12.2011 12/yy 09/yy 12/12 Y 12/13 Y 12/12 Q4 03/13 Q1
Total Revenue 26'803.5 35'092.8 45'620.8 64'132.4 79'517.0 0.0 51'192.4 86'330.8 98'192.9 - -
TEV/Revenue - 1.37x 1.49x 1.55x 0.85x #DIV/0! 0.00x 0.76x 0.67x - -
EBITDA 1'691.7 2'788.2 3'293.5 4'943.7 7'310.0 0.0 1'091.3 7'528.4 8'642.6 - -
TEV/EBITDA - 17.27x 20.63x 20.10x 9.27x 0.00x 0.00x 11.21x 9.77x - -
Net Income 613.0 1'384.2 1'678.2 2'526.3 3'864.2 0.0 2'187.2 4'063.4 4'832.1 - -
P/E - 27.45x 40.07x 35.45x 13.28x 0.00x 0.00x 16.93x 14.64x - -
Profitability S&P Issuer Ratings
EBITDA 7'310.01 Long-Term Rating Date -
EBIT 5'772.40 Long-Term Rating -
Operating Margin 7.26% Long-Term Outlook -
Pretax Margin 6.84% Short-Term Rating Date -
Return on Assets 3.82% Short-Term Rating -
Return on Common Equity 14.54% Credit Ratios
Return on Capital 9.45% EBITDA/Interest Exp. 6.89
Asset Turnover 0.84% (EBITDA-Capex)/Interest Exp. 1.14
Margin Analysis Net Debt/EBITDA 1.48
Gross Margin 18.7% Total Debt/EBITDA 3.14
EBITDA Margin 9.0% Reference
EBIT Margin 6.9% Total Debt/Equity 119.9%
Net Income Margin 4.9% Total Debt/Capital 49.1%
Structure Asset Turnover 0.84
Current Ratio 1.07 Net Fixed Asset Turnover 3.32
Quick Ratio 0.69 Accounts receivable turnover-days 145.92
Debt to Assets 29.14% Inventory Days 102.50
Tot Debt to Common Equity 119.85% Accounts Payable Turnover Day 145.14
Accounts Receivable Turnover 2.51 Cash Conversion Cycle 60.45
Inventory Turnover 3.57
Price/ Cash Flow Sales/Revenue/Turnover
1.20 70'000.0
60'000.0
1.00
50'000.0
0.80
40'000.0
0.60 30'000.0
0.40 20'000.0
10'000.0
0.20
0.0
0.00 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
8. 18.03.2013
CSR Corp Ltd
Holdings By: All
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
JOHO PARTNERS LP n/a EXCH 302'079'370 14.92 - 06.03.2012 Hedge Fund Manager
DEUTSCHE BANK AG n/a EXCH 182'422'633 9.01 - 09.02.2012 Investment Advisor
SOCIAL SECURITY FUND n/a EXCH 181'210'000 8.95 - 23.12.2011 Pension Fund (ERISA)
DEUTSCHE BANK AG n/a Short (155'118'944) -7.66 - 29.02.2012 Investment Advisor
MORGAN STANLEY #N/A N/A EXCH 114'562'654 5.66 (3'557'400) 08.03.2012 Investment Advisor
MORGAN STANLEY n/a Short (114'008'368) -5.63 - 08.03.2012 Investment Advisor
WELLINGTON MANAGEMEN n/a EXCH 107'180'180 5.3 - 17.02.2012 Investment Advisor
BAILLIE GIFFORD AND n/a EXCH 101'793'000 5.03 - 17.08.2011 Investment Advisor
GE ASSET MANAGEMENT n/a EXCH 100'828'146 4.98 - 29.11.2010 Investment Advisor
JP MORGAN CHASE & CO n/a EXCH 98'439'911 4.86 - 01.02.2012 Investment Advisor
MAPS INVESTMENT MANA n/a EXCH 98'388'000 4.86 - 05.09.2011 Mutual Fund Manager
VANGUARD GROUP INC Multiple Portfolios MF-AGG 70'577'278 3.49 (302'000) 31.12.2011 Investment Advisor
MATTHEWS INTERNATION Multiple Portfolios MF-AGG 51'450'000 2.54 - 30.12.2011 Investment Advisor
GUARDIAN INVESTOR SE Multiple Portfolios MF-AGG 30'283'000 1.5 - 31.12.2011 Investment Advisor
JP MORGAN CHASE & CO n/a Short (29'769'114) -1.47 - 01.02.2012 Investment Advisor
SCHRODER INVESTMENT Multiple Portfolios MF-AGG 27'544'000 1.36 7'138'000 30.06.2011 Investment Advisor
MIRAE ASSET INVESTME Multiple Portfolios MF-AGG 25'599'000 1.26 (3'408'000) 30.09.2011 Investment Advisor
INVESCO LTD Multiple Portfolios MF-AGG 25'458'000 1.26 - 28.02.2011 Investment Advisor
JP MORGAN ASSET MGMT Multiple Portfolios MF-AGG 24'628'000 1.22 - 14.01.2011 Mutual Fund Manager
BLACKROCK FUND ADVIS Multiple Portfolios MF-AGG 19'251'000 0.95 19'000 08.03.2012 Investment Advisor
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Standard Chartered BEN HARTWRIGHT outperform 5 M 7 12 month 12.03.2012
Jefferies JULIAN BU underperform 1 M 4 12 month 12.03.2012
BNP Paribas Equity Research TINA LI buy 5 M 7 12 month 09.03.2012
Haitong International Securities ZHANG WEN XIAN buy 5 M 8 12 month 08.03.2012
HSBC ANDERSON CHOW overweight 5 M 7 Not Provided 06.03.2012
UOB Kay Hian MARK PO buy 5 M 7 Not Provided 05.03.2012
Macquarie SAIYI HE neutral 3 N 6 12 month 28.02.2012
Guotai Junan GARY WONG neutral 3 M 5 Not Provided 21.02.2012
Capital Securities Corp HAN WEIQI buy 5 M 7 Not Provided 20.02.2012
JPMorgan KAREN LI overweight 5 M 9 9 month 14.02.2012
Citi ZHEN NI sell 1 M 5 Not Provided 09.02.2012
Deutsche Bank PHYLLIS WANG buy 5 M 7 12 month 30.01.2012
SinoPac VIVIAN LIU buy 5 M 6 12 month 19.01.2012
EVA Dimensions TEAM COVERAGE sell 1 N #N/A N/A Not Provided 06.01.2012
Mizuho Securities OLE HUI neutral 3 M 5 12 month 05.01.2012
SWS Research Co Ltd TITUS WU neutral 3 M 5 Not Provided 05.01.2012
Morgan Stanley KEVIN LUO Equalwt/In-Line 3 D 6 12 month 07.12.2011
Daiwa Securities Capital Markets Co. EDWIN LEE hold 3 M 6 Not Provided 02.11.2011
DBS Vickers RACHEL MIU buy 5 U 6 12 month 31.10.2011
BOCOM International Holdings GEORGE YIN not rated #N/A N/A M #N/A N/A Not Provided 14.10.2011
Masterlink Securities STANLEY YAN hold 3 D 5 6 month 09.08.2011
Bank of China International XU MINLE buy 5 M 7 Not Provided 08.08.2011
Citic Securities Co., Ltd SIMON YEUNG not rated #N/A N/A M #N/A N/A Not Provided 06.05.2011
China International Capital Corp WU HUIMIN accumulate 4 M 10 12 month 25.04.2011
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
9. 18.03.2013
China Railway Group Ltd
China Railway Group Ltd. offers transportation systems construction services. Price/Volume
The Company builds railroads, roads, tunnels, and bridges.
6 300.0 M
5 250.0 M
4 200.0 M
3 150.0 M
Valuation Analysis
Latest Fiscal Year: 12/2011 2 100.0 M
LTM as of: 01/yy 1 50.0 M
52-Week High (12.11.2012) 4.41
0 .0 M
52-Week Low (25.11.2011) 2.20 m-11 a-11 m-11 j-11 j-11 a-11 s-11 o-11 n-11 d-11 j-12 f-12
Daily Volume 36'076'850.00
Current Price (11/dd/yy) 4.09 Market Data
52-Week High % Change -7.26% Dividend Yield 1.46
52-Week Low % Change 85.91% Beta 1.66
% 52 Week Price Range High/Low 98.64% Equity Float 4'207.39
Shares Out 30.09.2012 4'207.4 Short Int -
Market Capitalization 77'417.02 1 Yr Total Return 61.83%
Total Debt 130'576.00 YTD Return 71.15%
Preferred Stock 0.0 Adjusted BETA 1.656
Minority Interest 9'330.0 Analyst Recs 25
Cash and Equivalents 60'314.00 Consensus Rating 4.000
Enterprise Value 184'037.72 Average Daily Trading Volume
Relative Stock Price Performance Average Volume 5 Day 37'858'330
390 HK EQUITY YTD Change - Average Volume 30 Day 26'994'810
390 HK EQUITY YTD % CHANGE - Average Volume 3 Month 25'070'050
Fiscal Year Ended LTM-4Q LTM FY+1 FY+2 FQ+1 FQ+2
31.12.2007 31.12.2008 31.12.2009 31.12.2010 31.12.2011 01/yy 01/yy 12/12 Y 12/13 Y 12/12 Q4 03/13 Q1
Total Revenue 178'697.3 227'245.5 334'045.0 456'162.0 442'216.0 - - 457'078.5 491'024.4 - -
TEV/Revenue 1.11x 0.55x 0.43x 0.29x 0.30x - - 0.33x 0.32x - -
EBITDA 7'253.8 10'036.8 12'946.0 15'702.0 18'977.0 - - 19'813.3 21'702.4 - -
TEV/EBITDA 27.40x 12.52x 11.00x 8.38x 6.90x - - 9.29x 8.48x - -
Net Income 3'228.3 1'115.2 6'875.0 7'398.0 6'690.0 - - 6'754.9 7'526.1 - -
P/E 41.87x 94.59x 16.47x 13.71x 6.28x - - 10.40x 9.20x - -
Profitability S&P Issuer Ratings
EBITDA 18'977.00 Long-Term Rating Date -
EBIT 12'610.00 Long-Term Rating -
Operating Margin 2.85% Long-Term Outlook -
Pretax Margin 2.26% Short-Term Rating Date -
Return on Assets 1.41% Short-Term Rating -
Return on Common Equity 9.34% Credit Ratios
Return on Capital 5.01% EBITDA/Interest Exp. 2.99
Asset Turnover 0.90% (EBITDA-Capex)/Interest Exp. 1.67
Margin Analysis Net Debt/EBITDA 4.90
Gross Margin 7.3% Total Debt/EBITDA 7.68
EBITDA Margin 4.7% Reference
EBIT Margin 3.2% Total Debt/Equity 181.7%
Net Income Margin 1.5% Total Debt/Capital 61.7%
Structure Asset Turnover 0.90
Current Ratio 1.18 Net Fixed Asset Turnover 9.08
Quick Ratio 0.52 Accounts receivable turnover-days 84.04
Debt to Assets 27.87% Inventory Days 147.47
Tot Debt to Common Equity 181.74% Accounts Payable Turnover Day 133.94
Accounts Receivable Turnover 4.35 Cash Conversion Cycle 73.77
Inventory Turnover 2.48
Price/ Cash Flow Sales/Revenue/Turnover
100.00 500'000.0
90.00 450'000.0
80.00 400'000.0
70.00 350'000.0
60.00 300'000.0
50.00 250'000.0
40.00 200'000.0
30.00 150'000.0
20.00 100'000.0
10.00 50'000.0
0.00
0.0
04.01.2008 04.07.2008 04.01.2009 04.07.2009 04.01.2010 04.07.2010 04.01.2011 04.07.2011 04.01.2012 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |
10. 18.03.2013
China Railway Group Ltd
Holdings By: All
Holder Name Portfolio Name Source Amt Held % Out Latest Chg File Dt Inst Type
SOCIAL SECURITY FUND n/a Co File 382'490'000 9.09 - 31.12.2010 Pension Fund (ERISA)
JP MORGAN CHASE & CO n/a EXCH 209'008'317 4.97 (1'825'000) 31.03.2010 Investment Advisor
VANGUARD GROUP INC Multiple Portfolios MF-AGG 145'322'772 3.45 391'000 31.12.2011 Investment Advisor
BLACKROCK INC n/a EXCH 143'991'204 3.42 (165'723'000) 16.09.2011 Investment Advisor
LEHMAN BROTHERS FINA n/a Co File 123'652'010 2.94 - 31.12.2010 Unclassified
LEHMAN BROTHERS INTE n/a Short (67'870'550) -1.61 - 30.06.2010 Bank
FIDELITY MANAGEMENT Multiple Portfolios MF-AGG 63'986'884 1.52 2'187'090 31.01.2012 Investment Advisor
LEHMAN BROTHERS INTE n/a Co File 59'870'550 1.42 - 31.12.2010 Bank
BLACKROCK FUND ADVIS Multiple Portfolios MF-AGG 45'860'000 1.09 38'000 08.03.2012 Investment Advisor
JP MORGAN ASSET MGMT Multiple Portfolios MF-AGG 38'240'000 0.91 - 14.01.2011 Mutual Fund Manager
BANK OF NEW YORK MEL Multiple Portfolios MF-AGG 36'774'000 0.87 (3'004'000) 09.03.2012 Investment Advisor
LEHMAN BROTHERS HOLD n/a Short (26'551'000) -0.63 - 30.06.2010 Corporation
LEHMAN BROTHERS HOLD n/a Co File 26'551'000 0.63 - 31.12.2010 Corporation
BNP PARIBAS ASSET MG Multiple Portfolios MF-AGG 16'289'000 0.39 (1'205'000) 31.12.2011 Investment Advisor
BLACKROCK INC n/a Short (12'803'741) -0.3 5'014'000 16.09.2011 Investment Advisor
STATE STREET CORP Multiple Portfolios MF-AGG 8'824'000 0.21 - 12.03.2012 Investment Advisor
ROBECO INVESTOR SERV Multiple Portfolios MF-AGG 8'250'000 0.2 - 31.12.2011 Investment Advisor
PRINCIPAL LIFE INSUR PRINCIPAL LIFE INSUR Sch-D 8'238'000 0.2 8'238'000 30.09.2011 Insurance Company
UNITED SERVICES AUTO Multiple Portfolios MF-AGG 6'872'000 0.16 - 30.11.2011 Investment Advisor
NISSAY ASSET MANAGEM Multiple Portfolios MF-AGG 5'012'000 0.12 - 21.04.2011 Mutual Fund Manager
Firm Name Analyst Recommendation Weighting Change Target Price Date Date
Standard Chartered BEN HARTWRIGHT in-line 3 M 3 12 month 12.03.2012
Jefferies JULIAN BU underperform 1 M 2 12 month 12.03.2012
Morgan Stanley KEVIN LUO Underwt/Attractive 1 D 3 12 month 07.03.2012
Deutsche Bank PHYLLIS WANG hold 3 D 3 12 month 27.02.2012
SinoPac VIVIAN LIU neutral 3 M 3 12 month 23.02.2012
JPMorgan KAREN LI overweight 5 U 4 12 month 14.02.2012
EVA Dimensions TEAM COVERAGE sell 1 N #N/A N/A Not Provided 06.01.2012
HSBC ANDERSON CHOW underweight 1 M 2 Not Provided 30.12.2011
Masterlink Securities JAMES CHUNG hold 3 M 3 Not Provided 27.12.2011
Daiwa Securities Capital Markets Co. EDWIN LEE hold 3 M 3 Not Provided 22.12.2011
Citi ZHEN NI sell 1 D 2 Not Provided 03.11.2011
Credit Suisse INGRID WEI outperform 5 U 4 Not Provided 02.11.2011
Bank of China International LI PAN hold 3 M 3 Not Provided 31.10.2011
DBS Vickers RACHEL MIU hold 3 M 3 12 month 31.10.2011
Guotai Junan GARY WONG neutral 3 M 2 Not Provided 09.09.2011
Capital Securities Corp TEAM COVERAGE hold 3 M #N/A N/A Not Provided 31.08.2011
China International Capital Corp WU HUIMIN hold 3 M 5 12 month 03.05.2011
CCB International Securities Ltd ELIZA LIU neutral 3 M 8 Not Provided 10.12.2010
UOB Kay Hian MARK PO buy 5 M 7 Not Provided 06.09.2010
Citic Securities Co., Ltd TEAM COVERAGE buy 5 N #N/A N/A Not Provided 08.07.2010
Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: info@qmsadv.com |