Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

Macroeconomics

Weakness in industrial production growth in May was seen across most major sectors and economies, which clearly shows that the Euro Zone industry is struggling to gain momentum which poses a risk to our GDP outlook of 1.3% for 2016 (lowered from 1.6% after the Brexit vote).Industrial Production (IPI) in the Eurozone slowed to 0.6% y-o-y in May 2016 after having recorded a growth of 2.1% y-o-y in April 2016 on a seasonally and working day adjusted (swda) basis. On a 3 month moving average (3mma)…

Weakness in industrial production growth in May was seen across most major sectors and economies, which clearly shows that the Euro Zone industry is struggling to gain momentum which poses a risk to our GDP outlook of 1.3% for 2016 (lowered from 1.6% after the Brexit vote).Industrial Production (IPI) in the Eurozone slowed to 0.6% y-o-y in May 2016 after having recorded a growth of 2.1% y-o-y in April 2016 on a seasonally and working day adjusted (swda) basis. On a 3 month moving average (3mma)…

EUROZONE: Industrial Production GROWTh Slows ACROSS SECTORS AND COUNTRIES

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

Thematic (Sector/Industry)

A Diesel Dilemma. Our Take on Diesel Passenger VehiclesDiesel engine powertrains have come under heightened scrutiny with the revelation of Volkswagen's U.S. emission test cheating.Some pundits have opined an early demise to the technology. However, automakers have invested heavily in diesel capacity, especially in Europe.Analyst: Richard Hilgert

A Diesel Dilemma. Our Take on Diesel Passenger VehiclesDiesel engine powertrains have come under heightened scrutiny with the revelation of Volkswagen's U.S. emission test cheating.Some pundits have opined an early demise to the technology. However, automakers have invested heavily in diesel capacity, especially in Europe.Analyst: Richard Hilgert 

Our Is the Demise of the Diesel Imminent or Exaggerated?

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li>Prosperous Industrial Holdings (1731 HK) is a Hong Kong listed contract manufacturer specializing in the design, development, and production of bags and lifestyle accessories for global brands.</li>
<li>The company's operating margins have improved significantly in the past five years. Operating margin increased from 1.6% in 2021 to 6.2% in 2023, 11.75% in 2024, and 10.9% in TTM. </li>
<li>It is trading at P/E of 4.3x, P/B of 0.6x, and EV/EBITDA of 0.7x. It also has high dividend yield of 9.3%. Net cash is 79% of its market cap. </li>
</ul>


Prosperous Industrial Holdings (1731 HK) is a Hong Kong listed contract manufacturer specializing in the design, development, and production of bags and lifestyle accessories for global brands.
The company's operating margins have improved significantly in the past five years. Operating margin increased from 1.6% in 2021 to 6.2% in 2023, 11.75% in 2024, and 10.9% in TTM. 
It is trading at P/E of 4.3x, P/B of 0.6x, and EV/EBITDA of 0.7x. It also has high dividend yield of 9.3%. Net cash is 79% of its market cap. 


Asian Dividend Gems: Prosperous Industrial Holdings

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul>
<li>Adidas AG, a global leader in the sporting goods industry, has reported strong financial performance for the second quarter of 2025.</li>
<li>The company recorded a robust 12% growth in its Adidas brand sales, adjusted for currency fluctuations, bolstered by strategic brand initiatives and market expansion.</li>
<li>The company's top-line growth was accompanied by a significant improvement in its gross margin, which increased by 90 basis points to 51.7%.</li>
</ul>


Adidas AG, a global leader in the sporting goods industry, has reported strong financial performance for the second quarter of 2025.
The company recorded a robust 12% growth in its Adidas brand sales, adjusted for currency fluctuations, bolstered by strategic brand initiatives and market expansion.
The company's top-line growth was accompanied by a significant improvement in its gross margin, which increased by 90 basis points to 51.7%.


Adidas Targets China for Explosive Growth—Will Localized Strategy Deliver Big Wins?

Overseas Chinese Equities, Aequitas Research

Ming Lu

Overseas Chinese Equities

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

<ul>
<li>Anta expects “other brands” revenue will increase by “60-65%” YoY in 1H25.</li>
<li>We believe Anta finished the consolidation of Jack Wolfskin within June.</li>
<li>We conclude the stock will have an upside of 28% for the next twelve months.</li>
</ul>


Anta expects “other brands” revenue will increase by “60-65%” YoY in 1H25.
We believe Anta finished the consolidation of Jack Wolfskin within June.
We conclude the stock will have an upside of 28% for the next twelve months.


Anta (2020 HK): Company Estimates Higher Growth Due to Acquisition

Germany

adidas AG manufactures sports shoes and sports equipment. The Company produces products that include footwear, sports apparel, and golf clubs and balls. adidas sells its products worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

adidas (ADS GR)

EUROZONE: Industrial Production GROWTh Slows ACROSS SECTORS AND COUNTRIES

Weakness in industrial production growth in May was seen across most major sectors and economies, which clearly shows that the Euro Zone industry...

Rajan Govil

Our Is the Demise of the Diesel Imminent or Exaggerated?

A Diesel Dilemma. Our Take on Diesel Passenger VehiclesDiesel engine powertrains have come under heightened scrutiny with the revelation of...

Morningstar, Inc.

Asian Dividend Gems: Prosperous Industrial Holdings

Prosperous Industrial Holdings (1731 HK) is trading at P/E of 4.3x, P/B of 0.6x, and EV/EBITDA of 0.7x. It also has high dividend yield of 9.3%....

Douglas Kim

Adidas Targets China for Explosive Growth—Will Localized Strategy Deliver Big Wins?

The company's top-line growth was accompanied by a significant improvement in its gross margin, which increased by 90 basis points to 51.7%.

Baptista Research

Anta (2020 HK): Company Estimates Higher Growth Due to Acquisition

Anta expects “other brands” revenue will increase by “60-65%” YoY in 1H25. We believe Anta finished the consolidation of Jack Wolfskin.

Ming Lu

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)