Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Douglas Research Advisory

Equity Bottom-Up

<ul>
<li><em><strong>FnGuide Inc (064850 KS) reported its best ever earnings in 1Q 2026. The company's outstanding results in 1Q 2026 suggest a re-rating of the company is certainly in the works.</strong></em></li>
<li>It generated sales of 11.5 billion won (up 16.5% YoY) and operating profit of 4.7 billion won (up 123.9% YoY) in 1Q 2026.</li>
<li>The index business had its best ever results with its sales surging by 184.3% YoY to 5.4 billion won in 1Q 2026.</li>
</ul>


FnGuide Inc (064850 KS) reported its best ever earnings in 1Q 2026. The company's outstanding results in 1Q 2026 suggest a re-rating of the company is certainly in the works.
It generated sales of 11.5 billion won (up 16.5% YoY) and operating profit of 4.7 billion won (up 123.9% YoY) in 1Q 2026.
The index business had its best ever results with its sales surging by 184.3% YoY to 5.4 billion won in 1Q 2026.


FnGuide: Best Ever Earnings in 1Q 2026 and A Comparison to Morningstar and Factset

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.

Factset Research Systems Inc / Equity Bottom-Up

<ul><li>FactSet Research Systems Inc. reported second quarter fiscal 2026 results demonstrating continued acceleration in organic annual subscription value (ASV) growth, which increased 6.7% year-over-year to $2.45 billion.</li><li>This marks the fourth consecutive quarter of acceleration across all geographies and client segments, supported by expansions, new business wins, and pricing actions.</li><li>Geographic growth was balanced with the Americas growing 7%, EMEA 4%, and Asia Pacific 10%.</li></ul>

FactSet Research Systems Inc. reported second quarter fiscal 2026 results demonstrating continued acceleration in organic annual subscription value (ASV) growth, which increased 6.7% year-over-year to $2.45 billion.This marks the fourth consecutive quarter of acceleration across all geographies and client segments, supported by expansions, new business wins, and pricing actions.Geographic growth was balanced with the Americas growing 7%, EMEA 4%, and Asia Pacific 10%.

FactSet: A 6.7% ASV Growth Reality Check On Momentum!

<ul><li>FactSet Research Systems Inc. reported its first-quarter results for fiscal 2026, highlighting some key financial and operational metrics.</li><li>The company demonstrated positive momentum with strong growth in Annual Subscription Value (ASV), along with healthy operating margins.</li><li>However, there were some notable challenges across regions and firm types which provide a comprehensive view of the company's current situation.</li></ul>

FactSet Research Systems Inc. reported its first-quarter results for fiscal 2026, highlighting some key financial and operational metrics.The company demonstrated positive momentum with strong growth in Annual Subscription Value (ASV), along with healthy operating margins.However, there were some notable challenges across regions and firm types which provide a comprehensive view of the company's current situation.

FactSet Is Going All-In on AI — The Powerful Product Shift That’s Reshaping Client Renewals!

Japanese Turnaround Situations, Short-Ideas, Azabu Research

Michael Allen

Japanese Turnaround Situations, Short-Ideas

Azabu Research

Azabu Research is a publishing and consulting firm focused on distressed equities in the Japanese market. We specialize in turnaround strategies, corporate combinations, divestitures, and restructuring.

Publisher of the Tokyo Turnaround Letter, which conducts the most thorough research possible of publicly available information, including forensic tests for fraudulent overstatement of assets and understatement of liabilities, as well as rigorous market and industry analysis to assess the underlying strengths of the company’s products or services, the appropriateness of the company’s turnaround strategy, and the skill of its current management team. The average length of a report exceeds 25 pages of text and tables, excluding any disclosures or executive summaries.

We have more than 30 years of experience in applying this process to distressed equities in Japan. Additionally, subscribers have free access to detailed, yet easily navigated earnings models for the target company as well as the top five comparable companies, and unlimited access to the analyst for follow-up questions.

Azabu Research also conducts be-spoke research on a project basis, and provides consulting services to companies looking to restructure, divest, make acquisitions, go public, or improve investor sentiment toward their stock.

Independent Research and Consulting Firm

Thematic (Sector/Industry)

<ul>
<li>Fear of obsolescence driven by new AI apps caused a near U.S. $300bn collapse in software and financial services, but for users, nothing changed.</li>
<li>Claude’s demo model looked clever but was slow, shallow, and easily replicable with free data—failing real analyst needs for depth, speed, and insight.</li>
<li>FactSet’s APIs enable fast, complex, customizable models that AI tools cannot yet match in speed, reliability, scale, or workflow integration.</li>
</ul>


Fear of obsolescence driven by new AI apps caused a near U.S. $300bn collapse in software and financial services, but for users, nothing changed.
Claude’s demo model looked clever but was slow, shallow, and easily replicable with free data—failing real analyst needs for depth, speed, and insight.
FactSet’s APIs enable fast, complex, customizable models that AI tools cannot yet match in speed, reliability, scale, or workflow integration.


FactSet (FDS-US) And the 2026 Near Death Experience of Data Vendors

Selected Quarterly & Annual Newsletters from Funds, Fund Newsletters

Fund Newsletters

Selected Quarterly & Annual Newsletters from Funds

<ul>
<li>Baron is an asset management firm focused on delivering growth equity investment solutions known for long-term, fundamental, active approach to growth investing.</li>
<li>We expect additional, substantial appreciation for Tesla and SpaceX.</li>
<li>84.3% of our assets are NOT invested in Tesla and SpaceX, but rather are invested in other exceptionally attractive growth companies.</li>
<li>We have always believed that any recessions or declines in the value of our growth business holdings would not be long-lasting.</li>
<li>Think long term about everything, guard your reputation zealously, make sure your balance sheet is as close to impregnable as possible.</li>
</ul>


Baron is an asset management firm focused on delivering growth equity investment solutions known for long-term, fundamental, active approach to growth investing.
We expect additional, substantial appreciation for Tesla and SpaceX.
84.3% of our assets are NOT invested in Tesla and SpaceX, but rather are invested in other exceptionally attractive growth companies.
We have always believed that any recessions or declines in the value of our growth business holdings would not be long-lasting.
Think long term about everything, guard your reputation zealously, make sure your balance sheet is as close to impregnable as possible.


Baron Funds Q3 2022 Report - Letter From Ron

United States

FactSet Research Systems Inc. supplies global economic and financial data to analysts, investment bankers, and other financial professionals.  The Company combines databases from multiple suppliers into a single online source of information and analytics, including fundamental data.

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Factset Research Systems Inc (FDS US)

FnGuide: Best Ever Earnings in 1Q 2026 and A Comparison to Morningstar and Factset

FnGuide Inc (064850 KS) reported its best ever earnings in 1Q 2026. The company's outstanding results in 1Q 2026 suggest a re-rating of the company...

Douglas Kim

FactSet: A 6.7% ASV Growth Reality Check On Momentum!

FactSet Research Systems Inc. reported second quarter fiscal 2026 results demonstrating continued acceleration in organic annual subscription...

Baptista Research

FactSet Is Going All-In on AI — The Powerful Product Shift That’s Reshaping Client Renewals!

FactSet Research Systems Inc. reported its first-quarter results for fiscal 2026, highlighting some key financial and operational metrics. The...

Baptista Research

FactSet (FDS-US) And the 2026 Near Death Experience of Data Vendors

Fear of obsolescence from new AI apps led to a $300bn collapse in software and financial services, but Claude's model can't match FactSet's APIs...

Michael Allen

Baron Funds Q3 2022 Report - Letter From Ron

Baron is an asset management firm focused on delivering growth equity investment solutions known for long-term, fundamental, active approach to...

Fund Newsletters

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

FnGuide: Best Ever Earnings in 1Q 2026 and A Comparison to Morningstar and Factset

FnGuide Inc (064850 KS) reported its best ever earnings in 1Q 2026. The company's outstanding results in 1Q 2026 suggest a re-rating of the company...

Douglas Kim

FactSet: A 6.7% ASV Growth Reality Check On Momentum!

FactSet Research Systems Inc. reported second quarter fiscal 2026 results demonstrating continued acceleration in organic annual subscription...

Baptista Research

FactSet Is Going All-In on AI — The Powerful Product Shift That’s Reshaping Client Renewals!

FactSet Research Systems Inc. reported its first-quarter results for fiscal 2026, highlighting some key financial and operational metrics. The...

Baptista Research

FactSet (FDS-US) And the 2026 Near Death Experience of Data Vendors

​Fear of obsolescence from new AI apps led to a $300bn collapse in software and financial services, but Claude's model can't match FactSet's APIs...

Michael Allen

Baron Funds Q3 2022 Report - Letter From Ron

Baron is an asset management firm focused on delivering growth equity investment solutions known for long-term, fundamental, active approach to...

Fund Newsletters

Fear of obsolescence from new AI apps led to a $300bn collapse in software and financial services, but Claude's model can't match FactSet's APIs...