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.

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Equity Bottom-Up

<ul><li>We lower our earnings forecast and fair value estimate on Keppel Corp as we scale back our expectations on the company's offshore and marine, or O&amp;M, segment activities amid project deferments which are likely to weigh on margins.</li><li>The company's nine months net profit and revenue declined 3% year on year and 17% year on year, respectively, to SGD 1.12 billion and SGD 7.8 billion.</li></ul><p><em>Analyst: John Hu</em></p>

We lower our earnings forecast and fair value estimate on Keppel Corp as we scale back our expectations on the company's offshore and marine, or O&amp;M, segment activities amid project deferments which are likely to weigh on margins.The company's nine months net profit and revenue declined 3% year on year and 17% year on year, respectively, to SGD 1.12 billion and SGD 7.8 billion.Analyst: John Hu

This quality rig builder has pricing power, but low-cost competitors are gaining traction.