Solid 4Q and Guidance for KDDI; Potential Rakuten Entry Will Continue to Overhang
KDDI’s fourth-quarter fiscal 2017 result (quarter ending March 2018) was broadly in line with our estimates and its fiscal 2018 guidance for operating income growth of 5.9% and 11% growth in dividend to JPY 100 per share was also in line. We leave our fair value estimate of JPY 3,700 unchanged the ADR fair value estimate rising to USD 17 from USD 16 per ADR on a stronger Japanese yen since our last update. At our fair value, KDDI would trade on a price/earnings ratio of 14.7 times with a 2.7% di...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company 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 approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 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 and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.