Report
Brian Han
EUR 147.86 For Business Accounts Only

Media Stocks to Feel the Chill Winds of Brexit

Britain has voted to leave the European Union. The economic and market implications are likely to be far-ranging. What we do know is that, in times of risk-averse behaviour, cyclical sectors tend to be hardest hit. Media is one such sector given its dependence on advertising and marketing--two activities likely to take a back seat as corporate confidence and economic activity suffer.
In direct earnings terms, Brexit has little impact on Australian and New Zealand media companies under our cover...
Underlying
Ten Network Holdings Ltd.

Ten Network Holdings is an Australian entertainment and news content company. Co.'s principal activity is the investment in The Ten Group Pty Limited and controlled entities, whose principal activities are the operation of commmercial television licenses in Sydney, Melbourne, Brisbane, Adelaide and Perth, and a national online media platform.

Provider
Morningstar
Morningstar

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.

Analysts
Brian Han

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