M Foundation Auto Parts & Tires: Focus on Automotive CPV Growth and Expanding Non-automotive Businesses for AIDC We are OW on Toyoda Gosei (expanded use of airbags), Nifco (growing sales to China/Korea OEMs), NHK Spring (HDD suspension growth), GS Yuasa (ESS batteries), Toyo Tire (continuing growth of US WLTR). June 19, 2026 03:56 AM GMT Investor Presentation | Japan Auto Parts industry In-Line: We think the risk of earnings deteriorating due to high raw materials cost has subsided with signs that the situa ...

Kuraray (3405) | Japan June 19, 2026 04:04 AM GMT Management Briefing: Presentation on Mid-Term Growth Opportunities in Environmental Solutions Centered on Activated Carbon Pace of profitability improvement is slow, but we expect earnings growth over the longer term: The company held a management briefing on the morning of 19 June. Senior management from its US activated carbon subsidiary, Calgon Carbon (CC), outlined growth opportunities in the environmental solutions business, centered on activated carbon ...

June 19, 2026 04:00 AM GMT Prosus | Europe FY26: Preview into Results | What's Changed | | | | --- | --- | --- | | Prosus (PRX.AS) | From | To | | Price Target | €51.00 | €49.00 | | Prosus (PROSY.PK) | | | | Price Target | US$12.00 | US$11.10 | Following the letter to shareholders last month (here), we update our numbers. As announced, the company has hit the $7.3bn+ revenue and $1.1bn+ Ecommerce adj. EBITDA targets, excluding JET and La Centrale. We align our FY26 forecast to this guidance. We forecast rev ...

June 19, 2026 04:00 AM GMT Unite Group | Europe Tracking Advertised Pricing We publish our tracker of Unite's advertised room prices and summarise the latest UK market data. Key Takeaways Room pricing on average 1% below December levels. We are tracking a sample based on Unite's portfolio exposure in terms of city and room type. Rent prices have not shown much fluctuation since Mid-December, when early bird booking season was finished. This is in line with previous years' market data, showing price stabilit ...

June 19, 2026 04:07 AM GMT Investor Presentation | Asia Pacific M Foundation S. Korea Strategy and Industrials Morgan Stanley & Co. International plc, Seoul Branch+ Joon Seok Equity Analyst Joon.Seok@morganstanley.com +82 2 399-4934 Heewon Choi Equity Analyst Heewon.Choi@morganstanley.com +82 2 399-4836 Minseo Kang Research Associate Minseo.Kang@morganstanley.com +82 2 399-4816 Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aw ...

June 19, 2026 04:01 AM GMT Podcast | North America Under The Radar Ep. 340 | ONTO, EBAY, ETSY, NAVN EBAY & ETSY: EBAY and ETSY in the Agentic Era: Underappreciated Advantages? (June 11, 2026) Navan Inc: F1Q27 Results – Is Navan the Next Samsara? (June 11, 2026) Shane Brett initiates coverage on ONTO at OW with a $371 PT. Nathan Feather highlights EBAY and ETSY as he believes agentic commerce is set to be a paradigm shift for eCommerce. Chris Quintero notes Navan's quarter was strong enough to validate the b ...

Outlook for Oil, Inflation, Growth and Rates, and how this affects Real Estate We were joined by Martijn Rats, Global Commodities Strategist, Bruna Skarica, UK Chief Economist, and Mat Oakley, Head of Commercial Research at Savills. Together, we looked at energy and macro, and how that translates into real estate. This session was popular so we thought we'd make it available to a wider audience. Mat Oakley is Head of UK and European Commercial Property Research at Savills. He is not a member of Morgan Stanl ...

KDCREIT still expects positive rent reversions, though momentum could normalise over the next 1-2 years, after prior renewals of larger colo leases drove outsized uplifts (1Q26:+51%). SGP 1 a likely medium-term catalyst: An ageing, under-utilised (30% of space used for non-DC purposes) asset, this could be a potentially transformational AEI targeting hyperscaler/AI demand, especially with a freshly extended land lease (30Y). No specifics here, though KDCREIT will likely undertake the AEI on its own. KDCREIT ...

Australia Most Read 19 June 2026 Asia Pacific Equity Research In case you missed it, Aussie Most Read Publications: 9 Jun to 15 Jun 2026 Steadfast Group LTD (Siddharth Parameswaran) (SDF AU, NR) Takeover offer Steadfast (SDF): Non-binding takeover approach from Amwins/Dragoneer consortium at A$6.00/share cash. Board intends to unanimously recommend. What happened? Steadfast has announced it has received a conditional, non-binding and indicative offer from Amwins Group and Dragoneer Investment Group, to acqu ...

Ac t i o n | 19 Jun 2026 00:00:00 ET │ 18 pages PUMA SE (PUMG.DE) We revisit gross margin analysis and summarize investor feedback post our recent upgrade to Buy CITI'S TAKE Updating to reflect further analysis following investor meetings on our PUM upgrade. Conversations with investors focused on three areas: (1) Feasibility of our China growth assumptions; (2) Upside risk to our FY26e gross margin forecast from clearance activity; (3) Concern around the potential for PUM to undertake a dilutive equity rai ...