We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
IHS Markit Inks MoC with Hundsun for Bookbuilding Solutions
Read MoreHide Full Article
IHS Markit Ltd. announced yesterday that it has inscribed a memorandum of collaboration (MoC) with Hundsun Technologies, a leading provider for Fintech solution in China.
Hundsun provides a range of technologies to support brokerage and trading, middle and back office as well as trustee operations.
The duo intends to jointly develop bookbuilding solutions for bond syndication in mainland China.
Putting Ipreo to Good Use
IHS Markit closed Ipreo acquisition in August 2018 and it seems to be wasting no time in putting it to good use. The collaboration will see Hundsun using Ipreo's electronic bookbuilding technology, which will develop a China bond market-tailored underwriting and issue net, connect Chinese investment bank and institutional investors to the global issue net and support overseas direct investment.
Shares of IHS Markit have moved up 6.2% in a year’s time compared with the industry’s rise of 2.7%.
The Bigger Picture
It seems that through the collaboration, IHS Markit is trying to tap into China’s potentially massive bond market, the third largest in the world. Hundsun stated in a press release that issue size of all kind of bonds in China surpassed $6.4 trillion (RMB 43 trillion) in 2018 and foreign inflows to the bond market reached about $100 billion (RMB 673.7 billion).
The move is likely to benefit IHS Markit’s Financial Services segment that performed well in the last reported quarter. Revenues in the segment totaled $408.8 million, up 27% on a year-over-year basis and recurring revenues rose 7% organically.
The long-term expected earnings per share (three to five years) growth rate for General Finance, Omnicom and Paychex is 11%, 6.9% and 8.8%, respectively.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
IHS Markit Inks MoC with Hundsun for Bookbuilding Solutions
IHS Markit Ltd. announced yesterday that it has inscribed a memorandum of collaboration (MoC) with Hundsun Technologies, a leading provider for Fintech solution in China.
Hundsun provides a range of technologies to support brokerage and trading, middle and back office as well as trustee operations.
The duo intends to jointly develop bookbuilding solutions for bond syndication in mainland China.
Putting Ipreo to Good Use
IHS Markit closed Ipreo acquisition in August 2018 and it seems to be wasting no time in putting it to good use. The collaboration will see Hundsun using Ipreo's electronic bookbuilding technology, which will develop a China bond market-tailored underwriting and issue net, connect Chinese investment bank and institutional investors to the global issue net and support overseas direct investment.
Shares of IHS Markit have moved up 6.2% in a year’s time compared with the industry’s rise of 2.7%.
The Bigger Picture
It seems that through the collaboration, IHS Markit is trying to tap into China’s potentially massive bond market, the third largest in the world. Hundsun stated in a press release that issue size of all kind of bonds in China surpassed $6.4 trillion (RMB 43 trillion) in 2018 and foreign inflows to the bond market reached about $100 billion (RMB 673.7 billion).
The move is likely to benefit IHS Markit’s Financial Services segment that performed well in the last reported quarter. Revenues in the segment totaled $408.8 million, up 27% on a year-over-year basis and recurring revenues rose 7% organically.
Zacks Rank & Stocks to Consider
Currently, IHS Markit carries a Zacks Rank #3 (Hold). A few better-ranked stocks in the broader Business Services sector are General Finance Corporation , Omnicom Group Inc. (OMC - Free Report) and Paychex, Inc. (PAYX - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The long-term expected earnings per share (three to five years) growth rate for General Finance, Omnicom and Paychex is 11%, 6.9% and 8.8%, respectively.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>