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Brookfield Asset Management Inc.
BAM.NISIN: CA1125851040SEDOL: 2092555 |
Rating: HOLD |
Target Price: 16.10 USD |
Investment Horizon: 6 to 24 months |
Company News Alert
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Brookfield Asset Management Inc.’s (BAM) NYSE common stock price has appreciated significantly since our 3Q 08 update report, reflecting positive investor reaction to the company’s announcement that it intends to raise capital by selling US$1 bn in debt and preference shares. Moreover, the company announced it has acquired a 75% stake in Norbord Inc....
3Q 08 Update Report
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Brookfield Asset Management (BAM) reported an 8.2% y-o-y decline in Assets under Management (AUM) in 3Q 08, primarily reflecting declines in commercial property and advisory services AUM. Despite this, the company recorded healthy growth in top-line and marginal growth in bottom-line. Going forward, we expect cash flows from commercial property to decline due to ongoing deterioration in the market led by higher vacancy…
3Q 08 News Alert
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Brookfield Asset Management Inc. (BAM) reported relatively healthy results in 3Q 08. Although top-line was marginally below our estimate, bottom-line was above, primarily as provision income related to the revaluation of various contracts and debentures exceeded expectation. Although we remain concerned by the impact of financial market volatility and economic conditions in its areas…
Company News Alert
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The Brookfield Asset Management Inc. (BAM) common stock price has declined significantly since our initiation report, reflecting investor concerns over economic conditions in Canada, the US slowdown and the global credit crunch....
Initiation Report
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Brookfield Asset Management (BAM), a global asset management company which invests in property, power and infrastructure, had a market capitalization of over US$18 bn and approximately US$95 bn of Assets Under Management (AUM) as on 30 June 2008. As of 2Q 08, property and specialty funds accounted for over 75% of the total AUM. In 2Q 08, BAM’s total AUM rose, driven by growth in most of its operating assets classes....
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