Insight Investment Research LLP

Insight Investment Research is a top ranked sell side boutique dedicated to Global Infrastructure equity research. We leverage extensive equity research experience, industry knowledge and strong corporate relationships to produce differentiated independent research and provide new insights on infrastructure stocks (toll roads, airports, telecom towers) and the industry to global institutional investors.

We provide clients with timely, concise and in depth reports based on detailed company and industry models. Coverage includes twenty five stocks across the Infrastructure sector across Europe, South America and Asia Pacific. We are expanding our integrated global coverage in a sector almost exclusively covered by regional analysts.

Why Insight?

Members research

Flagship reports
  • Getlink: More positive on new hi-speed routes, TP up to €27.6
    17 Feb 2020

    We are more positive on new hi-speed rail routes given the Eurostar-Thalys merger proposed in Sept 2019, direct Amsterdam-London Eurostar services from 30 April 2020 and UK government approval for HS2. We forecast passengers from new routes to increase from 0.58m in 2019 to 9.1m in 2032E, driven by London-Amsterdam and the launch of Frankfurt/ Cologne, Geneva and Birmingham to Europe with HS2, now fully included in our TP, we raise to €27.6.
  • Ferrovial: Willingness to Pay suggests 407 tolls could rise 2-3x
    30 Jan 2020

    407-ETR’s new tolls for 2020 have greater segmentation and focus on yield. Our Willingness to Pay analysis suggests tolls could rise up to 2-3x, if LV.s pay tolls to save an hour (Cost of Time Saving) up to their Value of Time (hourly household income). We raise our 407- ETR av. toll increases from 8% pa to 10% pa in 2020-25E based on our heatmap of time savings.
  • PINFRA: Highest quality EM toll road in our global universe
    15 Nov 2019

    PINFRA generates high FCF from quality, long duration, well diversified assets, 39% covered by globally unique IRR guarantees. We believe the shares over discount weak disclosure and uncertainty over capital allocation, notably its net cash, which should either be distributed as per our model or invested in new projects, likely value accretive to our SOTP.
Latest reports

Why Insight? 

We understand our clients needs, produce research product to achieve them, do what we say we will do, have fun and play to win. 

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Our approach

A niche non traditional sector requires a specialist solution. We concentrate on thoughtful, thorough, insightful analysis not maintenance research and challenge market views. 

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