I respectfully disagree Nano.
IMO I would dismiss it. I've quite often found MS's reports to be questionable or wrong. I personally dont hold them in high regard.
Example: Google - Morgan Stanley Lithium.
There views on Lithium have been wrong and will continue to be wrong as the next 12-24 months unfold. There are plenty of articles challenging MS's report on Lithium.
And they regularly have to admit to being wrong. Few examples:
2018 - Apple, US Bond yields, Lithium
2017 - stated that EV vehicles will takeover (then a yr later claimed lithium going down - doesnt make sense)
- Gave $70m bad tax advice blunder
2016 - Valeant Pharma
2015 - Energy stocks and Tesla
2014 - Qantas
Plus they aren't independent at all. Google: 18-247MR ASIC requires Morgan Stanley
IMHO. DYOR.
Fifty One Capital updated report, page-54
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