Edison Investment Research - Pan Asia Footwear PCL (PAF) Update: Four cylinders firing at once

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Edison Investment Research

Update: Four cylinders firing at once

On 8 February, Pan African (PAF) updated its earnings guidance for H115, which had been in existence since 26 November. Ostensibly to reflect the material changes in forex rates since early December (eg ZAR/GBP -7.8%, ZAR/USD -13.2% & GBP/USD -4.8%), the update nevertheless also provided production guidance for PAFâ€™s major operating units, indicating production 5.5% ahead of our expectations and thus resulting in an earnings upgrade for both H116 and FY16.

11/02/2016 7 EN

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Pan Asia Footwear PCL

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TH0112A10Z08 Stock Exchange of Thailand Thailand

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: Four cylinders firing at once

Pan Asia Footwear Plc: 1 director

Ford Equity International Rating and Forecast Report

Update: Firing on four cylinders

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

AAC Clyde Space - Solid start to the year with further order growth

Tinexta - Typical seasonality in Q124

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