Kaneka has record profits in sight for the first time since FY05, but the share price doesn’t reflect it. This puts valuations at levels which are very low, even conceding a conglomerate discount. Biodegradable plastic Green Planet, growing medical devices, bio-CDMO services and new solar cells should all contribute to a positive medium-term outlook.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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