GREATER CHINA Strategy Alpha Picks: June Conviction Call Adding KE Holdings and Wharf REIC to our BUY list; hedging with SELL call on BYD. Sector Shipping and Ports – China Further strengthened freight rates raising container shipping earnings outlook. Upgrade OOIL to HOLD; Maintain BUY on CSP and CMP, and HOLD on CSH. Update KE Holdings Inc (2423 HK/BUY/HK$45.00/Target: HK$55.00) ...
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....
Central Retail Corp (CRC TB) is looking to raise up to US$2.4bn through selling a mix of primary and secondary shares. We have previously covered the IPO in, Central Retail Corp IPO - Thailand Operations Weighed Down Vietnam Food’s Stellar Performance We value CRC by sum of the parts, subtracting post-IPO net debt and non-controlling interest, we arrive at a fair value of THB274,848 (US$9,055m) which implies only 14% potential upside from the bottom-end of the price range. Larger Thailand...
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