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....
China Bright Culture launched the book building to raise up to USD 173 million via a listing on HKSE. In our previous notes, we covered the company’s fundamentals. We note that the company’s revenues largely depend on the success of its TV program. It had success in its early productions but the viewership varies accross its productions. It has also built up a strong production pipeline ahead of its listing. We also discussed that despite its effort of building a pipeline, the regulatory ...
China Bright Culture, a second tier TV program production company in China, is raising up to USD 150 million via an IPO in HKSE. The company’s revenues largely depend on the success of its TV program. It had success in its first production Hello Food and the latest Hey! Let’s Sing but the viewership varies accross its productions. It has also built up a strong production pipeline ahead of its listing. Despite its effort of building a pipeline, the regulatory environment is not favorable ...
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