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 China New Life (9983 HK) (CCNL) is looking to raise up to US$279m in its IPO. A brief peer comparison shows that its operating scale is in line with smaller peers such as S-Enjoy Services, Sichuan Languang, Eversunshine. And even though it operated with relatively lower overall revenue/sqm/mth, the company still had middling overall gross margin, boosted by its VAS and other services. Valuation is undemanding. CCNL is offered at FY2020E P/E ratio of 17 - 21.8x compared to the smaller ...
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