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....
Nongfu Spring is looking to raise up to US$1.1bn in its Hong Kong listing. The company is the market leader in packaged drinking water in China. Apart from packaged drinking water, it is also one of the leading players in tea, functional beverages and juice segments. Earnings growth has been relatively steady and the business remains highly cash generative. There is a lot to like in the business even though the company will be paying out generous dividends just ahead of its listing. In my ea...
Nongfu Spring is looking to raise up to US$1bn in its Hong Kong listing. The company is the market leader in packaged drinking water in China. Apart from packaged drinking water, it is also one of the leading players in tea, functional beverages and juice segments. Earnings growth has been relatively steady and the business remains highly cash generative. There is a lot to like in the business even though the company will be paying out generous dividends just ahead of its listing. In my earl...
Nongfu Spring is looking to raise up to US$1bn in its Hong Kong listing. The company is the market leader in packaged drinking water in China. Apart from packaged drinking water, it is also one of the leading players in tea, functional beverages and juice segments. Earnings growth has been relatively steady and the business remains highly cash generative. There is a lot to like in the business even though the company will be paying out generous dividends just ahead of its listing. In my earl...
KEY HIGHLIGHTS Strategy Alpha Picks: Greater China September Conviction List Add Dongfeng Motor, Sany Heavy Equipment Int’l, Tencent Holdings, Tian Lun Gas Holdings and Wuxi Biologics to our BUY list, and Great Wall Motor to our SELL list. Sector Cement 1H19 results round-up: Strong momentum to sustain. Coal 1H19 results round-up: Leaders show resilience amid headwinds; valuations are attractive. Upgrade to MARKET WEIGHT. Property 1H19 results round-up: Rising pressure. Solar 1H19 res...
KEY HIGHLIGHTS CHINA Results Haidilao International (6862 HK/HOLD /HK$23.35/Target: HK$21.17) 2018: Slightly better-than-expected results; decent operating metrics; downgrade to HOLD. Huifu Payment (1806 HK/BUY/HK$3.90/Target: HK$4.55) 2018: Beats consensus forecast; bullish prospects. Kingsoft Corp (3888 HK/BUY/HK$19.80/Target: HK$22.00) 4Q18: Results beat. Cloud growth remains robust in 2019, JX mobile launch in June. MicroPort Scientific Corporation (853 HK/SELL/HK$7.73/Target: HK$5.68)...
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