Initiate with QAR6.40/share TP, 21% upside. QLM, Qatar’s leading medical and life insurer, is well positioned to capitalise on the expected growth momentum as the Nov-21 mandatory health insurance law comes into effect. QLM’s ability to secure sizable contracts, expand into the underpenetrated life segment, and improve its investment utilisation should help enhance margins, operational efficiency, and profitability outlook. The stock trades on a 2022e P/BV of 2.9x, against a RoE of c19%, standin...
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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