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....
The general evaluation of BHARAT FINANCIAL INC. (IN), a company active in the Consumer Finance industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 12, 2019, the closing pri...
Three Directors at Bharat Financial Inclusion Ltd sold after exercising options/sold 11,927 shares at between 1,207.180INR and 1,226.501INR. The significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots disc...
​Bharat Financial Inclusion: Post-demonetization recovery taking root(BHAFIN IN, Mkt Cap USD2.0b, CMP INR972, Under Review)BHAFIN reported 2QFY18 PAT of INR1.2b (3% miss), driven by a healthy uptick in net income (+4% beat), offset by higher-than-expected credit costs. We believe that a post-demonetization recovery is taking root, and is likely to continue in the coming quarters.AUM grew 17% YoY to INR106b, reflecting an upward trajectory for the second consecutive quarter. This, coupled with ...
Bharat Financial Inclusion: Up-fronting provisions; stressed loans pool declines(BHAFIN IN, Mkt Cap USD1.7b, CMP INR789, TP INR820, 4% Upside, Neutral)BHAFIN reported 1QFY18 net loss of INR371m, driven by a provision hit of INR1.76b. The company up-fronted bulk of the provisions which it plans to make for the year. We view this as a key positive. Collection efficiency trends have been encouraging. First month collection rate improved from 91% in November 2016 to 92% in April and 96.2% in July. C...
​Bharat Financial Inclusion: Biting the bullet; stressed loans pool largely stable(BHAFIN IN, Mkt Cap USD1.7b, CMP INR787, TP INR769, 2% Downside, Neutral)BHAFIN reported 4QFY17 net loss of INR2.35b, driven by a provision hit of INR3.35b. The company chose to make adequate provisions on the stressed loans pool, which have remained stable since the last analyst update.Collection efficiency trends have been stable. Collection efficiency in the due month remains at 90-92%, and continues to inch u...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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