We update our thoughts on LatAm towers following recent Q1s - Sitios Latinoamerica's third report since listing last September. Whilst early days for Sitios, trends remain a little lacklustre, with smaller M&A the bigger driver of momentum at the moment. Following the 30% retracing of the Telesites/Opsimex share price this year, we move back to Neutral (from Reduce), target unchanged at MXN17.
Telesites (Buy, TP under review) reported Q4s last night followed by their earnings call today. The underlying business continues to be solid if a little uninspiring though Q4 was helped by the acquisition of 958 towers from Telmex.
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....
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.