A director at IGG Inc bought 948,000 shares at 4.097HKD and the significance rating of the trade was 65/100. 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 discretionary trades by all the company's directors over the last two years clearly showi...
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....
China’s Internet sector delivered broadly solid 1H19 and 2Q19 results amid a mild margin recovery at the operating level, thanks to lower marketing investment. The online game segment saw a slight recovery amid tight regulations. The e-commerce segment recorded solid top-line and bottom-line, led by Alibaba and JD.com. For 2H19, we are positive on e-commerce with growth in top-line and bottom-line, and remain neutral on the online game segment due to tightened regulations. Maintain OVERWEIGHT.
KEY HIGHLIGHTS CHINA Sector Healthcare Reform of high-value medical consumables kicks off; expecting in-line 1H19 results. Property Weekly: Valuation of some developers will decline. HONG KONG Results IGG (799 HK/HOLD/HK$6.82/Target: HK$7.00) 1H19: LM grossing softness continues; operating expense drives margin pressure. TRADERS’ CORNER SD Gold (1787 HK): Trading Buy Range CMSC (6099 HK): Trading Sell Range
IGG's 1H19 revenue decreased 9% yoy to US$355m, meeting consensus estimate. Net profit fell 28% yoy to US$71m, 7% below consensus estimate. Both LM and Castle Clash exhibited revenue softness, down 10% and 21% yoy to US$282m and US$44m respectively. We cut our target price to HK$7.00 from HK$10.50 due to the weaker growth outlook. Maintain HOLD. Entry price: HK$5.50.
CHINA Sector Healthcare: Reform of high-value medical consumables kicks off; expecting in-line 1H19 results. Property: Weekly: Valuation of some developers will decline. HONG KONG Results IGG (799 HK/HOLD/HK$6.82/Target: HK$7.00): 1H19: LM grossing softness continues; operating expense drives margin pressure. INDONESIA Strategy Alpha Picks: Keeping Interest Rate-sensitive Names: Despite the mixed performance from interest rate-sensitive stocks (BBNI, BMRI and CTRA), we retain them in our po...
On our recent marketing trip, investors are positive on China’s Internet sector in view of industry consolidation and margin expansion but are concerned about de-rating risks due to the macro slowdown and China-US trade war. Our top picks are TCELIR and Alibaba. Maintain OVERWEIGHT on the sector.
China’s Internet sector delivered mixed 4Q18/2H18 results. Game sector growth was still weak due to tight regulation. China’s e-commerce sector recorded solid top-line results led by Alibaba, and bottom-line beat consensus forecasts for both Alibaba and JD.com. For 1H19, we are positive on online travel sector growth, maintain neutral on ecommerce sector growth, and remain cautious on online game sector due to the tightening regulation. Maintain OVERWEIGHT.
IGG's 2H18 revenue increased 7% yoy to US$360m, 2% lower than consensus estimate. Net profit increased 14% yoy to US$91m, 2% below consensus estimate. LM’s revenue growth signalled softness, down 7% hoh and up 16% yoy to US$289m. Maintain HOLD and target price at HK$10.50. Entry price: HK$8.00.
KEY HIGHLIGHTS CHINA Results Hi Sun Technology (China) (818 HK/BUY/HK$1.32/Target: HK$1.95) 2018: Slightly better than expected; an indirect beneficiary of policy support to MSEs. HONG KONG Results IGG (799 HK/HOLD/HK$11.30/Target: HK$10.50) 2H18: LM’s grossing saw softness; performance of new MR game to be proven. Wharf Holdings (4 HK/HOLD/HK$24.95/Target: HK$23.85) 2018: Below expectations; weak developer segment. TRADERS’ CORNER Shenzhou International (2313 HK): Trading Buy Ran...
CHINA Results Hi Sun Technology (China) (818 HK/BUY/HK$1.32/Target: HK$1.95): 2018: Slightly better than expected; an indirect beneficiary of policy support to MSEs. HONG KONG Results IGG (799 HK/HOLD/HK$11.30/Target: HK$10.50): 2H18: LM’s grossing saw softness; performance of new MR game to be proven. Wharf Holdings (4 HK/HOLD/HK$24.95/Target: HK$23.85): 2018: Below expectations; weak developer segment. INDONESIA Results United Tractors (UNTR IJ/BUY/Rp26,600/Target: Rp37,000): 4Q18: In-line w...
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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