Alpha Picks: Embracing A Risk-On Mode Our Aug 21 portfolio performed in line with the FBMKLCI (+7.0% vs +7.1%), boosted by MYEG, Press Metal and CIMB. Our Sep 21 alpha picks: ATA, CIMB, GENM, Inari, Magnum, MyEG, OMH, Press Metal and Scomnet. We added GENM, OMH and Scomnet and removed Hap Seng Plantations and Yinson. Our picks are deliberately higher beta stocks and are heavily geared towards the economic reopening.
GREATER CHINA Strategy Alpha Picks: September Conviction Calls: We expect macro policy easing to be stepped up, and add Anhui Conch, HKex, Tinci Materials, Yongda Auto and Zoomlion. INDONESIA Strategy Alpha Picks: Outperformed In Aug 21 By 760bp: We take profit on INTP after a stellar return and add JSMR. Our stock picks are BMRI, TLKM, SIDO, SMRA and JSMR. MALAYSIA Strategy Alpha Picks: Embracing A Risk-On Mode: Aug 21 alpha picks portfolio performed in tandem with the FBMKLCI. Sep 21 picks: ...
A director at Magnolia Bostad AB sold 20,000 shares at 76.000SEK and the significance rating of the trade was 74/100. 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 clea...
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....
GREATER CHINA Strategy Alpha Picks: August Conviction Calls: With the market pullback, we are adding some beta to the portfolio, though overall bias remains defensive. Add Li Ning, JD.com, Pingan Insurance Group, Zijin Mining and ZTE to our BUY list and swap Sino Biopharm for CSPC Pharma. INDONESIA Strategy Alpha Picks: Major Overhaul Of Our Portfolio: We drop MYOR, ASII, KLBF, BEST and BSDE but keep TLKM and BMRI. We add SIDO, INTP and SMRA. MALAYSIA Strategy Alpha Picks: Re-positioning For R...
Sdiptech takes an active role in the improvement of infrastructure to create sustainable, efficient and safe societies. Sdiptech has integrated 10 of the UN’s 17 global goals into its business strategy and divides its sustainability work into three focus areas: economic, social and environmental value creation, each with specific targets. Sustainability is an integral part of the acquisition process, where all of the companies acquired should contribute to more sustainable, efficient or secure i...
Budget Malaysia 2021: Steering Out Of Recession The significantly expansionary Budget 2021 is market neutral. Despite a 38% surge in development expenditures to a record high, construction stocks’ reaction were only mildly positive, perhaps reflecting scepticism of the pace of mega projects’ rollouts. There is positive read on glove producers (no windfall tax), BAT (measures to combat contraband) and NFOs (no duty or fee hike). Our top picks continue to be reopening plays, trade diversion benefi...
GREATER CHINA Results China Communication Services (552 HK/HOLD/HK$5.17/Target: HK$5.85): 1H20: Net profit drops 7.2% yoy, in line. Chongqing Rural Commercial Bank (3618 HK/HOLD/HK$3.31/Target: HK$3.20): 1H20: Stable growth with manageable uptick in NPL. CSPC Pharmaceutical Group (1093HK/BUY/HK$16.64/Target: HK$21.78): 1H20: Net profit grows 23.2% yoy; innovation brightens long-term outlook. Haidilao International (6862 HK/BUY/HK$45.75/Target: HK$52.10): 1H20: Makes headway with new store openin...
1Q20: Severely Impacted By MCO 1Q20 net profit declined 19% yoy, in line with expectations, mainly due to six fewer draw days in the quarter to comply with the government’s movement restriction order. While we have cut 2020 and 2021 net profit forecasts by 33% and 6% respectively to reflect the 12-week lockdown, we expect a steep earnings recovery once the MCO is lifted, given that its revenue resilience, asset-light model and 2021 dividend yield of >6.9% are compelling factors. Maintain BUY a...
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