ASAHI GROUP HOLDINGS (JP), a company active in the Brewers industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date January 25, 2022, the closing price was ...
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....
Summary Kirin Holdings Co Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Kirin Holdings Co Ltd (Kirin) manufactures and markets alcoholic and non-alcoholic beverages, and pharmaceuticals products. Its major products include beer, low-malt beer, non-malt beer,...
EAFE > EM; Add exposure to Japan Continue to favor EAFE over EM. As long as the U.S. dollar remains elevated, we believe developed international (EAFE) will remain in a leadership position relative to EM (MSCI EM). Below we highlight attractive and actionable themes within developed int'l: • Japan, Switzerland, Australia, Canada. Major Japanese indexes have been underperforming for nearly two years but are making bullish price and RS inflections and exhibit early signs of bottoming. Switzer...
Squarely in the neutral camp At this point in time the major global indexes (MSCI ACWI, ACWI ex-US, EAFE, EM) have failed to break above their respective resistance levels, leaving us squarely in the neutral camp. • We need to see more from cyclical value. We believe the aforementioned major global indexes are likely to remain below resistance or have limited upside unless and until we see more definitive signs of bottoming within cyclical value areas of the market (e.g., Materials, Energy, ...
Asahi is to acquire Carlton & United Breweries for JPY 1.2 trillion ($11.3 billion) from Anheuser-Busch InBev in a deal we think is financially slightly better for AB InBev than for Asahi. Nevertheless, the valuation effect appears negligible, and we are maintaining our fair value estimates for both companies. From Asahi’s perspective, we were surprised by this development because the deal is much larger than the bolt-on acquisitions that management had previously expressed interest in. We be...
Asahi is to acquire Carlton & United Brewers for JPY 1.2 trillion ($11.3 billion) from AB InBev in a deal we think is financially slightly better for AB InBev than for Asahi. Nevertheless, the valuation effect appears negligible, and we are maintaining our fair value estimates for both companies. From Asahi’s perspective, we were surprised by this development because the deal is much larger than the bolt-on acquisitions that management had previously expressed interest in. We believe Asahi i.....
We initiate coverage of Japanese leading brewers Asahi Group Holdings (Asahi) and Kirin Holdings (Kirin), and assign both brand a narrow moat and negative moat trend ratings. We view Asahi as undervalued with a healthy upside of 24% to our fair value estimate of JPY 6,000 and Kirin as fairly valued with a modest 10% upside to our fair value estimate of JPY 2,600. The secular decline in the beer and beer-like volume seems unlikely to reverse. However, the coming liquor tax revisions will offer br...
We initiate coverage of Japanese leading brewers Asahi Group Holdings (Asahi) and Kirin Holdings (Kirin), and assign both brand a narrow moat and negative moat trend ratings. We view Asahi as undervalued with a healthy upside of 24% to our fair value estimate of JPY 6,000 and Kirin as fairly valued with a modest 10% upside to our fair value estimate of JPY 2,600. The secular decline in the beer and beer-like volume seems unlikely to reverse. However, the coming liquor tax revisions will offer br...
We initiate coverage of Japanese leading brewers Asahi Group Holdings (Asahi) and Kirin Holdings (Kirin), and assign both brand a narrow moat and negative moat trend ratings. We view Asahi as undervalued with a healthy upside of 24% to our fair value estimate of JPY 6,000 and Kirin as fairly valued with a modest 10% upside to our fair value estimate of JPY 2,600. The secular decline in the beer and beer-like volume seems unlikely to reverse. However, the coming liquor tax revisions will offer br...
Summary Marketline's Takara Holdings Inc. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Takara Holdings Inc. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the org...
Market internals sending mixed signals • Mixed market internals; Expect continued volatility and consolidation. Though support levels on the MSCI ACWI and S&P 500 have held - namely the 200-day moving averages and the lows from 2/9/18 - various market internals have begun to show neutral or negative signals... see below and page 2. • Europe at support; Hong Kong and Norway outperforming. The STOXX Europe 600 Index has managed to stay just at or above the important 365 support level that we...
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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