GREATER CHINA Sector Consumer: More signs of reopening; upbeat on baijiu names’ potential re-rating ahead. INDONESIA Strategy Alpha Picks: Outperformed The JCI by 3.7%: Our picks: ROTI, BBRI, BBNI, SMGR, TLKM, KLBF and MAPI. MALAYSIA Strategy Alpha Picks: Rejoining The Global Equity Uptrend: Nov 22 Alpha Picks outperformed the FBMKLCI. Dec 22 picks: CIMB, Genting Malaysia, Malaysia Airports, MyEG Services, VS Industry and Yinson. Update Uzma (UZMA MK/BUY/RM0.54/Target: RM0.67): Uzma’s O&G earn...
After a tough FY23 amid the global macro headwinds, we expect GPT’s net profit to register a robust 88%/23% yoy recovery in FY24-25 on the back of moderating material costs, as well as the strong ASP growth and margin expansion at its electronics business trading in acoustic speakers. We think GPT’s share price is undervalued at 3.1x FY24F PE as the market has overlooked the rosy outlook for its lucrative electronics business. Initiate coverage with BUY. Target price: HK$0.74.
KEY HIGHLIGHTS Strategy Alpha Picks: December Conviction Calls The positive sentiment on the economic reopening may carry over into December and limit the extent of any consolidation. We are adding more beneficiaries of the reopening and policy easing. Initiate Coverage Gold Peak Technology Group (40 HK/BUY/HK$0.56/Target: HK$0.74) Pioneering the evolution of premium audio systems. Update Budweiser APAC (1876 HK/BUY/HK$23.45/Target: HK$27.50) Key takeaways from 2022 investor day; potential re...
GREATER CHINA Strategy Alpha Picks: December Conviction Calls: The positive sentiment on the economic reopening may carry over into December and limit the extent of any consolidation. We are adding more beneficiaries of the reopening and policy easing. Initiate Coverage Gold Peak Technology Group (40 HK/BUY/HK$0.56/Target: HK$0.74): Pioneering the evolution of premium audio systems. Update Budweiser APAC (1876 HK/BUY/HK$23.45/Target: HK$27.50): Key takeaways from 2022 investor day; potential rec...
After a tough FY23 amid the global macro headwinds, we expect GPT’s net profit to register a robust 88%/23% yoy recovery in FY24-25 on the back of moderating material costs, as well as the strong ASP growth and margin expansion at its electronics business trading in acoustic speakers. We think GPT’s share price is undervalued at 3.1x FY24F PE as the market has overlooked the rosy outlook for its lucrative electronics business. Initiate coverage with BUY and a target price of HK$0.74. GPT is a...
A director at Gold Peak Industries (Holdings) Ltd sold 1,995,132 shares at 0.564HKD 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 ...
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....
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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