The general evaluation of TEIJIN (JP), a company active in the Speciality Chemicals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 2 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 25, 2022, the closing price was JPY ...
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....
Japan Market Comment by Pelham Smithers, Julie Boote and Joel Scheiman Nikkei ¥21,042.09 (-¥139.55 / -0.66%); Topix ¥1,694.79 (-¥13.55 / -0.79%); ¥/$105.56 Tags: Sony (6758 JP), Fast Retailing (9983 JP), United Arrows (7606 JP), DyDo Group Holdings (2590 JP), Kakaku.com (2371 JP), KLab (3656 JP), Capcom (9697 JP), SBI Holdings (8473 JP), GMO Internet (9449 JP), Woori Bank (000030 KS), SBI Ripple Asia, Cambridge Global Payments, FleetCor Technologies (FLT US), Western Union (WU US), Fujit...
Key Points Teijin’s shares rose 2.6% in reaction to a strong FY17 Q1 result and a modest upward earnings revision announced at midday on Aug 1st. The company revised up H1 OP guidance by ¥3bn, but for the full year by only ¥2.0bn, to ¥64.0bn. Consensus was already in that region, so the surprise value appears limited. Healthcare exceeded initial guidance thanks to licensing fees and restructuring measures. Teijin raised FY17 OP guidance by ¥2.5bn. The company received ¥3bn in Q1 from Merck...
Teijin’s share price held steady after the 11:30 announcement (May 9th), closing up 0.5%. FY16 OP and FY17 OP guidance were both moderately below consensus estimates, but the market appeared satisfied with guidance for OP growth of 9.7%. Our revised FY17 estimates are provided in the file attached. Teijin continues to explain that forward-looking investments are delaying earnings growth as the company emerges from its extended period of restructuring. These costs (¥10.6bn in FY16 and ¥7.3bn in F...
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