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 Sector Coal: Valuation recovery in the near term; long-term outlook remains gloomy. Update Baidu (BIDU US/NOT RATED/US$ 261.72): Secondary listing in Hong Kong. INDONESIA Sector Telecommunications: Competition remains intense; potential price floor will benefit TLKM. MALAYSIA Update Gamuda (GAM MK/HOLD/RM3.55/Target: RM3.70): Share price weakness is an opportunity to accumulate ahead of its tender submission for MRT3, as well as the potential Australia mega project contract award...
KEY HIGHLIGHTS Results AP Thailand (AP TB/BUY/Bt7.30/Target: Bt8.70) 4Q20: Another earnings beat. Berli Jucker (BJC TB/BUY/Bt33.00/Target: Bt39.00) 4Q20: Results in line with our expectations. Electricity Generating PCL (EGCO TB/BUY/Bt172.50/Target: Bt242.00) 4Q20: Reiterate BUY despite 4Q20 miss. GFPT (GFPT TB/SELL/Bt12.50/Target: Bt9.60) 4Q20: Earnings were high. 2021 earnings will drop yoy. Supalai (SPALI TB/BUY/Bt19.80/Target: Bt24.50) 4Q20: Net profit grows 1% yoy and 53% qoq Vinyth...
KEY HIGHLIGHTS Results CP ALL (CPALL TB/BUY/Bt62.75/Target: Bt73.00) 3Q20: Results below our expectation but in line with consensus. Bangkok Expressway and Metro (BEM TB/BUY/Bt9.15/Target: Bt11.50) 3Q20: Earnings continued to improve qoq; yoy earnings growth expected in 2021. Electricity Generating (EGCO TB/BUY/Bt198.00/Target: Bt290.00) 3Q20: Healthy performance. Esso Thailand (ESSO TB/SELL/Bt7.00/Target: Bt5.20) 3Q20: A slow recovery. Mega Lifesciences (MEGA TB/BUY/Bt31.75/Target: Bt...
VNT posted a weaker qoq and yoy net profit with core profit dragged down by the COVID-19 pandemic, a decline in product prices and sale volumes. We revised down our 2020-21 earnings forecasts to reflect the COVID-19 impact. However, we expect earnings to improve sharply in 2H20 on the back of improving product prices and sale volumes. We expect the PVC industry remain favourable, benefitting VNT in the long-term. Maintain BUY. Target price: Bt29.00.
KEY HIGHLIGHTS Results AP Thailand (AP TB/BUY/Bt6.35/Target: Bt7.70) 2Q20: Net profit grew 149% yoy. Bangchak Petroleum PCL (BCP TB/HOLD/Bt19.20/Target: Bt23.00) 2Q20: Net loss larger than expected, but core profit better than expected. Esso Thailand (ESSO TB/SELL/Bt7.35/Target: Bt5.20) 2Q20: Posted a surprise loss. Downgrade to SELL. GFPT (GFPT TB/BUY/Bt12.90/Target: Bt19.30) 2Q20: Earnings should be this year’s bottom. MK restaurant Group Plc (M TB/HOLD/Bt51.25/Target: Bt...
GREATER CHINA Update Cathay Pacific Airways (293 HK/HOLD/HK$8.81/Post-rights Target: HK$7.60): HK$39b in new capital reduces risk substantially. Nexteer (1316 HK/HOLD/HK$6.22/Target: HK$6.00) Page 5 Share price hits target. Earnings recovery in 2H20 largely factored in. Downgrade from BUY to HOLD. Shenzhen Mindray Bio-Medical Electronics (300760 CH/BUY/Rmb272.53/Target: Rmb300.00): COVID-19 gives rise to new business opportunities. Zijin Mining (2899 HK/BUY/HK$3.26/Target: HK$4.05): Copper pri...
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...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.