Two Directors at Caesars Entertainment Inc bought/sold 11,000 shares at between 32.455USD and 32.521USD. The significance rating of the trade was 81/100. 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 di...
Summary Monarch Casino & Resort Inc - Company Profile and SWOT Analysis, 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 Monarch Casino & Resort Inc (Monarch) is a provider of gaming, hotel, and hospitality services in the US. It operates a casino and hotel and provides dining, gaming, and hospitality services...
Summary Canterbury Park Holding Corp - Company Profile and SWOT Analysis, 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 Canterbury Park Holding Corp (Canterbury Park) is a Minnesota-based company that operates in the entertainment sector. The company's primary activities include hosting pari-mutuel wagering ...
Sber (SBER RX / SBERP RX: O/W; TP RUB430 / RUB399) has reported 2021 IFRS results. 2021 net income reached RUB1,246bn (+64% y/y with 24% ROE), slightly above expectations. While it makes no sense to look back, a positive sign we can take away is that Sber has not (yet) created significant credit loss provisions so far in Q4 on the back of ongoing tensions (while the credit loss provisions line is a forward-looking metric by nature).
2021 saw the video game industry delivery unlikely hits, several using new concepts such as NFTs and metaverse tropes. Meanwhile, the latest versions of Call of Duty, Battlefield and eFootball (Pro Evolution Soccer) looked dated and underwhelmed the public. The PS5 kicks off a new era for console gaming but the timing of its release also coincides with a new era for the broader industry. This report discusses those changes and which companies look best placed to benefit.
Sberbank (SBER RX / SBERP RX: O/W; TP RUB430 / RUB399) reported its January 2022 RAS financials. The January bottom line came in at RUB100bn (+16% y/y) with 22.1% ROAE. Strong momentum in lending continued, with both the corporate and retail segments growing above expectations, likely driven by expectations of another rate hike by CBR. The NIM remained resilient, supported by interest rate growth on floating-rate loans and stable funding base, along with credit quality staying robust, despite...
Sberbank (SBER RX / SBERP RX: O/W; TP RUB430 / RUB399) reported December and FY21 RAS numbers. The December bottom line came in at RUB90bn (+43% y/y) with 19.9% ROAE, resulting in 2021 profit of RUB1,237bn (+58% y/y, excl. subsequent events). Strong momentum in corporate and retail lending continued, while the NIM remains resilient (supported by interest rate growth on floating-rate loans and a stable funding base) with credit quality staying strong. All in all, the results are expectedly rob...
Sberbank (SBER RX / SBERP RX: O/W; TP RUB430 / RUB399) reported November 202 RAS numbers. The bottom line stood at RUB102bn (+30% y/y, -7% m/m) with 23.7% ROAE. There was strong momentum in corporate and retail lending, while the NIM remained resilient (supported by interest rate growth on floating-rate loans and stable funding base) with credit quality staying robust. Overall, we think the monthly results are expectedly strong, on track to deliver on management guidance metrics. Considering ...
Following a year of J-shape business recovery and recent stock volatility, we revisit our view on Sberbank. At current stock levels, we believe investors overlook the ability of Sber’s financial business to generate >21% ROE in the coming years. The non-financial business is growing fast and might bear fruits longer-term, while its near-term value dilution is minimal. The capital position and a commitment to progressive dividends demonstrated this year secures a solid 8-10% dividend yield. A ...
Sberbank (SBER RX / SBERP RX: O/W; TP RUB309 / RUB285) released its 3Q21 IFRS results. Overall, Sberbank demonstrated another stellar quarter with RUB348bn of net income and 26.8% of ROATE in Q3, beating our and market expectations by 2-3%. The loan book growth and credit quality remained strong and continued to support Sberbank’s performance. Provisioning was the key driver of the consensus beat, offsetting the RUB33bn one-time provision creation related to the Ukraine subsidiary. The recen...
Sberbank (SBER RX / SBERP RX: O/W; TP RUB309 / RUB285) reported its August 2021 RAS numbers. The bottom line was at RUB106bn in August (+38% y/y; 25% ROAE), returning to a normalized monthly run-rate after an exceptional one-off-driven July. Strong momentum in corporate and retail lending (incl. mortgages) continued, while the NIM remains resilient, supported by interest rate growth on floating-rate loans. The funding base remains stable, restraining massive growth in funding costs so far (th...
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....
Sberbank (SBER RX / SBERP RX: O/W; TP RUB309 / RUB285) reported July 2021 RAS numbers. The bottom line grew 93% y/y in July with ROAE of 30.6%. The continued loan book growth coupled with credit quality remaining strong continued to drive the bottom line, coupled with a one-off effect related to the Eurocement sale (earlier we estimated it at RUB15-25bn of incremental net income). On the positive note, 1) the strong momentum in retail lending continues (incl. mortgages), and 2) the NIM remain...
Sberbank (SBER RX / SBERP RX: O/W; TP RUB309 / RUB285) release its 2Q21 IFRS results. Overall Sberbank demonstrated another stellar quarter with RUB318bn of net income and 25% ROATE in Q2, beating our and market expectations by 9%. The loan book growth and credit quality remained strong providing support to Sberbank’s performance, with the latter being the key driver of the consensus beat. Moreover, the recent interest rates hikes provide support to the NIM through floating-rate corporate loa...
Sberbank (SBER RX / SBERP RX: O/W; TP RUB309 / RUB285) reported its June 2021 RAS numbers. The bottom line grew 72% y/y in June from the low base of last year with ROAE of 27.3%. The continued loan book growth coupled with credit quality remaining strong was drove the bottom line. In our view, the reported numbers confirm Sberbank’s prudence in loan losses provisioning through 2020, and the recent surge in Covid cases in Russia is unlikely to lead to a material CoR worsening. In the meantime,...
Sberbank (SBER RX / SBERP RX: O/W; TP RUB309 / RUB285) reported May 2021 RAS numbers. The bottom line grew 126% y/y in May from the low base of last year with ROAE of 22.3%. The provisioning reduction coupled with loan book growth continued driving the bottom line. Overall we see the fundamental picture remaining supportive for Sberbank, with economic recovery supporting lending growth and CoR normalization, while potentially growing interest rates providing support to NIM. While the stock is...
Sberbank (SBER RX / SBERP RX: O/W; TP RUB309 / RUB285) reported April 2021 RAS numbers. The bottom line grew 801% y/y in April from the low base of last year (and was flat m/m) with ROAE of 25.3%. The provisioning normalization coupled with loan book growth continued driving the bottom line. Overall we see the fundamental picture remaining supportive for Sberbank, with economic recovery supporting CoR normalization, while potentially growing interest rates provide support to the NIM. While th...
Sberbank (SBER RX / SBERP RX: O/W; TP RUB309 / RUB285) released its 1Q21 IFRS results. Overall, Sberbank demonstrated a confident recovery to the year with RUB305bn net income and 24% ROATE in Q1, beating our and market expectations by 16-18%, mainly driven by positive developments on provisioning side. As a result, management raised ROE guidance for 2021 to >20% vs ~18% currently expected by the consensus, providing scope for consensus upgrades. Overall, we see the fundamental picture being ...
Sberbank (SBER RX / SBERP RX: O/W; TP RUB309 / RUB285) reported March 2021 RAS numbers. The bottom line grew 66% y/y in March and 29% y/y in 1Q21 with ROAE of 24.9% and 23.6% respectively. The provisioning reduction coupled with loan book growth (+18.3% y/y in retail and +8.3% y/y in corporates) continued driving the bottom line. Overall, we see the fundamental picture remaining supportive for Sberbank, with economic recovery supporting CoR normalization and potentially growing interest rates...
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