A director at Boubyan Bank bought 400,000 shares at 0.650KWD and the significance rating of the trade was 88/100. 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 last two years clearly ...
Medium-term optimism holds. Pickup in GDP growth, policy rate hikes, and moderating CBK provisioning requirements are among the main factors shaping the outlook for Kuwait banks through end-2023e – together these translate into favourable growth and profitability prospects for banks. That said, Kuwait banks trade at, or close to, their all-time-high levels, implying these upside risks are already largely captured, rendering selectivity as the preferred approach.Single out NBK. We flag NBK as 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....
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Boubyan Bank K.S.C.P. Global Credit Research- 12 Sep 2019. Limassol, September 12, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Boubyan Bank K.S.C.P. and other ratings that are associated with the same analytical unit.
Well-positioned in current macroeconomic backdrop. We view Kuwait positively, given its: i) eyed consumption recovery in 2019 (+3.5%) and continued growth in non-oil GDP (+3% in 2019-20e, double its 5-year historical average), ii) relatively low fiscal breakeven oil price (USD50/bbl, c30% discount to GCC average), iii) healthy financial buffers through KIA, safeguarding spending, and iv) prospect MSCI inflows, on the potential upgrade to EM in May-19 (likely to represent 0.3% of EM index, bringi...
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