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....
We estimate fair YTM for the new Cherkizovo-1P-2bo at 7.50-7.70%. The announced guidance looks attractive. Cherkizovo (Moody’s: B1) will open the book for new 3.5Y bonds – Cherkizovo-1P-2bo, worth Rb5-10bn – on Wednesday, 20 November. Coupon guidance was set at 7.45-7.60%, which implies YTM of 7.66-7.82%. Yuri Golban, Director, Senior Analyst, For more details, please contact: Oleg Achkasov ( / / ) Luis Saenz ( / / 23)
We terminate coverage of Cherkizovo and withdraw our Target Price and Buy recommendation. - GDRs delisted from London Stock Exchange (February 2018), while … … ordinary shares, still listed on MOEX Russia, suffer low liquidity - Free float of outstanding shares fell below 3% - SPO announced in April may be delayed until autumn o Cherkizovo may tap the equity market once again … … when sanctions panic diminishes and investors reassess risks Our previous recommendations and ...
Trade wars, Central bank hawks Ahead: Correction angst. Brent has dipped below $68/bbl, despite the surprise draw in US crude stockpiles (API), as the global growth outlook weighs, suggesting yet more caution today. Indeed, the global risk-on trade until late has run a long and prosperous course, arguably, on the back of central bank largess. Already cautious, the threat of a global trade war (US-China have again exchanged tit-for-tat tariffs) and the foregone conclusion that central banks (U...
> Trader's comment on Russian market > Market comment - Global profit taking yesterday; sanction reports and speakers today > Sanctions: US releases unclassified version of the "oligarch report" > Federal Reserve preview: Yellen's quiet swan song > Kcell: Improvements priced in > Obuv Rossii 4Q17: Revenues up 6.5% on 11% LFL sales growth > Rusagro 4Q17 trading update: Revenues slide 18% y-o-y > Cherkizovo 4Q17 trading update: Increased volumes, decreased prices
> Комментарий трейдера по роÑÑийÑкому рынку > Комментарий и прогноз - Ð’ понедельник рынки пережили коррекцию, ÑÐµÐ³Ð¾Ð´Ð½Ñ Ð¾Ð¶Ð¸Ð´Ð°ÑŽÑ‚ÑÑ Ð´Ð¾ÐºÐ»Ð°Ð´ о ÑанкциÑÑ… и выÑÑ‚ÑƒÐ¿Ð»ÐµÐ½Ð¸Ñ Ñ€Ñда политиков > Ð’ СШРвышла Ð¿ÑƒÐ±Ð»Ð¸Ñ‡Ð½Ð°Ñ Ð²ÐµÑ€ÑÐ¸Ñ "доклада об олигархах" > Прогноз итогов заÑÐµÐ´Ð°Ð½Ð¸Ñ Ð¤Ð Ð¡ СШÐ. Ð›ÐµÐ±ÐµÐ´Ð¸Ð½Ð°Ñ ...
> Trader's comment on Russian market > Market comment - Unclear US policy, Russian legal cases and the Wyoming rabbit hole > Price decline in Russia stops > Ukrainian industrial output nosedives in July > MMK BoD to propose interim dividend on August 25 > Bashkir court orders Sistema to pay R136 bln > Cherkizovo Group reports strong 2Q17 IFRS results > M.Video: EBITDA margin up to 5.5% in 1H17 despite challenging market > LSR Group signs a small municipal contract > PhosAgro BoD recommends $53 m...
> Комментарий трейдера по роÑÑийÑкому рынку > Комментарий и прогноз - ПерÑпективы политики СШРнеÑÑны, в РоÑÑии в центре Ð²Ð½Ð¸Ð¼Ð°Ð½Ð¸Ñ Ñудебные процеÑÑÑ‹, рынок ждет комментариев из ДжекÑон-Хоул > Ðедельное Ñнижение потребительÑких цен в РоÑÑии оÑтановилоÑÑŒ > Промышленное произÐ...
Контролирующий акционер Группы "Черкизово" объÑвил о выкупе акций у Prosperity Capital Management (PCM). Можно предположить, что за Ñтим поÑледует обÑзательное предложение миноритариÑм. Мы повышаем целевую цену Ñ $10,00 до $14,30 за ГДР(ÑоответÑтвует цене выкупа) и рекомендуем миноритариÑм учÐ...
> Комментарий трейдера по роÑÑийÑкому рынку > Комментарий и прогноз - Интриги, нефть и центробанки > По итогам 2К17 в РоÑÑии возник дефицит Ñчета текущих операций > Ðкономика КазахÑтана. РоÑÑ‚ за Ñчет нефти > Группа "Черкизово" выкупает Ñвои акции у PCM по 1 300 руб., ожидаетÑÑ Ð¾Ñ„ÐµÑ€Ñ‚Ð°...
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