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....
The independent financial analyst theScreener just slightly lowered the general evaluation of BITAUTO HOLDINGS LTD. (US), active in the Internet industry. Indeed, the title just lost a star(s) at the fundamental level and now shows 3 out of 4 stars. Its exposure to market risk has also increased and the title is now qualified as moderately risky. Despite this double requalification, theScreener only slightly downgrades the general evaluation to Slightly Positive on account of the openly favourab...
BITA will report 2Q19 results in late August. Based on our data and calculations, we believe BITA’s 2Q19 revenue is likely to be better than consensus at RMB2,758M. However, BITA’s fundamentals are likely to be impacted by the weaker consumer spending in the auto sector as well as the changes of National Emission Standard (from Guo 5 to Guo 6). The number of paying dealers did not bounce back in 2Q19 like it used to in previous years and we do not expect the number to fully recover in the 2H2019...
BITA will report 3Q18 results on November 28th before the markets open with a 7am EST conference call. Based on our data and calculations, we believe BITA’s 3Q18 revenue is likely to be in line with consensus at RMB2,671.4M. However, we don’t expect the margin to improve in 3Q18 and 4Q18 due to increase in offline marketing activities and slowdown in the auto loan facilitation business, which can be a reflection of slowdown in the auto industry.
BITA will report 1Q18 results on June 13th before the markets open with an 8:00am EST conference call. Based on our data and calculations, we believe BITA’s 1Q18 revenue is likely to be better than consensus and 2Q18 guidance is likely to be at least inline with consensus.
BITA will report 4Q17 results on March 15th before the markets open with an 8:15am EST conference call. Based on our data and calculations, we believe BITA’s 4Q17 revenue and 1Q18 guidance are likely to be better than consensus.
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