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....
A director at Ozak Gayrimenkul Yatirim Ort bought 1,220,000 shares at 3.410TRY and the significance rating of the trade was 67/100. 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 ...
Deliveries in the flagship Buyukyali project have started… Deliveries in Ozak REIT’s flagship Buyukyali project have started as of September 2019. This means that the sales have finally started to flow through the P&L of the company, which will materially boost earnings over the coming quarters. NAV will expand accordingly by some 56% from 3Q19’s TL1.9bn to TL3.0bn by end-2020. We should note that Ozak has so far been able to sell slightly more than one-third of the project over the past t...
Emlak REIT reported TL308mn net income in 2Q19, slightly better… Emlak REIT reported TL1.9bn in revenues (well above the limited consensus of TL1.4bn), TL376mn in EBITDA (slightly higher than the TL344mn consensus), and TL308mn in net income (slightly ahead of the TL270mn consensus) in 2Q19.
The report includes analysis and charts on: 1) evolution of shopping malls in Turkey, 2) players with market shares etc, 3) shopping center density comparison with other countries, 4) detailed private equity investments in Turkish retailers, 5) private consumption trends & expectations, 6) list of REITS with market data and multiples.
Ozak REIT announced TL194mn consolidated net income in 4Q17, broadly in line… Note that there are two seasonalities in Ozak REIT’s figures, one being Ela Quality Resort Hotel’s strong 3Q revenues and the other being revaluation gains of assets in 4Q. As such, Ozak’s revenues and EBITDA dropped on a q/q comparison, while the bottom-line surged. Overall, we observe steady gross profit on the REIT segment but note that slightly higher operating expenses and increased FX losses on EUR appre...
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...
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