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....
GREATER CHINA Update Anta Sports (2020 HK/BUY/HK$72.00/Target: HK$81.00): “The challenge road†to 2023. INDONESIA Small/Mid Cap Highlights Cardig Aero Services (CASS IJ/NOT RATED/Rp635): Long-term growth opportunity in the future. MALAYSIA Results EcoWorld Development (ECW MK/HOLD/RM0.77/Target: RM0.72): FY19: Net profit above expectation on higher JV contributions and billings from domestic projects. Expect earnings to sustain in FY20, underpinned by unbilled sales of RM5.2b. VS Industry (V...
The 8-year national CAGR growth of aircraft, passenger and cargo movement from 2010-18 is 6.9%, 8.1% and 5.9% respectively, higher than the GDP CAGR of 5.4% in the same period. Government support to improve the tourism sector, new airport construction in Indonesia, the existence of low-cost carrier airlines, and travel ecommerce will benefit the airline industry in the long term and also benefit airlinesupporting companies like CASS. CASS trades at -1SD of its historical average 5- year PE of 10...
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