As a key handset camera module supplier to a major non-Android North American smartphone brand, Cowell is unaffected by the sluggish Android value chain, and is benefitting from its share expansion in its key client’s supply chain and the key client’s spec upgrades. The company also penetrated the LiDAR market with the contribution expected to reach Rmb200m-300m in 2H22. In the longer term, management is confident of order wins in its client’s rear-end camera and VR headset supply chain.
KEY HIGHLIGHTS Economics Trade Patchy recovery; headwinds to persist in 2H22. Sector Internet China cloud sector finding hope amid uncertainty. Small/Mid Cap Highlights Cowell E Holdings (1415 HK /NOT RATED/HK$11.12) Takeaways from meeting with management. TRADERS’ CORNER BOC Aviation Limited (2588 HK): Trading Buy Range: HK$65.00-66.00 Haidilao International (6862 HK): Trading Buy Range: HK$16.80-17.00
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....
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