A director at Kingdee International Software Group sold 100,000 shares at 15.350HKD and the significance rating of the trade was 51/100. 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 ...
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....
Stay Defensive With Technology, Health Care, Staples Upside momentum continues to wane for global equities, a trend we mentioned in last week's Int'l Compass. In that report we highlighted early signs of lower highs forming in the major global indexes. Price action this week has indeed confirmed lower highs for now in the MSCI ACWI, ACWI ex-US, EAFE, and EM indexes. These lower highs increase the probability for breakdowns and a deeper pullback, but we do not want to get ahead of ourselves. Unt...
Global Rally Losing Upside Momentum The global rally appears to be losing steam as the bearish rising wedge patterns we highlighted last week in the MSCI ACWI, ACWI ex-US, EM, and EAFE indexes ended up breaking down. Additionally, the aforementioned indexes and major indexes in Europe, Japan, and Hong Kong have been unable to break above longer-term resistance. While we believe global equities remain vulnerable to a pullback, some near-term consolidation is another possibility. For now we belie...
KEY HIGHLIGHTS Strategy Say It One More Time The State Council has reiterated support for the economy; we expect FAI thematic stocks to outperform in 2H19. Sector Banking 1H19 results round-up: In line; asset quality improves. Education Online K12 AST regulation is just a small issue for leading K12 AST players. Insurance Weak premiums growth; profits boosted by tax refunds and higher investment gains. Machinery 1H19 results round-up: The best is yet to come; re-iterate OVERWEIGHT. Upd...
Kingdee reported strong cloud business growth driven by the Galaxy and Cosmic products. Cloud services revenue grew 55% yoy to Rmb550m in 1H19, while management software revenue recorded Rmb935m, remaining flat yoy. Management maintained expectation of 50% cloud business revenue growth for 2019 with continued investment in sales channel expansion.
KEY HIGHLIGHTS CHINA Results BOC Aviation (2588 HK/HOLD/HK$65.75/Target: HK$69.00) 1H19: Admirable earnings growth amid concerns over B737 Max exposure. China Fortune Land (600340 CH/SELL/Rmb26.05/Target: Rmb23.34) 1H19: income increases but higher cash flow pressure, downgrade to SELL. Chongqing Rural Commercial Bank (3618 HK/SELL/HK$3.94/Target: HK$3.65) 1H19: Earnings boosted by lower staff cost. Update Kingdee (0268 HK/NOT RATED/HK$7.61) Profit meets consensus, but market weigh on...
CHINA Results BOC Aviation (2588 HK/HOLD/HK$65.75/Target: HK$69.00): 1H19: Admirable earnings growth amid concerns over B737 Max exposure. China Fortune Land (600340 CH/SELL/Rmb26.05/Target: Rmb23.34): 1H19: income increases but higher cash flow pressure. Downgrade to SELL. Chongqing Rural Commercial Bank (3618 HK/SELL/HK$3.94/Target: HK$3.65): 1H19: Earnings boosted by lower staff cost. Update Kingdee (0268 HK/NOT RATED/HK$7.61): Profit meets consensus, margin under pressure due to cloud transf...
KEY HIGHLIGHTS CHINA Results AAC Technologies (2018 HK/HOLD/HK$43.05/Target: HK$42.42) 1Q19: Lacklustre results, yet better than the profit warning earlier. Awaiting recovery in 2H19. HONG KONG Sector Property Weekly Wrap-up: Secondary market affected by unresolved trade war. TRADERS’ CORNER ZTE (763 HK): Trading Sell Range Kingdee International (268 HK): Trading Sell Range
KEY HIGHLIGHTS CHINA Economics Economic Activity 1Q19 real GDP growth stays at 6.4% yoy, led by rebound in IP. Strategy The End Of Cycles? No improvement in risk-reward has been seen so far. Add laggards and policy- supported sectors into our BUY list. TRADERS’ CORNER Kingdee International (268 HK): Trading Buy Range Xinyi Solar (968 HK): Trading Buy Range
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