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....
Q1 2017 revenues went slightly down by 1.2% to AED523.294m vs. AED529.575m by the end of March 2016. The net profit decreased by 3% to reach AED288.977m vs. AED297.548m, a year ago. We note that Q1 2016 net profit included a gain of AED186.6m following the disposal of two subsidiaries: Marmum Dairy Farm LLC and its distribution arm, United Sales Partners LLC. On the other hand, the group recorded a gain of AED174.77m following the revaluation of its investment properties.
By the end of December 2016, the revenues grew by 15.85% to AED3.095bn vs. AED2.671bn, a year ago. The operating profit stood at AED1.616bn, up by 9.88%, yoy. The net profit also grew by 9.81% to AED1.218bn vs. AED1.109bn a year earlier. The net margin reached 39.38% by the end of December 2016 vs. 41.54% a year ago.
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...
DI, The leading Emirati investment company: Dubai Investments is the largest investment company listed on Dubai Financial Market (DFM). The Group is primarily involved in development of real estate for sale and leasing, contracting activities, manufacturing and trading of products in various sectors and investing in bonds, funds and equity securities. Currently, the group is managing a diversified portfolio of over 40 companies. The group operates in three main segments: Manufacturing and contra...
DI, The leading Emirati investment company: Dubai Investments is the largest investment company listed on Dubai Financial Market (DFM). The Group is primarily involved in development of real estate for sale and leasing, contracting activities, manufacturing and trading of products in various sectors and investing in bonds, funds and equity securities. Currently, the group is managing a diversified portfolio of over 40 companies. The group operates in three main segments: Manufacturing and contra...
Rental income (mostly through DIP asset) is up 21% y/y in 9M- we see more upside to 2016 rents as old leases calibrate with market rates in the next 3 yearsBut the business continues to struggle with its manufacturing arm, in which volumes are shrinking. DIC’s exposure to the segment however remains relatively minor, at 20% of overall portfolioRental assets, in isolation, are 80%+ of EV and 115% of CMP.
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