A director at Khon Kaen Sugar Industry Public Company Limited bought 84,700 shares at 2.610THB and the significance rating of the trade was 34/100. 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 director...
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 Results Beijing Easpring Material Technology (300073 CH/BUY/Rmb42.76/Target: Rmb50.00): 2020: Results in line; steady growth expected In 2021 amid EV battery demand boom. China Molybdenum (3993 HK/BUY/HK$4.83/Target: HK$5.80): 2020: Results in line; positive on 2021 earnings recovery on rebounding metals prices. Geely Auto (175 HK/HOLD/HK$22.55/Target: HK$22.00): 2H20: Results disappoint with net profit down 23% yoy, up 41% hoh. Downgrade from BUY to HOLD. Cut target price from HK$...
GREATER CHINA Sector E-Commerce: Entering a new era of shopping. Update ANTA Sports Products (2020 HK/BUY/HK$130.00/Target: HK$140.00): Hiccup in 4Q20 operating performance. Shanxi Xinghuacun Fenjiu (600809 CH/HOLD/Rmb397.00/Target: Rmb393.00): Benefitting from potential hikes in prices and shipments. Wuliangye Yibin (000858 CH/BUY/Rmb305.33/Target: Rmb339.00): Successful restructuring to drive future growth; upgrade to BUY. INDONESIA Sector Plantation: Potential upside for plantation companies...
GREATER CHINA Update Kweichow Moutai (600519 CH/BUY/Rmb1,998/Target: Rmb2,211): High visibility in earnings growth prospects. INDONESIA Update Medco Energi Internasional (MEDC IJ/BUY/Rp590/Target: Rp1,000): A 22% yoy increase in oil prices should bring about a 16% yoy EBITDA growth in 2021. Maintain BUY. MALAYSIA Sector Banking: Despite the sector’s recent strong outperformance, valuations remain appealing. Strong provision and liquidity buffers remain in place. Maintain OVERWEIGHT. Oil & Gas:...
KEY HIGHLIGHTS Results Khon Kaen Sugar Industry (KSL TB/HOLD/Bt2.26/Target: Bt2.33) 4QFY20: Earnings better than our expectations. Upgrade to HOLD. Update Total Access Communication (DTAC TB/HOLD/Bt33.25/Target: Bt34.00) 4Q21 results preview: Expect qoq earnings pressure from higher cost. Downgrade to HOLD.
GREATER CHINA Sector Aviation: Expect further re-rating In anticipation of vaccine roll-out and a surge in cargo yields. Upgrade to MARKET WEIGHT. Initiate Coverage Jiumaojiu International Holdings (9922 HK/BUY/HK$19.70/Target: HK$22.00): Riding on operational efficiency and large expansion potential. Initiate coverage with BUY. INDONESIA Update Bank Rakyat Indonesia (BBRI IJ/BUY/Rp3,260/Target: Rp3,650): Expecting 67% yoy net profit growth in 2021; interest income has bottomed out. MALAYSIA R...
GREATER CHINA Update WuXi Biologics (Cayman) Inc (2269 HK/BUY/HK$138.60/Target: HK$170.00): Turning challenges into opportunities. INDONESIA Update Pratama Widya (PTPW IJ/NOT RATED/Rp905): Highest margin in the construction sector with exposure to high-speed railway. MALAYSIA Sector REITs: Retail- and hospitality-centric REITs were the hardest hit by Covid-19, while offices were relatively resilient. MQREIT is our top pick for the sector. Results UEM Sunrise (UEMS MK/HOLD/RM0.45/Target: RM0.48...
GREATER CHINA Sector Banking: Stress test shows little possibility of a systemic collapse. Results Stella International Holdings (1836 HK/BUY/HK$8.58/Target: HK$11.20): 2019: Robust earnings growth on margin recovery; gloomy outlook for 2020. Zhongsheng Group Holdings (881 HK/HOLD/HK$24.60/Target: HK$27.00): 2019: Results beat our and consensus estimates with net profit up 24% yoy. Maintain HOLD. Target price: HK$27.00. Entry price: HK$22.00. INDONESIA Update AKR Corporindo (AKRA IJ/BUY/Rp1,600...
The independent financial analyst theScreener just upgraded the general evaluation of KHON KAEN SUGAR IND.PCL. (TH), a company active in the Food Products industry. As regards its fundamental valuation, the title confirms its rating of 2 out of 4 stars while its market behaviour remains as moderately risky. theScreener believes, however, that a more enabling environment allows the title to increase its general evaluation to Neutral. As of the analysis date February 21, 2020, the closing price wa...
GREATER CHINA Economics PMI: Too early to call a bottom. Sector Wind Power: Solid developments to continue in 2020. INDONESIA Sector Banking: First quarter’s seasonal effect should underpin a further rally. MALAYSIA Sector Banking: Nov 19 loan growth and approvals remain muted; relatively stable GIL ratio but a slight deterioration in residential property GIL. Maintain MARKET WEIGHT. SINGAPORE Strategy 1H20 Outlook: Taking A Defensive Stance: We forecast 4.3% earnings growth in 2020 and hav...
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