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....
NIPPON TELG. & TEL. (JP), a company active in the Integrated Telecommunications industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date July 16, 2021, the closing price was JPY 2,875.00 and its pote...
Following strong numbers from SoftBank Corp yesterday, and slightly less strong from KDDI earlier in the week, NTT has reported another strong set of Q3 figures, with group trends largely maintained or improved from surprisingly good Q2 levels.
NTT has reported an exceptionally strong set of Q2 figures, with significantly improving group trends and despite the increased leverage from the DOCOMO buyout has also announced a ¥250bn share buyback, which we were not expecting at this stage.
NTT’s headline Q1 figures are well ahead of consensus expectations, despite a much sharper Covid-19 impact than the mobile operators have seen. Revenue declines deteriorated to -5.1% from -1.6%, but aggressive cost cutting means that EBIT only fell 1.5% and was 7% ahead of consensus.
Overweight Global Technology & Industrials The absence of breakdowns in both the US dollar (DXY) and the MSCI EAFE vs. EM ratio along with the positive correlation between the two allows us to continue sticking with EAFE over EM... see charts below. As long as the DXY's uptrend remains intact, we expect EAFE to continue outperforming EM. Below we highlight attractive and actionable themes within developed int'l markets: • Technology and Industrial Manufacturing. Technology and Industrials ...
Buoyed by outperformance in the US, the MSCI ACWI is the only broad global index that has yet to make a lower low relative to the lows set in June. This deterioration for ACWI ex-US, EAFE, and EM, continued bearish-leaning indicators, and continued downside volatility in bond yields leads us to remain cautious and concerned that global equities remain vulnerable and could be poised for additional weakness moving forward. • Additional bearish-leaning developments. In addition to the concerns ...
On an underlying basis, narrow-moat Nippon Telegraph & Telephone Corp's, or NTT’s, fiscal 2018 (year ending March 2019) result was slightly below our expectations as was the company’s guidance for fiscal 2019. We make slight downgrades to our earnings forecasts and reduce our fair value estimate to JPY 5,200 per share from JPY 5,400 previously. Our fair value estimate implies a forward price/earnings multiple of 11.6 times and a 3.7% dividend yield with the stock looking slightly undervalued...
On an underlying basis, narrow-moat Nippon Telegraph & Telephone Corp's, or NTT’s, fiscal 2018 (year ending March 2019) result was slightly below our expectations as was the company’s guidance for fiscal 2019. We make slight downgrades to our earnings forecasts and reduce our fair value estimate to JPY 5,200 per share from JPY 5,400 previously. Our fair value estimate implies a forward price/earnings multiple of 11.6 times and a 3.7% dividend yield with the stock looking slightly undervalued...
On an underlying basis, narrow-moat Nippon Telegraph & Telephone Corp's, or NTT’s, fiscal 2018 (year ending March 2019) result was slightly below our expectations as was the company’s guidance for fiscal 2019. We make slight downgrades to our earnings forecasts and reduce our fair value estimate to JPY 5,200 per share from JPY 5,400 previously. Our fair value estimate implies a forward price/earnings multiple of 11.6 times and a 3.7% dividend yield with the stock looking slightly undervalued...
On an underlying basis, narrow-moat Nippon Telegraph and Telephone Corp's, or NTT’s, third-quarter fiscal 2018 (quarter-ending September 2018) result was slightly better than our expectations and the company lifted its full-year dividend guidance to JPY 180 per share from JPY 170 per share. We keep our earnings forecasts largely unchanged and retain our fair value estimate of JPY 5,400. Our fair value estimate implies a forward price/earnings multiple of 11.7 times and a 3.3% dividend yield w...
On an underlying basis, narrow-moat Nippon Telegraph and Telephone Corp's, or NTT’s, third-quarter fiscal 2018 (quarter-ending September 2018) result was slightly better than our expectations and the company lifted its full-year dividend guidance to JPY 180 per share from JPY 170 per share. We keep our earnings forecasts largely unchanged and retain our fair value estimate of JPY 5,400. Our fair value estimate implies a forward price/earnings multiple of 11.7 times and a 3.3% dividend yield w...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.