Medium-term optimism holds. Pickup in GDP growth, policy rate hikes, and moderating CBK provisioning requirements are among the main factors shaping the outlook for Kuwait banks through end-2023e – together these translate into favourable growth and profitability prospects for banks. That said, Kuwait banks trade at, or close to, their all-time-high levels, implying these upside risks are already largely captured, rendering selectivity as the preferred approach.Single out NBK. We flag NBK as the...
A director at The Gulf Bank bought 4,500,000 shares at 0.266KWD and the significance rating of the trade was 100/100. 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 last two years clea...
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....
Well-positioned in current macroeconomic backdrop. We view Kuwait positively, given its: i) eyed consumption recovery in 2019 (+3.5%) and continued growth in non-oil GDP (+3% in 2019-20e, double its 5-year historical average), ii) relatively low fiscal breakeven oil price (USD50/bbl, c30% discount to GCC average), iii) healthy financial buffers through KIA, safeguarding spending, and iv) prospect MSCI inflows, on the potential upgrade to EM in May-19 (likely to represent 0.3% of EM index, bringi...
FINANCIAL INSTITUTIONS CREDIT OPINION 18 October 2017 Update Contacts Alexios Philippides 357-2569-3031 AVP-Analyst [email protected] Stelios Kyprou 357-2569-3002 Associate Analyst [email protected] Constantinos Kypreos 357-2569-3009 Senior Vice President [email protected] Henry MacNevin 44-20-7772-1635 Associate Managing Director [email protected] Sean M
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...
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