A director at Tat Gida Sanayi A.S. bought 2,841,501 shares at 13.100TRY and the significance rating of the trade was 67/100. 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 yea...
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....
After very weak 4Q18 and 2018 yearly performances, we saw improved/normalized margins in 1Q19 and 2Q19 thanks to 1) favorable product mix, 2) operational efficiency (opex control), and 3) the decline in Private Label sales (the company’s new strategy is to lower non-branded sales and elevate branded sales), and the management had stated that it is sustainable.
After very weak 4Q18 and 2018 yearly performances, improved/normalized margins continue after 1Q19 results thanks to 1) favorable product mix, 2) operational efficiency, and 3) the decline in Private Label sales (the company’s new strategy is to lower non-branded sales and elevate branded sales), which were considered as sustainable by the management
Tat Gida reported a net income of TL13.7mn in 1Q19 (BGC: TL7.7mn, consensus: N.A.), positive... At last, we see some improvement/normalization in Tat Gida’s operational performance thanks to the reflected raw material price hikes onto the product prices, after very weak 4Q18 and 2018 yearly performances. Revenues of TL278.6mn in 1Q19, up by a small 5.6% y/y were below our TL303.0mn estimate due mainly to difficult market conditions (soaring prices, decreasing purchasing power of consumers) an...
TL7.7mn in 4Q18 vs cons of TL18.7mn. Mainly due to difficult market conditions (soaring prices, decreasing purchasing power of consumers) and stiff competition mainly coming from private label products especially on the dairy side. TL5.8mn EBITDA was very poor at 2.1% margin vs cons of TL23.7mn, 7.2%; indicating a significant weakness on a y/y (-73.2%) and q/q (-71.4%) basis. Expect a negative market reaction on the weak bottom line and poor operational performance
TAT GIDA SANAYI AS (TR), a company active in the Food Products industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 2 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date August 17, 2018, the closing price was TRY 3.56...
TL13.9m NI in 2Q18 was in-line while TL12.8m EBITDA (4.5% margin) was below cons of TL15.8 (5.6%). Income from other operations supported the bottom line in the quarter (no details at the footnotes) together with low tax rate (at 5.3%) thanks to investment incentives. Market reaction could be slightly negative on weak operational profitability. We currently see 24% upside potential in TATGD hold maint'd.
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