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....
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Aldar Properties PJSC. Global Credit Research- 26 Apr 2021. London, 26 April 2021-- Moody's Investors Service has completed a periodic review of the ratings of Aldar Properties PJSC and other ratings that are associated with the same analytical unit.
CI Capital is effective today restricting equity research coverage on Aldar Properties. Restriction of coverage entails that our analyst(s) will no longer be giving any forward-looking statements or views on the stock until further notice. Our last published rating on Aldar Properties was Overweight and target price was AED3.70 per share.
ALDAR PROPERTIES (AE), a company active in the Real Estate Holding & Development industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 19, 2021, the closing price was AED ...
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Solid exposure to AD property market. We raise our TP by 35% to AED3.70/share, primarily on improved outlook for the company’s recurring income portfolio (NOI up c20% in coming five years). Aldar’s property segment posted a strong 9M20, recording sales of AED2.0bn despite no new launches, and revenue of AED3.4bn (+64% y-o-y). This was enough to offset the 16% drop seen in recurring income, with the retail segment primarily impacted by the pandemic. Aldar’s backlog stands at AED3.1bn, recognisabl...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Aldar Properties PJSC. Global Credit Research- 17 Jun 2020. DIFC- Dubai, June 17, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Aldar Properties PJSC and other ratings that are associated with the same analytical unit.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Aldar Properties PJSC. Global Credit Research- 28 Jun 2019. DIFC- Dubai, June 28, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Aldar Properties PJSC and other ratings that are associated with the same analytical unit.
Abu Dhabi economy on the rise. Higher oil prices (+14% y-t-d) and the announcement of a 3-year AED50bn stimulus package in Jun-18, with 40% earmarked for 2019, have contributed to an improved economic outlook for Abu Dhabi. This has reflected on the ADX performance (+11% y-t-d, +6% since Jun-18), but not real estate sector, be it on a sector level (real estate indicators still pointing downwards through 3Q18) or for real estate stocks in Abu Dhabi (Aldar: -20% y-t-d). Higher government spending,...
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