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....
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...
​We lift our BUY TP to NT$45; investors can still expect a 15% total return with the inclusion of an upcoming cash dividend (going ex-div for NT$2.4 cash DPS on Aug. 25): We have cited GM expansion and market share gains in overseas markets as the key fundamental growth drivers for Greatek. For reference, while we expect GM expansion to slow into 2017F, we still think the stock is suitable for value investors here, even though it has already enjoyed a stellar share price run. Our new TP is bas...
We lift our BUY TP to NT$43 as we raise 2016F/17F EPS by 8% apiece to NT$3.8/4.0. At 9x 2016F EPS, 1.4x 2016F BVPS (15% ROE), 25% of mkt. cap as net-cash and a 7% cash yield, we think the unexpected margin expansion trend will be a positive share price driver. In addition, Greatek is gaining share in overseas markets. 1Q16 results were a nice surprise. While its 1Q16 sales were down 2% QoQ, its 1Q16 GM of 29% was up 3.3 ppt QoQ & 0.9 ppt YoY, despite a less favorable FX environment in 1Q16.
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