The general evaluation of BUPA ARABI (SA), a company active in the Life Insurance industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 2 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date January 25, 2022, the closing price was SAR 141.00 and its p...
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....
Challenging fundamentals but stock is oversold. Bupa underperformed the market over the past week on concerns that the Chairman of Bupa and Nazer Group (9% ownership), may in some form be implicated in relation to the ongoing corruption purge. The aggravated sell-off is unjustified, in our view, given Bupa’s low exposure to government contracts. With the main shareholder being Bupa Overseas, we also do not expect the company to face operational difficulties which would contradict with government...
Overweight on 4% lower TP of SAR146/share. Our updated valuation for Bupa factors in lower growth assumptions and underwriting margins, as benign market conditions are likely to continue at least in 1H17. We lower our GWP forecasts for 2017-19 by 10% p.a., in line with our updated sector assumptions and raise Bupa’s loss ratio by an average of 130bps. This is partially offset by the rolling over of our valuation by 1 year. Bupa continues to have a strong foothold in Saudi’s health insurance mark...
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...
Single health insurance policy propels growth. In Jul-16 CCHI* set Apr-17 as a deadline for conducting a single health insurance policy for each private employer, in an effort to expedite the coverage of the remaining uninsured 3.7mn from 14.7mn mandated to be covered in the private sector. This policy bodes well for Bupa, Saudi’s leading health insurer (43.6% market share in 1H16), which has the financial capacity to capitalise on its market position to grow its core portfolio, improve investme...
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