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....
​We upgrade our recommendation for Okmetic to Buy (Accumulate) and raise our target price to 8.0 EUR (7.7 EUR) after a solid Q4-report. Okmetic’s investment case is based on Okmetic’s solid long term growth fundamentals, improving profitability trend, low earnings based valuation (P/E 13x) and strong dividend yield (>6 %).
​We expect that Okmetic will continue to outperform the struggling silicon wafer industry by accelerating the shift to high-margin silicon wafers. The share gives a good >6 % annual dividend yield and an option for upside since the current valuation multiples are relatively conservative.
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