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....
Tough regulations cloud telecoms market. Over the past 2-3 quarters, the CITC took measures, which clouded the sector in 1Q18 and should continue to in 2018, including: i) banning automatic renewal for bundles, as of Jan 2018, limiting revenue from out-of-bundle, ii) implementing a 5% VAT, starting Jan 2018, that should result in lower usage, iii) cutting MTR rates by 45% in Dec 2017, pressuring interconnection revenue, and iv) lifting the ban on VoIP services, as of end of 3Q17, decreasing reve...
Zain Group’s Q1 2017 revenues were crushed by 10.8% to KWD247m, on the back of the decrease affecting its two main revenue contributors, Kuwait and Iraq, in addition to the significant currency devaluation in Sudan. Indeed, Zain Kuwait’s revenues decreased by 5.1% mainly due to the aggressive price competition in the country. Zain Iraq’s revenues also went down by 5.2% to KWD77m, severely hampered by worsening economic conditions and currency exchange rate, in addition to an aggressive pri...
Zain Group’s FY 2016 revenues decreased by 4.4% to KWD1.087bn, negatively affected by the continued drop of its main revenue contributor, the Iraqi entity, and by the significant currency devaluation in Sudan. Indeed, Zain Iraq’s revenues went down by 10.7% to KWD327m, severely hampered by the continued political and civil instability, with a c.30.1% contribution to sales vs. 32.2% in 2015 and 37.5% in 2014. Despite the intense price competition, Zain Kuwait managed to maintain stable revenu...
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...
Zain Group’s 9M 2016 revenues decreased by 3.4% at KWD826m, with a drop affecting its two main revenue contributors, Iraq and Kuwait. Zain Iraq’s revenues went down by 12.5% to KWD242m, severely hampered by the continued political and civil instability, with a c.29.3% contribution to sales v.s. 32.4% in 9M 2015 and 38.1% in 9M 2014. Zain Kuwait’s revenues also decreased by 1.3% mainly due to an intense price competition. By contrast, Zain Sudan performed exceptionally well during this peri...
Zain Group’s 9M 2015 revenues crushed by 7.2% at KWD855M, with a decrease affecting its two main revenue contributors, Iraq and Kuwait. Zain Kuwait’s revenues decreased by 7.1% mainly due to OTT impact. Iraq’s revenues also went down by 21.1% to KWD277M, severely hampered by the escalation of political and social instability, which has led to the internal displacement of several million people, coupled with the fact that Zain Iraq has been enduring frequent temporary network shutdowns (wit...
Zain Group's H1 2015 revenues crushed by 10% at KWD562M with a decrease affecting its two main revenue contributors, Iraq and Kuwait. Zain Kuwait's revenues decreased by 9.8% mainly due to OTT impact. Iraq’s revenues also went down by 25.2% to KWD180M, severely hampered by the escalation of political and social instability, which has led to the internal displacement of several million people, coupled with the fact Zain Iraq has been enduring frequent temporary network shutdowns (with a c.32% c...
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