Two Directors at Astral Ltd sold 2,500 shares at between 2,450.000INR and 2,450.040INR. The significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the ...
The independent financial analyst theScreener just requalified the general evaluation of ASTRAL (IN), active in the Building Materials & Fixtures industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date February 1, 202...
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....
Q3FY20 result highlights REX amalgamated with ASTRA’s standalone entity from 10 July 2018. Pipes (incl. REX): Ex. REX, vol. growth was ~6.5% yoy, 5% miss, on account of extended monsoons and construction activity ban in NCR region. This was much better than flat volume of Supreme Industries and 11% fall of Finolex in this quarter. Pipes EBITDA grew ~29% yoy to ~Rs1bn with margins up ~180 bps yoy to 19.7% (much better than est. of 17.5%) - lower logistics costs/rising REX margin have helped. ...
Q2FY20 result highlights REX amalgamated with ASTRA’s standalone entity from 10 July 2018. Pipes (incl. REX): Adjusting for REX, volume growth stood at a healthy ~16.7% yoy at ~31.8k MT (reported vol. growth of ~27%), while revenue came in at ~Rs5.3bn (+14% yoy; in-line). Pipes EBITDA came in at ~Rs1bn, registering a strong ~38.1% yoy growth (15% beat) – operating leverage benefits, improving REX margin and slight inventory gains have driven the outperformance here. Adhesives: Revenue fell ...
Q1FY20 result highlights REX has been amalgamated with ASTRA’s standalone entity from 10 July 2018. As a result, standalone financials reflect the entire pipes business (incl. REX) and is not comparable yoy. Pipes (incl. REX): Volume came in at ~31.7k (+41.2% yoy; in-line), while revenue came in at ~Rs4.7bn (+37.2% yoy; 7% beat) as blended realisations fell just 2.8% yoy (vs est. 10.4% fall). Pipes EBITDA came in at Rs791m (+28.2% yoy), while margins stood at 16.7% (vs 17.9% yoy; IDFCe: 16.5...
We met the management of Astral Poly Technik (ASTRA) at their annual analyst meet. Following are the key takeaways: 15% volume growth in Pipes (ex-Rex): Excluding REX, ASTRA expects ~15% volume growth in FY20E. In REX it expects to grow at 20-25% CAGR over the next 3-4 years. Medium term growth outlook for pipes segment is strong led by (1) new product launches, (2) new market seeding (incl. East India), and (3) tapping the infrastructure segment (through REX). On margins front, ASTRA believe...
Q4FY19 result highlights REX has been amalgamated with ASTRA’s standalone entity from 10 July 2018. As a result, standalone financials reflect the entire pipes business (incl. REX) and is not comparable yoy. Pipes (incl. REX): Volume came in at ~38.9k (+23.0% yoy), while revenue came in at ~Rs6bn (+20.1% yoy; 3% miss). Pipes EBITDA came in at Rs977m (+9.7% yoy), while margins stood at 16.1% (vs 17.7% yoy; IDFCe: 15.9%). REX’s margin profile is lower vs ASTRA’s non REX portfolio (16.9% margin...
Our outlook remains neutral - bordering on cautious - on the MSCI ACWI ex-U.S. index (local currency) on an absolute basis with horizontal support continuing to hold for now. Our concern stems from the recent pattern of lower highs and continued underperformance relative to MSCI ACWI - remain underweight... see chart below. • Bullish developments in Japan. We have been fairly downbeat recently on Japan given the TOPIX's descending triangle pattern and underperformance relative to the MSCI ACW...
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...
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