SPRING AIRLINES (CN), a company active in the Airlines industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 3 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date Janua...
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....
KEY HIGHLIGHTS CHINA Initiate Coverage Machinery Building up to another good year. Sector Healthcare Drug monitoring list puts drug prescription behaviour in check. Update Spring Airlines-A (601021 CH/BUY/Rmb46.80/Target: Rmb53.00) Demand outpaces capacity expansion; upgrade to BUY. TRADERS’ CORNER New World Development (17 HK): Trading Buy Range Hopson Development (754 HK): Trading Buy Range
We expect Spring’s strong underlying demand to be sustainable in 2019, thanks to its LCC model. With cost savings from the development fund and improved domestic and international monthly pax load factors, we expect 2H19 earnings to accelerate further, leading to 2019 net profit growth of 18% yoy. In addition, Spring is less susceptible to the renminbi depreciation. Upgrade to BUY with a higher target price of Rmb53.00, based on 2.8x 2019F P/B and implying 25x 2019F PE.
CHINA Initiate Coverage Machinery: Building up to another good year. Sector Healthcare: Drug monitoring list puts drug prescription behaviour in check. Update Spring Airlines-A (601021 CH/BUY/Rmb46.80/Target: Rmb53.00): Demand outpaces capacity expansion; upgrade to BUY. INDONESIA Update Acset Indonusa (ACST IJ/BUY/Rp1,375/Target: Rp2,510): Jakarta-Cikampek Elevated II toll road to be completed in September, maintain BUY. MALAYSIA Update British American Tobacco (ROTH MK/HOLD/RM28.94/Target: R...
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...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.