Two Directors at Naver Co Ltd sold/bought 500 shares at between 180,300.000KRW and 190,100.000KRW. The significance rating of the trade was 69/100. 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 director...
NAVER (KR), a company active in the Internet industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as moderately risky. At the fundamental level, theScreener confirms the rating of 1 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Neutral even if it remains under pressure. As of the analysis date March 11, 2022, the closing price was KRW 329,000.00 ...
The general evaluation of CHINA COMMN CONSN (HK), a company active in the Heavy Construction industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 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 February 1, 2022, the closing price was HKD 4.52 ...
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....
Growth Sectors Continue To Improve -- Add Exposure Risk-on signals continue to pile up, which continues to support our constructive outlook. Building off of last week's report, growth Sectors such as Technology and Communications continue to improve and we recommend adding exposure (e.g., Bilibili BILI-US/9626-HK). Index Overviews. Things remain status quo at the index level. The MSCI ACWI, ACWI ex-US, and EAFE indexes remain in uptrends, with the latter two testing uptrend support. The MSCI E...
A director at Surfilter Network Technology Co Ltd sold 12,498,500 shares at 6.430CNY and the significance rating of the trade was 69/100. 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...
Battleground Spot For Global Equities Last week we highlighted what appeared to be rising wedge breakdowns in the MSCI ACWI, ACWI ex-US, EM, and EAFE indexes, and suggested some consolidation made sense as we get a feel for how the process of re-opening the economy is going. It ended up being a very brief consolidation period and all horizontal support levels held strong. With all the aforementioned indexes breaking above the resistance levels that we highlighted last week, it tells us momentum...
Buoyed by outperformance in the US, the MSCI ACWI is the only broad global index that has yet to make a lower low relative to the lows set in June. This deterioration for ACWI ex-US, EAFE, and EM, continued bearish-leaning indicators, and continued downside volatility in bond yields leads us to remain cautious and concerned that global equities remain vulnerable and could be poised for additional weakness moving forward. • Additional bearish-leaning developments. In addition to the concerns ...
We are dropping analyst coverage of China Communication Construction. We provide broad coverage of more than 1,500 companies across more than 90 industry groups and adjust our coverage as necessary based on client demand and investor interest.
We are dropping analyst coverage of China Communication Construction. We provide broad coverage of more than 1,500 companies across more than 90 industry groups and adjust our coverage as necessary based on client demand and investor interest....
No-moat China Communications Construction Company, or CCCC, reported 2018 second-half results in line with our estimates. As China’s financing environment continues to tighten, we expect the constructor to cut back on the number of public-private-partnership projects, leading to lower margins in the years to come. The negative impact on profitability, however, will be offset by a lower level of capital expenditures going out. As a result, we maintain our fair value estimate of HKD 8.60 on CCCC...
No-moat China Communications Construction Company, or CCCC, reported 2018 second-half results in line with our estimates. As China’s financing environment continues to tighten, we expect the constructor to cut back on the number of public-private-partnership projects, leading to lower margins in the years to come. The negative impact on profitability, however, will be offset by a lower level of capital expenditures going out. As a result, we maintain our fair value estimate of HKD 8.60 on CCCC...
For 2019, Chinese local governments will be allowed to issue CNY 2.15 trillion special purpose bonds, increasing more than 50% from last year. Since these bonds are a key funding source for infrastructure projects, we think the jump in quota signals the central authority’s will to encourage government-driven infrastructure projects to stimulate GDP growth. While we anticipate infrastructure investment to rebound in 2019, much of that expectation has already baked into our valuation for no-moat...
For 2019, Chinese local governments will be allowed to issue CNY 2.15 trillion special purpose bonds, increasing more than 50% from last year. Since these bonds are a key funding source for infrastructure projects, we think the jump in quota signals the central authority’s will to encourage government-driven infrastructure projects to stimulate GDP growth. While we anticipate infrastructure investment to rebound in 2019, much of that expectation has already baked into our valuation for no-moat...
The MSCI ACWI and ACWI ex-US have managed to break above their respective 200-day moving averages, providing further evidence that global equities are going through a bottoming process. • Remain overweight China which is leading global equities higher. RS uptrends remain intact for the Shanghai Composite and MSCI China indexes. In today's report we highlight a number of actionable charts Chinese companies, focusing on less-exploited price patterns... see page 2. • EAFE small- vs large-cap...
No-moat China Communication Construction Company's, or CCCC's, reported third-quarter earnings that are on track to deliver our full-year estimate. Foreign exchange gains boosted the group’s bottom line, which booked a decent 11% year-over-year growth in the third quarter. Excluding such gains, CCCC’s third-quarter net income dropped by 10% compared with the same period last year. We maintain our fair value estimate of HKD 8.60 per share on CCCC and consider the current market price fairly v...
No-moat China Communication Construction Company's, or CCCC's, reported third-quarter earnings that are on track to deliver our full-year estimate. Foreign exchange gains boosted the group’s bottom line, which booked a decent 11% year-over-year growth in the third quarter. Excluding such gains, CCCC’s third-quarter net income dropped by 10% compared with the same period last year. We maintain our fair value estimate of HKD 8.60 per share on CCCC and consider the current market price fairly v...
After transferring coverage of China Communication Construction Company, or CCCC, to a new analyst, we are lowering our fair value estimate to HKD 8.60 from HKD 12.50. The bulk of the downward adjustment comes from the expectation of slowing infrastructure project demand that will put pressure on the company’s margins for the next couple of years. Recovery in margins will more likely be seen over the longer term (post-2023) as capital investment toll roads start to bear fruit. Our valuation ha...
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