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....
The Abu Dhabi property market is softening, with residential and hotel rents down by 10% in 2016, while office rents are at 8-yr lows. This can compromise Aldar’s NOI growth targets in the short-term, but does little to erode valuation  But Aldar continues to guide for NOI growth to AED 2.2bn in FY 20e, of which we think AED 1.9bn is achievable from escalations in existing rental contracts. We see AED 2.4/share of value out of Aldar’s recurring income portfolio, which single-handedly acc...
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