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....
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Bank Muscat SAOG. Global Credit Research- 24 Jun 2021. Limassol, June 24, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Bank Muscat SAOG and other ratings that are associated with the same analytical unit.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Bank Muscat SAOG. Global Credit Research- 02 Jul 2020. Limassol, July 02, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Bank Muscat SAOG and other ratings that are associated with the same analytical unit.
Across the world, banks are being asked to take on much of the burden of easing the pain of Covid-19 lockdowns, by offering loan maturity extensions, interest holidays and cheaper credit. Borrowers with access to undrawn credit facilities may also exercise their rights, particularly if alternative sources of finance dry up. At the same time, given an uplift in unemployment and with selected companies struggling to meet their working capital requirements, some savers may withdraw deposits to m...
Reducing forecasts to reflect the new reality. We lower our 2020f net profit forecast by 41%, and now expect a 35% earnings decline this year. The key driver of this change is higher risk costs, but we also lower our volume and margin expectations. We cut our target price to OMR0.40. We now price the shares off an 8.9% normalised ROE (versus 10.0% previously) and consequently lower our target price (from a bonus-share adjusted OMR0.52 previously). On our new numbers, the shares are currently ...
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