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....
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
The independent financial analyst theScreener just downgraded the general evaluation of DOWDUPONT INCO. (US), active in the Commodity Chemicals industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Negative. As of the analysis date May...
DowDuPont reported weak first-quarter results, as delays in planting and lower volumes across most of the specialty chemicals segments weighed on profits. After updating our valuation model, we maintain our $45 per share fair value estimate and narrow moat rating for DowDuPont. The market reacted negatively to the earnings release, sending shares down nearly 7%. At current prices, we view DowDuPont as undervalued as the company prepares to spin off the agriculture company, which will be named C...
Dow Chemical and DuPont completed a merger of equals in August 2017. The new company, named DowDuPont, has begun to split into three separate companies--one company each in agriculture, materials science, and specialty products. The materials science company, named Dow spun off from DowDuPont in April. The agriculture company, named Corteva Agriscience, will spin off in June. At that point, DowDuPont, which will hold only the specialty products company, will be renamed DuPont.DowDuPont’s portf...
DowDuPont reported weak first-quarter results, as delays in planting and lower volumes across most of the specialty chemicals segments weighed on profits. After updating our valuation model, we maintain our $45 per share fair value estimate and narrow moat rating for DowDuPont. The market reacted negatively to the earnings release, sending shares down nearly 7%. At current prices, we view DowDuPont as undervalued as the company prepares to spin off the agriculture company, which will be named ...
Rating Action: Moody's assigns Prime-2 rating to DowDuPont's commercial paper program. Global Credit Research- 24 Apr 2019. New York, April 24, 2019-- Moody's Investors Service assigned a Prime-2 rating to DowDuPont Inc.' s commercial paper program.
On April 18, DowDuPont reported preliminary results. In the agriculture business, the company expect first-quarter EBITDA to be down 25% versus the first quarter of 2018 as flooding and cold weather delayed the start of the planting season. However, DowDuPont expects to make up the profits in the remainder of the year as management guided to first half EBITDA down 3%-5% and left full-year guidance unchanged. In the specialty products division, DowDuPont guided to EBITDA down 3%, which is in line...
On April 18, DowDuPont reported preliminary results. In the agriculture business, the company expect first-quarter EBITDA to be down 25% versus the first quarter of 2018 as flooding and cold weather delayed the start of the planting season. However, DowDuPont expects to make up the profits in the remainder of the year as management guided to first half EBITDA down 3%-5% and left full-year guidance unchanged. In the specialty products division, DowDuPont guided to EBITDA down 3%, which is in line...
On April 18, DowDuPont reported preliminary results. In the agriculture business, the company expect first-quarter EBITDA to be down 25% versus the first quarter of 2018 as flooding and cold weather delayed the start of the planting season. However, DowDuPont expects to make up the profits in the remainder of the year as management guided to first half EBITDA down 3%-5% and left full-year guidance unchanged. In the specialty products division, DowDuPont guided to EBITDA down 3%, which is in line...
On April 1, DowDuPont spun off of the materials science business, named Dow. The spin-off was the first of two separations that will result in three separate companies, a commodity chemicals business (Dow), a specialty chemicals business (named DuPont) and an agriculture business (named Corteva). On April 2, DowDuPont began trading on an ex-Dow basis. Having updated our DowDuPont model, our fair value estimate falls to $45 per share from $63. Our narrow moat rating is intact. Our $45 per share ...
On April 1, DowDuPont spun off of the materials science business, named Dow. The spin-off was the first of two separations that will result in three separate companies, a commodity chemicals business (Dow), a specialty chemicals business (named DuPont) and an agriculture business (named Corteva). On April 2, DowDuPont began trading on an ex-Dow basis. Having updated our DowDuPont model, our fair value estimate falls to $45 per share from $63. Our narrow moat rating is intact. Our $45 per share ...
On April 1, DowDuPont spun off of the materials science business, named Dow. The spin-off was the first of two separations that will result in three separate companies, a commodity chemicals business (Dow), a specialty chemicals business (named DuPont) and an agriculture business (named Corteva). On April 2, DowDuPont began trading on an ex-Dow basis. Having updated our DowDuPont model, our fair value estimate falls to $45 per share from $63. Our narrow moat rating is intact. Our $45 per share f...
Anticipated by the market since the mega-merger of Dow and DuPont in 2017, the three-way split will take its first step with the separation of Dow, Inc. (DOW) on April 1, 2019. As a result, DOW will enter the S&P 500 Index (replacing MetLife's Spinoff Brighthouse Financial, BHF), and DWDP continues down its break-up path to June's distribution of Corteva, Inc. (CTVA). The Edge View... DWDP (Parent, ex-Spins): We remain positive on DWDP (ex-DOW & CTVA) considering its higher margin profile compa...
APD currently trades near historical highs relative to UAFRS-based (Uniform) Assets, with a 2.2x Uniform P/B. At these levels, the market is pricing in expectations for Uniform ROA to expand from 6% in 2018 to record highs of 11% through 2023, accompanied by immaterial Uniform Asset growth going forward. Analysts also have bullish expectations for the firm, projecting Uniform ROA to increase to 8% through 2020, accompanied by 2% Uniform Asset growth. However, management appears to have concerns ...
DowDuPont Inc. (DWDP:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 15.7x Uniform P/E, implying bearish expectations for the firm. Moreover, management has concerns about organic revenue growth, demand across their divisions, capex, and cost synergies. Specifically, management may lack confidence in their ability to sustain growth in organic revenue, EBITDA, and sales volume across their key segments, amidst challenging market conditions. Moreo...
STRATEGY: UP AND AWAY The market's bounce off of the December, 2018 low was a swift “V†reversal. While we often see a retest of such events, our outlook since that time has repeatedly suggested that a retest may not occur. The reason has to do with the percentage of stocks trading above their 200-day moving average. We have only reached oversold extremes similar to what we saw in Q4, 2018 once since the 2009 low. At that time, which was 2011, and on the back of perceived, further, economic...
As DowDuPont prepares to split into three separate companies later this year, the company's materials science business will face margin compression related to lower oil prices, as management guided for first-quarter EBITDA to be down low-20% year on year. Having updated our model to account for lower near-term profits, we've reduced our fair value estimate for DowDuPont to $63 per share from $66. Our narrow moat rating remains intact. The market reacted negatively to management's tempered out...
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.