We hold an optimistic outlook on the rebound of GRM and anticipate limited downside of crude oil prices. The oil & gas sector is an appealing investment opportunity, particularly in the refinery business, where we expect a return to core profit levels in 1Q24, despite maintaining a pessimistic stance on the petrochemical sector due to the ongoing supply increase. In the oil & gas sector, we prefer PTTEP, Thai Oil, and BSRC. Maintain MARKET WEIGHT.
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....
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