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....
In this note we update our thoughts on Covid-19 and draw early lessons post the start of Q1 results. The economic impact is the overriding issue, as it drives broad-based consumer and business spending cuts, and is quite varied across the region.
Dividend cuts has been a focus for investors in Europe over the last month. In this note we run through why we think Asian telcos are likely to see much more stable shareholder remuneration driven by lower leverage, no evidence of any ‘solidarity measures’, and recent results highlighting dividend importance to the equity story.
HKBN results were heavily impacted by acquisitions (WTT/JOS) and accounting changes (IFRS), but dividend momentum was in focus and management confidence was high with a 9% y/y increase in dividend and a commitment to keep the dividend stable (at least) in H2.
KEY HIGHLIGHTS CHINA Sector Telecom Equipment 5G licence grant - A strong policy boost despite external uncertainty. Update GCL-Poly Energy (3800 HK/BUY/HK$0.49/Target: HK$0.61) Key takeaways from reverse roadshow in Xuzhou. Upgrade to BUY. TRADERS’ CORNER HKBN (1310 HK): Trading Buy Range Times China (1233 HK): Trading Buy Range
KEY HIGHLIGHTS CHINA Economics Money Supply Encouraging surge in new TSF, but slowing M1 growth a concern. Sector Cement Infrastructure FAI stimulus speeds up in eastern and southern regions. HONG KONG Sector Property Weekly wrap-up: More positive signs. TRADERS’ CORNER Sunlight REIT (435 HK): Trading Buy Range HKBN (1310 HK): Trading Buy Range
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.