PM Capital Asian Opportunities Fund Limited (PAF) - Research

$0.960 0.03 (3.23%)

PAF General Information +

ASX Code PAF
Website http://www.pmcapital.com.au
GICS Sub-Industry Asset Management & Custody Banks
Market Cap ($M) 53
Current Price $0.960
Day High $0.960
Day Low $0.940
Last Close $0.930
Price Movement $0.03 ( 3.23% )
Prices as at 16:40, 23 Jul 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


PM Capital Asian Opportunities Fund Limited (PAF)
BUY
below
HOLD
up to
SELL
above
Current Price
$0.960 as at 16:40, 23 Jul 2019

Price at review
$0.960 on 02 Aug 18

Business Risk

Share Price Risk

PAF Related Research

PAF Company Overview

Business Description

PM Capital Asian Opportunities Fund Limited (PAF) invests predominantly in listed securities diversified across Asian equity markets in the Asian Region (except-Japan) to provide long-term capital growth over a seven-year plus investment period. Its portfolio is managed by PM CAPITAL Limited.

PAF Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2018 A 4.45 7.90 -53.50% 15.40 4.50 3.70% 100.0%
2017 A 9.44 17.00 0.00% 5.60 4.50 4.70% 100.0%
2016 A -3.68 -6.70 0.00% 0.00 2.50 2.70% 100.0%

PAF Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2016 A 2017 A 2018 A 2016 A 2017 A 2018 A 2016 A 2017 A 2018 A
Magellan Financial Group (MFG) $10,271M 0.3568 0.2415 0.0692 37.4653 30.1769 28.2238 2.32% 2.98% 3.17%
Netwealth Group (NWL) $1,861M 0.0000 0.7112 0.3444 92.6627 54.1494 40.2778 0.69% 1.46% 1.95%
PM Capital Asian Opportunities Fund (PAF) $53M -0.5347 0.0000 0.0000 11.8056 0.0000 0.0000 4.81% 0.00% 0.00%
Pendal Group (PDL) $2,366M 0.1207 -0.2846 0.1059 10.3233 14.4298 13.0481 6.99% 6.15% 6.49%
Platinum Asset Mgmt (PTM) $2,793M 0.0325 -0.1572 0.0348 14.5255 17.2339 16.6550 6.72% 5.67% 5.78%

PAF Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.20 11.70 0.79 0.00
Market 0.65 14.70 1.18 1.04
Sector 0.95 13.90 1.04 2.41

PAF Directors

Name Position Start Date
Mr Richard Matthews Alternate Director - Ben Skilbeck, Company Secretary 27 Oct 2015
Mr Ben Skilbeck Executive Director 15 May 2015
Mr Brett Spork Non-Executive Chairman, Non-Executive Director 20 Mar 2014
Mr Andrew Stuart McGill Non-Executive Director 20 Mar 2017
Mr Christopher Paul Knoblanche Non-Executive Director 4 Jul 2019

PAF Substantial Shareholders

Holding Name
13,253,218 (23.54%) PM CAPITAL Ltd

PAF Calendar of Events

Date Event
20 February 2020 Report (Interim)
22 August 2019 Report (Annual)
22 August 2019 Report (Prelim)

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