A 27% year on year profit increase for
The strong performance is reflected in Kina producing a 2021 return on equity of 17% despite an extremely robust 23% total capital
ratio, which is broadly double the PNG regulatory minimum.
The firm continues to possess a favourable long-growth pathway, the broker suggests, with only some 15% PNG lending market
share versus a 10% level two years ago. At 6x 2022 earnings and a better than 10% dividend yield, Morgans sees the stock as too cheap.
Sector: Diversified Financials.
Target price is
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