4 Stocks Starting With 'P' - PPT, PDL, PGH And PPS

4 min read | April 06, 2019 10:15 AM AEDT | By Team Kalkine Media

In order to fully understand the performance of a stock, it is very important for an investor to learn about the operational performance of the stock. Let’s take a look at few stocks which are trading on ASX.

Perpetual Limited (ASX:PPT)

Diversified financial services company, Perpetual Limited (ASX: PPT) offers various investment offers across Australian and global shares.

Recently in March 2019, the company announced the opening of the Initial Public Offering for the Perpetual Credit Income Trust, which will provide individual investors with access to credit and fixed income assets. On 29 March 2019, UBS Group AG and its related bodies corporates ceased to be substantial holder of the group.

On the stock performance front, in the past six months, the share price of the company decreased by 5.53%, and PPT’s shares traded at $40.16 with a market capitalisation of $1.86 billion as on 5 April 2019 (AEST 03:11 PM).

Pendal Group Limited (ASX:PDL)

Independent global investment management business, Pendal Group Limited (ASX: PDL) is one of Australia’s leading pure investment manager. As at 31st December 2018, the company had $92.8 billion in funds under management, which includes Pendal Australia FUM of $44.4 billion and JOHCM FUM of $48.4 billion. During the December quarter of 2019, the most significant impact on Pendal Group’s FUM was adverse markets, which saw the MSCI All Countries World Index in local currency terms declined 12.3% and the S&P/ASX All Ordinaries Index fell by 9.7% over the period.

On the stock performance front, in the past six months, the share price of the company increased by 9.58%, and PDL’s shares traded at $9.380, down 1.159% during days’ trade with a market capitalisation of $3.02 billion as on 5 April 2019 (AEST 03:38 PM).

Pact Group Holdings Limited (ASX:PGH)

Pact Group Holdings Limited (ASX: PGH) is a leading provider of specialty packaging solutions, which is having operations across 15 countries. For the half year ended 31 December 2018, the company reported revenue and other income from ordinary activities of $921.252 million, which is 13.4% higher than the previous corresponding period (pcp). Further, the company reported a statutory net loss of $319.6 million in the half year period. The earnings were significantly impacted due to lag in recovering higher raw material and Australian energy costs.

On the stock performance front, in the past six months, the share price of the company decreased by 20.0%, and PGH’s shares traded at $2.710, down 1.812% during days’ trade with a market capitalisation of $949.42 million as on 5 April 2019 (AEST 03:46 PM).

Praemium Limited (ASX:PPS)

Praemium Limited (ASX: PPS) recently announced a major expansion in its relationship with Morgan Stanley Wealth Management Australia, under which Morgan Stanley will utilise the company’s fully integrated managed accounts platform, which covers all custodial and non-custodial assets.

During the first half of FY2019, the company reported a record underlying EBITDA of $5.1 million and 7% growth in its revenue and other income. The company’s FUA increased by 14% to $8.4 billion in H1 FY2019.

With its expanded sales and marketing capability, the company is very much focused on accelerating its growth.

On the stock performance front, in the past six months, the share price of the company decreased by 46.98%, and PPS’s shares traded at $0.555, down 2.632% during days’ trade with a market capitalisation of $237.01 million as on 5 April 2019 (AEST 03:46 PM).


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