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Kina Securities Evaluates Impact of PNG Government Account Transfers

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Kina Securities Evaluates Impact of PNG Government Account Transfers

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An update from Kina Securities Ltd. ( (AU:KSL) ) is now available.

Kina Securities Limited has acknowledged a directive from the Papua New Guinea Government to transfer certain government accounts to the National Banking Corporation Limited. An initial assessment by Kina suggests that the potential financial impact on their net profit after tax (NPAT) from this transfer is not significant. The company remains committed to keeping the market informed in accordance with its disclosure obligations.

The most recent analyst rating on (AU:KSL) stock is a Buy with a A$1.67 price target. To see the full list of analyst forecasts on Kina Securities Ltd. stock, see the AU:KSL Stock Forecast page.

More about Kina Securities Ltd.

Kina Securities Limited is a financial services company operating in Papua New Guinea, providing a range of banking and financial products. The company is listed on both the Australian Securities Exchange (ASX) and the Papua New Guinea Exchange (PNGX), focusing on delivering diversified financial services to its clientele.

Average Trading Volume: 202,406

Technical Sentiment Signal: Buy

Current Market Cap: A$366.8M

Learn more about KSL stock on TipRanks’ Stock Analysis page.

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