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Platinum Asia Investments Ltd.
(Sydney:PAI)
Platinum Asia Investments Ltd. (PAI) vs. iShares MSCI Australia ETF (EWA)
Platinum Asia Investments Ltd. Business Overview & Revenue Model
Platinum Asia Investments Ltd. Financial Statement Overview
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 77.59M | 24.02M | 12.39M | -61.16M | 114.83M | 61.92M |
| Gross Profit | 72.95M | 23.92M | 11.37M | -67.33M | 116.97M | 61.62M |
| EBITDA | 33.08M | 186.00K | 1.13M | 5.79M | -1.93M | 2.32M |
| Net Income | 53.57M | 13.72M | 4.54M | -47.45M | 75.93M | 38.61M |
Balance Sheet | ||||||
| Total Assets | 418.74M | 383.10M | 384.85M | 397.16M | 498.66M | 432.12M |
| Cash, Cash Equivalents and Short-Term Investments | 395.92M | 360.37M | 345.66M | 324.06M | 401.42M | 405.62M |
| Total Debt | 0.00 | 0.00 | 707.00K | 31.00K | 0.00 | 0.00 |
| Total Liabilities | 12.09M | 910.00K | 1.43M | 1.52M | 27.27M | 13.34M |
| Stockholders Equity | 406.64M | 382.19M | 383.42M | 395.64M | 471.39M | 418.78M |
Cash Flow | ||||||
| Free Cash Flow | 5.17M | 1.02M | -17.23M | -8.30M | 96.81M | -33.20M |
| Operating Cash Flow | 5.17M | 1.02M | -17.23M | -8.30M | 96.81M | -33.20M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -33.11M |
| Financing Cash Flow | -9.04M | -14.96M | -16.77M | -28.30M | -23.31M | -13.24M |
Platinum Asia Investments Ltd. Technical Analysis
Platinum Asia Investments Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | 23.53 | 4.40% | 4.38% | -4.33% | -13.07% | ||
71 Outperform | 7.94 | 13.94% | 1.30% | 1599.47% | ― | ||
70 Outperform | 29.84 | 3.53% | 3.76% | 9.87% | 5.04% | ||
68 Neutral | 28.05 | 3.96% | 3.82% | -3.41% | -4.97% | ||
68 Neutral | 31.23 | 3.68% | 3.54% | 1.81% | 0.50% | ||
62 Neutral | AU$10.00B | 9.01 | 11.83% | 4.99% | 33.36% | 41.81% |
Platinum Asia Investments Ltd. Corporate Events
Platinum Asia Investments Limited has announced its estimated weekly pre-tax Net Tangible Asset (NTA) backing per share as of April 17, 2025, which stands at $1.0588. This update, although unaudited and indicative, provides stakeholders with insight into the company’s asset valuation and financial health, potentially impacting investor confidence and market positioning.
Platinum Asia Investments Ltd. reported a strong quarterly performance, driven by significant gains in Chinese technology stocks like Tencent and Alibaba, as well as Korean semiconductor manufacturer SK hynix. Despite global tariff threats, the company remains optimistic, concentrating on domestically oriented businesses with attractive valuations. The emergence of AI competitor DeepSeek and stabilization in China’s property market are seen as positive developments, contributing to the robust performance of Chinese stocks over the past year.
Platinum Asia Investments Limited announced its estimated weekly pre-tax Net Tangible Asset (NTA) backing per share as of April 11, 2025, was $1.0646. This unaudited and indicative figure provides stakeholders with insight into the company’s asset valuation, reflecting its current market positioning and potential implications for investor confidence.
Platinum Asia Investments Ltd. has announced the application for quotation of 13,661 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of a dividend or distribution plan, potentially enhancing the company’s market presence and offering additional value to its stakeholders.
Platinum Asia Investments Ltd. announced a change in the location of its registry provider’s office in Sydney, effective April 14, 2025. This move involves MUFG Corporate Markets (AU) Limited, previously known as Link Market Services Limited, relocating to a new address at Liberty Place, Level 41, 161 Castlereagh St, Sydney. The change is part of the company’s operational adjustments, though contact details remain the same, ensuring continuity for stakeholders.
Platinum Asia Investments Limited has announced a proposed restructure allowing shareholders to exchange their shares for units in the Platinum Asia Fund Complex ETF. A draft class ruling from the Australian Taxation Office has been received, outlining the tax implications for shareholders, but the final ruling will depend on the scheme’s implementation, which requires shareholder and court approval.
Platinum Asia Investments Ltd. announced an estimated weekly pre-tax Net Tangible Asset (NTA) backing per share of $1.1445 as of April 4, 2025. This update, while unaudited and indicative, provides stakeholders with a snapshot of the company’s financial health, potentially impacting investor perceptions and market positioning.
Platinum Asia Investments Ltd. (ASX: PAI) is involved in investment management, focusing on providing shareholders exposure to Asian markets through its listed investment vehicle. The recent announcement reveals that PM Capital Global Opportunities Fund Limited (ASX: PGF) is surprised by the decision of the Boards of Platinum Capital Limited and Platinum Asia Investments Limited to reject PGF’s proposals in favor of existing Platinum Schemes. PGF asserts that its proposals offer better financial outcomes and no transaction costs for shareholders compared to the current schemes. PGF highlights its superior investment performance and expresses concerns about potential disruptions and uncertainties within the Platinum investment team, which could affect future performance for PMC and PAI shareholders.
Platinum Asia Investments Limited has released its Monthly Investment Update and Net Tangible Asset (NTA) Report for March 2025. The report highlights the company’s investment positions and performance metrics, indicating a strong focus on the Asia-Pacific region with significant holdings in technology and consumer sectors. The update reflects the company’s strategic positioning in the market, with a diversified portfolio aimed at capturing growth opportunities in key Asian markets. This announcement provides stakeholders with insights into the company’s financial health and investment strategy, although it does not guarantee future performance.
Platinum Investment Management Limited announced that the proposed merger between Platinum Asia Fund Complex ETF (PAXX) and Platinum Asia Investments Limited (PAI) is progressing as planned. The PAI Board has rejected an alternative proposal from PM Capital Global Opportunities Fund Ltd, favoring the merger with PAXX due to its alignment with industry trends and investor preferences for open-ended managed funds. The merger aims to address the persistent issue of share price discounts to net tangible assets faced by closed-ended vehicles, offering investors the flexibility to exit at net asset value. The merger is on schedule, with a shareholder meeting expected in July 2025.
Platinum Asia Investments Limited has announced its continued commitment to a proposed scheme of arrangement with Platinum Investment Management Limited, allowing shareholders to exchange their shares for units in the Platinum Asia Fund Complex ETF. Despite receiving a competing acquisition proposal, the board, supported by an independent financial adviser, determined that the original scheme remains in the best interest of shareholders. The implementation of the scheme is expected to occur in late July 2025, with a shareholder meeting scheduled for early July 2025 to approve the arrangement.
Platinum Asia Investments Limited reported an estimated weekly pre-tax Net Tangible Asset backing per share of $1.1437 as of March 28, 2025. This update provides stakeholders with a snapshot of the company’s financial position, although the figures are unaudited and indicative, reflecting the company’s ongoing transparency in its financial disclosures.
Platinum Asia Investments Ltd. announced its estimated weekly pre-tax Net Tangible Asset (NTA) backing per share as of March 21, 2025, at $1.1677. This update, while unaudited and indicative, provides stakeholders with insights into the company’s financial standing, potentially impacting investor perceptions and market positioning.
Platinum Asia Investments Limited announced its estimated weekly pre-tax Net Tangible Asset (NTA) backing per share as of March 14, 2025, which stands at $1.1579 ex-dividend. This update, while unaudited and indicative, provides stakeholders with a snapshot of the company’s financial standing, potentially impacting investor decisions and market perceptions.
Platinum Asia Investments Limited announced an update to its previous dividend distribution statement, specifically adjusting the dividend payment currency equivalent amount per security in New Zealand dollars and the exchange rate. This update, which pertains to the dividend for the period ending December 31, 2024, reflects the company’s ongoing commitment to transparency and accuracy in financial reporting, potentially impacting investor relations and market perceptions.
Platinum Asia Investments Ltd. has announced an update to its Dividend Reinvestment Plan price amount, impacting the distribution related to the six-month period ending December 31, 2024. This update, which follows a previous announcement made on February 27, 2025, is significant for stakeholders as it affects the financial returns and reinvestment options for investors holding ordinary fully paid shares.
Platinum Asia Investments Limited issued a correction regarding its weekly pre-tax net tangible asset (NTA) backing per share. The initial announcement mistakenly reported the cum-dividend pre-tax NTA instead of the ex-dividend pre-tax NTA, which was $1.1745 as of March 7, 2025. This correction is crucial for stakeholders as it impacts the perceived value of shares and informs investment decisions.
Platinum Asia Investments Limited has announced its estimated weekly pre-tax Net Tangible Asset (NTA) backing per share as of March 7, 2025, which stands at $1.1795. This figure is unaudited and indicative, reflecting the company’s ongoing commitment to transparency in its financial reporting, which is crucial for maintaining investor confidence and market positioning.
Platinum Asia Investments Ltd. has announced a dividend distribution of AUD 0.005 per fully paid ordinary share, related to the six-month period ending December 31, 2024. The ex-dividend date is set for March 6, 2025, with the record date on March 7, 2025, and payment scheduled for March 21, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders and could enhance its attractiveness to investors seeking exposure to Asian markets.
Platinum Asia Investments Ltd. has received non-binding indicative proposals from PM Capital Global Opportunities Fund Limited (PGF) to acquire 100% of its shares and those of Platinum Capital Limited through schemes of arrangement. These proposals offer shareholders the option to exchange their shares for PGF shares at a premium or receive cash consideration. PGF believes these proposals are superior to the existing arrangements with Platinum International Fund and Platinum Asia Fund, offering a higher value and greater market liquidity.
Platinum Asia Investments Limited reported a significant increase in revenue and profit for the half-year ending December 31, 2024, with total revenue up by 474.4% and net profit attributable to members up by 332.7%. The company’s pre-tax net tangible asset backing per share rose from $1.03 to $1.12, reflecting strong investment performance. Despite trading at a discount, the company’s share price saw a narrowing gap, contributing to a total shareholder return of 12.4% for the period. The investment portfolio benefited from strong performances by key holdings such as Trip.com and TSMC, with the latter playing a crucial role in the AI sector.
Platinum Asia Investments Limited is progressing with a proposed scheme allowing shareholders to exchange their shares for units in the Platinum Asia Fund. The company is seeking a class ruling from the Australian Taxation Office to clarify tax implications. Additionally, the company has received a non-binding proposal from a third party to acquire all its shares, which the board is currently evaluating.
Platinum Asia Investments Limited has announced its estimated weekly pre-tax Net Tangible Asset (NTA) backing per share as of February 21, 2025, which stands at $1.1711. This update, though unaudited and indicative, provides stakeholders with insights into the company’s current financial standing, potentially influencing investor decisions and market perceptions.
Platinum Asia Investments Limited announced changes in its investment management team, effective from March 3, 2025. Andrew Clifford and Clay Smolinski will step down from their Co-Chief Investment Officer roles, with Clifford transitioning to a mentorship role. James Simpson, a founder and former portfolio manager, will take an executive role and chair the Investment Oversight Group, guiding the investment team. Cameron Robertson will continue managing the company’s portfolio.
Platinum Asia Investments Ltd. announced that its estimated weekly pre-tax Net Tangible Asset (NTA) backing per share was $1.1478 as of February 14, 2025. This figure is unaudited and serves as an indicative measure of the company’s asset value per share, reflecting on its current financial positioning. Such updates offer stakeholders insight into the company’s valuation and can impact investor perceptions and decisions.
Platinum Asia Investments Limited announced that its estimated weekly pre-tax Net Tangible Asset backing per share as of February 7, 2025, was $1.1327. This update provides stakeholders with insights into the company’s financial health and could influence investment decisions based on the indicative value provided.
Platinum Asia Investments Limited has released its Monthly Investment Update and Net Tangible Asset Report for January 2025. The company reported a market capitalization of $386.7 million and a current share price of $1.045. The report highlights the company’s diversified investments across various industries, with notable positions in Taiwan Semiconductor and JD.com. Despite a modest monthly return of 0.4%, the firm’s annualized returns show a steady performance over different time spans, reflecting its solid market positioning in the Asia-Pacific region.