THE COMPANY: Oil Search (OSH) has been incorporated in Papua New Guinea since 1929 and has a market capitalisation of PGK28bn ($9.6bn). OSH has a 29% interest in the PNG Liquefied Natural Gas (LNG) project, which is operated by ExxonMobil PNG. The PNG LNG project has a capacity of 6.9m tonnes per...
After a number of challenging years, the Papua New Guinea’s capital markets seem to be finding their footing and may be on the cusp of great and positive change. In 2015 the country had its first initial public offering (IPO) in three years, and it was a significant listing: the company that sold the shares is a major local financial services...
Like the equity markets, the debt markets in Papua New Guinea are set for a major overhaul. Work is being contemplated and being done, with World Bank support, on the relevant market infrastructure, regulators and regulations, and the processes and procedures for the issuing and trading of securities. The debt markets at the moment are largely...
THE COMPANY: City Pharmacy Limited (CPL) Group is a leading retailer in PNG and has a combined retail operation of 64 stores nationwide. It employs 3700 people, of which 97% are Papua New Guinean citizens. CPL’s retail network spans health and beauty chains, supermarkets, hardware stores, coffee...
THE COMPANY: Established in 1985, Kina Securities (Kina) is a diversified financial services provider offering financial solutions including savings accounts, small business loans, investments, mortgages, stockbroking and financial advice, investment management and fund administration.
Inevitably there will be a certain degree of speculation around this question for quite some time, as it will take months or perhaps years before the new UK-EU relationship will be finally defined. During this period of uncertainty, the markets are expected to experience consistent volatility, as investors will be increasingly wary about...
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