Page 27 - IB FEB 2019

Business Intelligence - PacIFIc

union. Buying groceries, if done through NZX Main Board (NZSX)
cryptocurrency tokens, would lessen the
need to carry cash. The NZX Main Board (NZSX) is our original equities market and home for New Zealand’s best known brands and companies.

capitalisation
$139,627,747,393.49
For the fisheries sector, the work that Trade count 5,944
TraSeable is doing will ensure robust digi- Trade Volume 16,075,449
tal transparency in the tuna supply chain Instrument count 164
so consumers can get tons of information code company Price change Volume Value capitalisation
about a finished product from the Pacific ABA Abano Healthcare Group Limited $5.60 -$0.210 / -3.61% 18,363 103115.26 $146,649,087
just by typing in the product’s unique code AFI Australian Foundation Investment Company Limited $6.26 -$0.050 / -0.79% 1,600 10016.00 $7,462,102,636
AFT AFT Pharmaceuticals Limited
4,295
$200,454,519
$2.06
8844.13
-$0.010 / -0.48%
onto a smartphone app. AIA Auckland International Airport Limited $7.44 $0.020 / 0.27% 1,097,740 8113601.35 $8,984,149,427
“I think if you look at what the technol- AIR Air New Zealand Limited (NS) $2.66 $0.005 / 0.19% 421,477 1123781.47 $2,981,060,667
ogy and what it can do, it will become a ALF Allied Farmers Limited $0.08 -$0.002 / -2.38% 1,283 105.21 $13,243,439
$7,255,447,990
13595.43
$2.47
$0.040 / 1.65%
part of life just like the Internet. So it’s one AMP AMP Limited $29.01 -$0.230 / -0.79% 5,541 109351.66 $82,881,332,031
ANZ Australia and New Zealand Banking Group Limited
3,746
of those technologies that maybe five or AOR Aorere Resources Limited $0.00 $0.000 / 0.00% 0 0.00 $1,476,456
ten years down the line, everyone will be APA Asia Pacific Fund (NS) $1.96 -$0.005 / -0.25% 13,272 25981.98 $107,228,891
using. They might not know they’re using For a complete list of NZ’s equities market, visit www.nzx.com.
it, but they will be using it,” said katafono. Table above updated on February 27th 2019
“And because of the transparency as- Port Moresby Stock Exchange cURRENcY RaTES
pects of it and its ability to trace things,
we expect that the markets will also expect Equity Listed companies aUD$ NZ$ USD$ Euro UK Yen
a higher level of transparency, maybe not
now, but certainly in the foreseeable fu- code Bid Offer Last Fijian $1 0.66 0.67 0.47 0.41 0.36 52.03
ture. So, we expect that this will become BSP 10.3 10.5 10.3 PNG Kina $1 0.42 0.43 0.3 0.26 0.23 32.91
1.3
ccP
1.4
1.4
a market demand.” cGa 0 0 0.12 Samoa Tala $1 0.53 0.55 0.38 0.33 0.29 41.89
TraSeable Solutions, which recruits cOY 0 0 0.05
young tech enthusiasts in an effort to build cPL 0 0.65 0.65 Solomons $1 0.17 0.18 0.12 0.11 0.09 13.5
HIG
0
0
0.3
a crop of blockchain professionals in the KaM 0 0.95 0.95 Tonga Pa’anga $1 0.6 0.63 0.43 0.38 0.33 47.58
Pacific, has now grown into company of KPL 0 0 0.7
eight staff and is also actively involved KSL 2.7 0 2.7 Vanuatu Vatu $100 1.25 1.3 0.89 0.78 0.68 98.44
in the Fiji Blockchain Community, which NcM 0 51 51 0.66 Aud $1 1 1.04 0.71 0.63 0.55 78.95
1
0
NGP
katafono helped set up. NIU 0 0 0.02 NZ $1 0.96 1 0.68 0.6 0.52 75.77
The company has also begun working OSH 0 25 17.95
with stakeholders in Fiji’s agriculture SST 0 0 5 US $1 1.4 1.46 1 0.88 0.77 110.67

sector where it will replicate the work it is Prices updated as of 2019-02-22. Pacific Franc $100 1.33 1.39 0.95 0.84 0.73 105.19
doing in fisheries. All prices are in PNG Kina (PGK). Market rates from www.xe.com as at February 25th 2019
From page 25 With over 300 million FHL shares the restriction is in place right from the
now listed on SPSe, it is now one of the beginning to say that for anyone buying
(uS$570,000) during the month. market’s top five companies by market shares in FHL, you have to be registered
The trend continued into February, capitalisation, however its availability only in the VkB. That restriction is still in
where a total of 347,896 FHL shares to a section of Fiji’s population has been place, so only those who are registered
valued at F$421, 234.30 (uS$199,751) a subject of speculation in some circles. in the VkB are shareholders.” she said.
were traded in just the first half (1-15 FHL is currently a “restricted” security “In any case, it will be up to the
February), again dominating trading on SPSe – only indigenous Fijians who are shareholders if they want to open it up
at SPSe. registered on the national native registry to others or not but from the stock ex-
Its share price too had quickly picked (the Vola ni kawa Bula or VkB) are eligible change’s perspective, that restriction was
up pace from $1 at the end of January to buy its shares. there when the company listed, it is still
to $1.35 (uS64cents) on 15 February. Questions sent to FHL on whether its in place and if the shareholders want to
And there is no reason to doubt its shares may later be opened to the general open it up, then we don’t have any issues
continuing upward movement for now. public remained unanswered when this as such,” Narayan said.
“Affordability is definitely a key factor. edition went to press. Following the listing of its B-Class
Plus, the fundamentals of the company However, market observers are not shares, FHL no longer maintains shares
are very strong,” said Narayan. “The ruling out the possibility of bringing FHL classification and all shares listed are
company has also just released its six to the main trading board, where it will now ordinary shares, Narayan said.
months profit announcement (an after- become available to the general public. When this edition went to press,
tax profit of F$29.24million (uS$13m)), When asked on this, Narayan said demand for FHL shares totaled 84,188
so if a company is doing very well, the there has not been any such development against a total sell order of 44,980 ac-
fundamentals are strong and there is and FHL currently remains a “restricted” cording to SPSe data.
affordability in the share price, then security. With over 1,000 shareholders on its
there is high demand and the price is “The company has been set up for the registry, FHL ranks in the SPSe’s top five
bound to go up.” benefit of the iTaukei of Fiji and that is why companies for investors.
Islands Business, February 2019 27