HSBC

Market seeking more clarity on method for valuing Fortis, Manipal

On 27 March 2018 the Board of Fortis Healthcare (FHL) approved the demerger from and sale of its hospital business to Manipal Hospitals, a private hospital group.

Fortis, Manipal, Fortis Manipal merger, markets, Religare Health Trust News

Goa Form483 is not a serious event

Cipla the preferred pick in challenging environment, on a comfortable India and EM base and strong US growth outlook

CIPLA, US market, ANDA, FDA, Cipla, FDA audit, US sales, US growth News

Avenue supermarts rated buy by HSBC

Earnings estimates for FY18-20 raised 15-30%; Upgraded to ‘Buy’; TP rises to Rs 1,600 from Rs 900 with rollover to Jan, 2018

Avenue supermarts, HSBC, economy, india News

Dalmia Bharat rated buy as its growth momentum is still intact

DBEL reported volumes of 7.6mt for 1HFY18, up 6.3% y-o-y. Although volume growth was significantly lower compared with c20% y-o-y growth in FY16 and FY17, industry outperformance continued.

Dalmia Bharat, DBEL rated buy, Ebitda ratio, Murli Industries, Binani Cement,ACC, ACEM, CAGR, DBEL assets News

HSBC rates Jubilant Foodworks stock as ‘Hold’, pegs TP at Rs 1640

Jubilant stock has had an impressive run this year, with the stock price nearly doubling year-to-date in 2017.

Jubilant stocks, HSBC, Foodworks News

Wipro stock: HSBC has this to say after IT major underperforms peers

Wipro has outperformed peers within the BFSI vertical with double-digit revenue growth (14% y-o-y in 2Q18) and strong deal wins. The recovery in IT spending by some of its banking clients (for which Wipro has a larger presen

Wipro stock, HSBC, Wipro, IT major, HSBC Asia Investor Conference News

Motherson Sumi stock tagged as Buy by HSBC, price target Rs 365; key risk is slowdown in global car market

Discussions on Motherson Sumi are often focused on the domestic wiring harness business, its larger subsidiaries SMP, SMR and now PKC. But it has a total of 134 subsidiaries and 6 joint ventures (JV).

motherson sumi, motherson sumi stock rating, hsbc stock ratings  News

HSBC rates TCS stock as Hold, flags rupee as a concern

Company confident of demand picking up; while it has ability to drive through tech cycles, high base and valuations limit upside.

TCS, HSBC, TCS CFO V Ramakrishnan News

Phoenix Mills rated Buy; HSBC says ready for next leg of growth

Business momentum on the retail side remained strong for Phoenix Mills’ main malls with overall consumption growing by 19% (partly benefiting from pre-GST sales) and rental income by 17%.

Business, Phoenix Mills, GST sales, rental income News

Ultratech Cement stock rated Reduce; HSBC says valuation too high vis a vis past record

FY18/19 Ebitda estimates down 11/7%; valuation too high vis-a-vis past record

Ultratech Cement, Ultratech, HSBC News

Car industry set to enter strong long-term growth: HSBC

India’s car industry appears to be at an inflection point. Car sales tend to accelerate after the penetration rate passes 20-25 cars per 1,000 people – the point where India is now.

car industry, car industry india, Maruti, HSBC, CAGR, car industry Japan, car industry Korea, China News

HSBC rates Idea Cellular as ‘Reduce’, says leveraged balance sheet is a dampener

The Aditya Birla Group will hold the rights to acquire an additional 9.5% stake from Vodafone within 3 years post completion.

Markets News

HSBC retains ‘Buy’ on Dhanuka Agritech; target price of Rs 857

In a recent earnings call, the company’s management indicated that its working capital will look stretched at FY18-end.

Markets News

Maintain reduce on Zee Entertainment, target price Rs 436

The media regulator has is- sued draft tariff guidelines that will be applicable from April 2017 onwards.

Maintain reduce on Zee Entertainment, target price Rs 436

Maruti Suzuki gets ‘Hold’ rating; HSBC expects a strong Q2 preview

We expect Maruti to report a strong Q2, reporting margin expansion of 90-100 bps q-o-q. While YEN is adverse, the impact will not be significant and more than offset by operating-leverage, pricing increase and better mix. (i)

Maruti Suzuki gets ‘Hold’ rating; HSBC expects a strong Q2 preview

Here’s what will likely result in a better quarter for Indian banks

Q2FY17 is likely to be a better quarter for banks compared to the past three quarters, given two main drivers—the rally in bonds and slower monetary transmission.

Here’s what will likely result in a better quarter for Indian banks

IDFC Bank gets ‘Buy’ rating; HSBC says new bank should be able to create profitable biz

New banks are a rare breed in India. IDFC Bank (IDFCBK), carved out of its parent, infrastructure lender IDFC Ltd, a year ago, starts life with a distinct set of advantages and disadvantages.

IDFC Bank gets ‘Buy’ rating; HSBC says new bank should be able to create profitable biz

Tata Motors gets ‘Buy’ rating from HSBC; 4 reasons why

What the implications of growing acceptance/prospects of EVs (Electric vehicles) on JLR are is one of the most frequent questions we hear from investors.

Markets News

HSBC says stay cautious on Bharti Infratel; target price Rs 315

In our view the market seems to be pricing an accelerated deployment of 4G by incumbent telcos post Jio 4G rollout early this month.

Markets News

Why Jaguar Land Rover may not be at disadvantage from electric vehicles

What are the implications of growing acceptance / prospects of EVs (Electric vehicles) on JLR is one of the most frequent questions we hear from investors.

Why Jaguar Land Rover may not be at disadvantage from electric vehicles

Pharmaceuticals: Here’s why Alkem, Alembic are set to gain

Companies with emerging focus on chronic therapies are likely to sustain India growth; lower US exposure limits US FDA risk.

Pharmaceuticals: Here’s why Alkem, Alembic are set to gain

Australian acquisition a non-event

While acquiring the right to operate at Abbot Point Coal terminal represents a risk-free profit stream without capital investment, it is unlikely to add to ADSEZ’s profits significantly in the near to medium term

Australian acquisition a non-event

Maintain ‘reduce’ on RCom, target price Rs 45

The wireless business of RCom is to be combined with Aircel, according to a press release by the companies on 14 September 2016.

Maintain ‘reduce’ on RCom, target  price Rs 45

Two-wheeler industry: For Hero Moto Corp, Honda Motorcycles, the battle has gone rural

The battle has gone rural for Hero MotoCorp and Honda Motorcycles & Scooters

Markets News

Maruti Suzuki rivals face difficult future

The most compelling competitive strength of Maruti is its extensive portfolio of products

Markets News

Nestle India rated ‘Hold’ as HSBC looks beyond Maggi noodles for stock catalyst

After the sharp run in stock price, the current valuation multiple implies long-term annualised earnings growth expectation of c13-14%, which in our view is significantly high if not excessive and limits upside.

Banking & Finance News

Suzlon Energy rated ‘Buy’ by HSBC; here’s why

Suzlon management expects industry installations to grow 30% during FY17 to 4.3GW with Andhra Pradesh-Telangana, Gujarat and Karnataka being the prime drivers.

suzlon energy News
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