Sr Research Analyst,. tracks BFSI at CNBC TV 18. Sell side analyst earlier. Views r personal. RT aren't endorsements. Comments aren't recommendations. F1 fan.
#3QWithCNBCTV18 #CanfinHomes Whatta player! +ves Strong liquidity profile Disbursements +12%YOY & +10.7%QOQ NIM is the best in last 7qtrs at 3.42% Looks like margin expansion due to repricing by banks and NHB GNPA at 0.8% vs 0.79% QOQ -ve AUM growth is the lowest; at +14.8%YOY
#3QWithCNBCTV18 [email protected] Concall This will be the year of moving towards the system of cleansing, consolidating & getting fitter Loan growth will be less than mid-teens, but in double digits for FY20 Can grow at 1.5x-2x of nominal GDP One time hit on employee cost of `200cr
Defaults disclosures Uttam Value Steel Total defaults on `2253.4cr Gammon India (>30 days due) Total amount at `3702.03cr
A bit worried about the layoffs happening Many sectors are feeling the heat due to one or the other reason Eg: If at all Vodafone decides to shut, there'll be rippling effect across other sectors too like advt, etc Realty sector is already in pain How'll GDP grow going ahead?
Exposure to Vodafone CS says IDFC First, Yes & IIB have 8-12% of NW to Vodafone SBI & PNB at at ~5-6% of NW MFs have `4000cr exposure as of Sept'19 Nomura: IIB has exposure of `3000cr or 1.5% of loans SBI at `14000-15000cr ICICI Bk & Axis Bk have an exposure of 0.2-0.3% of loans
#3QWithCNBCTV18 #SouthIndianBk Concerns emerging on quality of the bk AAA rated bk has declined from 25.4% in Q3FY19 to 20% in Q3FY20 BBB bk is at 26.5% vs 14.4% in FY19 AA bk has declined from 39.3% in June’19 to 35.7% in Dec’19 A rated bk is at 14.8% vs 16.8% in FY19 (1/n)
Defaults Autoline Inds Term loan of `2.5cr from Tata Motors Finance Total debt at `185.7cr Simbhaoli Sugars Default on loans worth `1041.08cr Proposed one time settlement with commercial lenders Realignment of debts with co-op bks is under process Disclosed defaulted principal
#OrientalBankofCommerce 10 year (long term) Unsecured Redeemable Non Convertible Basel III Compliant Tier II Bonds In The Nature Of Debentures, at coupon of 9.05%, traded at a high yield of 16.4% today Alert: 1st instance of PSU Bk's paper at high yield OBC to be merged with PNB
[email protected] Reliance Jio declared highest bidder for Reliance Infratel, UVARCL for RCom, Rel Telecom Large exposure of Banks to Rcom @TheOfficialSBI 4905 @bankofbaroda 3144 @AxisBank 2089 @pnbindia 1753 IDBI Bk 1411 Syndicate Bk 1225 @BankofIndia_IN 1065 @UnionBankTweets 1009
Defaults Ansal Hsng Default on `14.5cr Total debt at `708.6cr Bharat Wires defaulted to IFCI Default on `219.7cr Total debt from banks at `570.7cr Gayatri Projects defaulted to Sundaram Finance & Srei Equipment Default of `0.27cr to Sundaram & `0.5cr to Srei Total debt at `3299cr
Default disclosure yesterday Sanghvi Forging & Engg On total debt of `169.45 cr Blue Bends India On loans worth `41.75cr; total (amt raised from the defaulted instrument) NCD at `43cr
Jefferies on #Midcaps TP changes, in Rs Astral poly 1215 vs 1060 Finolex cables 425 vs 400 Finolex Inds 765 vs 730 GRIL 375 vs 400 #HavellsIndia 880 vs 845 #KajariaCeramics 795 vs 765 #Supreme Inds 1520 vs 1480 #UPL Ltd 795 vs 745 V-Guard 295 vs 290 #WhirlpoolofIndia 2240 vs 1970
Fri-Sun default disclosure Mercator Ltd On loans worth `968.66cr SKIL Infra On loans worth `821.21cr; total debt at `1892cr Rajvir Inds Ltd On loans worth `124.26cr Tree House Education & Accessories Ltd On loans worth `31.19cr
Cut TP: Federal Bk to `105 vs `110 DCB Bk to `195 vs `220 @pnbindia to `55 vs `95 @bankofbaroda to `100 vs `135 @canarabank to `215 from `300 (2/2)
JMFinancial on Banks Raise TP: @ICICIBank to `685 vs `550 @AxisBank to `920 vs `825 @HDFC_Bank to `1520 vs `1425 @KotakBankLtd to `1715 vs `1650 @MyIndusIndBank to `1865 vs `1640 @bandhanbank_in to `750 vs `710 City Union Bk to `250 vs `220 @TheOfficialSBI to `420 vs `385 (1/n)
Defaults disclosed yesterday: Coffee Day On loans worth `489.48cr Uttam Galva Steels On debt borrowing worth `397.26cr; total outstanding debt at `971.96cr Euro Multivision Ltd On loans worth `635cr
[email protected] @CNBCTV18News Due to paucity of time, the matter i.e. case between Kotak Mahindra Bank & RBI has been adjourned to 6th March 2020.
Defaults disclosed yesterday: DB REALTY On loans worth `240.79cr; total outstanding debt at `1001.89cr Sintex Inds On debt borrowing worth `250 cr. Int default amt at `5.93 cr India Steelworks On loans worth `8.51cr; total outstanding debt at `33.08cr
[email protected] @EdelweissFin follows the mantra of "picture speaks louder than words" Below are the pics depicting Q3FY20 movement for banks & NBFCs under coverage of Edelweiss in terms of growth, NIM, slippages & resolution (must be w.r.t. stressed assets or NPLs I guess)