Archive | June, 2008

Kotak Securities: Pantaloon Retail (India)

Pantaloon Retail (PRIL) will add almost 4X retail space by FY2011E. ‘Locked-in’ retail space and increasing contribution from same-store sales should allay execution delay fears, while the first-mover advantage will help it fight competition. We expect Home Solutions to turn PAT positive in FY2009E unlocking value, while new initiatives provide support to valuations. Net profit […]

Read full story Comments { 1 }

DSP Merrill Lynch United Spirits Ltd

United Spirits is Indias largest spirits player. In FY08 it sold 74mn cases which gives it a volume share of 52%. Key strengths are market leading brands across all spirit categories and price segments. It recently acquired Whyte & Mackay – the fourth largest Scotch whisky player in the world. W&M is predominently a bulk […]

Read full story Comments { 0 }

Angel Broking : Educating India

We dont need no education sang the band Pink Floyd way back in the 70s in the famous super hit album The Wall. While this may sound all right for idealistic rebels it certainly does not apply to the current Indian scenario

Read full story Comments { 0 }

Sharekhan: Commodities Buzz

Base metals had yet another lacklustre day that was spent in search of direction. Nickel and zinc were able to post gains, while the rest of the complex settled lower. Today, the base metals complex could remain under pressure on falling crude oil prices and strengthening US Dollar

Read full story Comments { 0 }

Edelweiss: Cement Monthly

Government eases cement export ban to Nepal; OKs shipments via Gujarat The government has lifted the export ban on cement and clinker to Nepal. Also, it has allowed exports via Gujarat ports. We believe that the removal of export restriction will at best hold prices at current levels and not lead to price hikes

Read full story Comments { 0 }

Goldman Sachs: India Healthcare Services

Initiating with Neutral sector stance We believe the Indian Hospitals sector can expect good long-term demand growth, and hospitals are investing to meet this demand. We think listed hospital company earnings will benefit from this expansion only from FY2010E-2011E, however…

Read full story Comments { 0 }