Articles
Latest Corporate News - 30 Jan 2018
by Capital Stars Financial Research AdvisoryLATEST NEWS
Aditya Birla Fashion: plans women’s innerwear and athleisure products – positive read through as the company has been successful in launching men’s innerwear (a year back) and is seeing phenomenal growth. Aditya Birla Fashion and Retail is looking to tap the women’s innerwear and athleisure market under the Van Heusen brand name. The women’s innerwear market in the organized segment is estimated at Rs. 3,000 crores is growing at nearly 18 percent on a year-on-year basis. The mid-premium to premium segment (at a price point of Rs. 400-700 and upwards) typically accounts for nearly 50 percent of the total women’s innerwear market. This segment is growing at around 22 percent, while the economy segment (products priced at around Rs. 200-400) is growing at 13-14 percent. The company will launch products aimed at all these verticals. Van Heusen’s innerwear and athleisure are currently available across 7,000 outlets, including 150 Van Heusen exclusive stores, 120 Planet Fashion stores and multi-brand outlets. The company currently has five exclusive innerwear and athleisure stores and plans to open 15-20 more taking the total store count to 20 by March 2018. It also plans to add another 50-60 exclusive stores in the next fiscal.
TOP NEWS
Petronet LNG: India’s LNG imports grew by 6.8% YoY (down 21% MoM) to 1.3mmt. The MoM decline in the LNG imports is seasonal given the sharp increase in the Asian spot LNG prices to ~$10/bbl in December 2017. For Q3FY2018, the LNG imports were up by 15% YoY (+9.5% QoQ) – positive read through for Petronet LNG.
Reliance Infrastructure: The company has received the Letter of Award (LOA) from the NHAI for the six-laning of Aurangabad to Bihar–Jharkhand border section of NH-2 in Bihar amounting Rs882 crore. Positive for the stock.
Maruti Suzuki: lines up Rs 4,000 cr capex for next fiscal: Four new vehicles in 2018; expects better volumes in 2018 than 2017; Positive ….(details in other news)
Snowman Logistics: The company inaugurated their new temperature controlled warehousing facility at Krishnapatnam, Andhra Pradesh – positive for the stockThe facility has a capacity of 3600 pallets in temperature control and an additional 10,000 square feet of dry warehousing space along with related infrastructure. With this addition, the total capacity of Snowman has increased to 1,07,000 pallets. Positive read thru for the stock.
Inox Leisure: to acquire 50% stake in Swanston Multiplex Cinemas – Positive. Incorporated on October 11, 2001, SMCPL is engaged in operating a Multiplex Cinema Theatres in India. Inox Leisure is purposed to acquire 10.2 lakh shares of SMCPL at a consideration not exceeding Rs. 3 lakh. An acquisition is expected to be completed in 3 weeks.
RESULT PREVIEW
|
Company |
Revenues (Rs cr.) |
OPM(%) |
Adjusted PAT(Rs cr.) |
|||||||||
|
|
Q3FY18E |
Q3FY17 |
YoY% |
QoQ% |
Q3FY18E |
Q3FY17 |
YoY% |
QoQ% |
Q3FY18E |
Q3FY17 |
YoY% |
QoQ% |
|
TVS Motors |
3,530.0 |
2,983.4 |
18.3 |
(12.9) |
7.9 |
7.3 |
53 |
-79 |
161.9 |
132.7 |
22.0 |
(24.0) |
|
Sundram Fasteners |
815.7 |
709.3 |
15.0 |
0.2 |
18.8 |
18.3 |
48 |
-6 |
90.8 |
75.3 |
20.5 |
0.4 |
|
Subros |
421.4 |
372.9 |
13.0 |
-15.2 |
11.2 |
11.2 |
0 |
30 |
11.8 |
3.3 |
260.0 |
(26.4) |
|
GCPL |
2771.4 |
2485.8 |
11.5 |
10.6 |
20.4 |
20.8 |
-35 |
-120 |
394.0 |
348.9 |
12.9 |
7.6 |
|
Supreme Industries |
1,297.5 |
1,107.8 |
17.1 |
23.0 |
14.5 |
16.8 |
(225) |
80 |
91.3 |
90.2 |
1.2 |
52.2 |
|
BEL |
2,368.0 |
2,191.3 |
8.1 |
-4.4 |
18.5 |
22.0 |
(353) |
(550) |
309.1 |
373.5 |
(17.2) |
-25.0 |
|
IOCL |
104,252 |
93,102 |
12.0 |
15.1 |
10.1 |
8.5 |
162 |
200 |
6,009 |
5,268 |
14.1 |
62.6 |
OTHER NEWS
KPIT Tech: Birlasoft, KPIT Technologies to merge to create two separate entities – stock to remain in focus
Birlasoft and KPIT have announced a merger to create an over $700-million combined entity. The entity would be demerged into two separate companies later. The board has approved a draft composite scheme for amalgamation of Birlasoft (India) with the company and demerger of the engineering business of the company into KPIT Engineering. As a part of the proposed merger, shareholders of Birlasoft would receive 22 equity shares of the combined KPIT-Birlasoft for every 9 equity shares of Birlasoft. The shares of KPIL Engineering (KEL) would be listed pursuant to the proposed demerger and the shareholders of combined KPIT-Birlasoft would receive one share of KEL for every one share they hold in the combined firm.
Maruti Suzuki: lines up Rs 4,000 cr capex for next fiscal: Four new vehicles in 2018; expects better volumes in 2018 than 2017; Positive
The country's largest carmaker Maruti Suzuki India (MSI) will invest Rs 4,000 crore in the next fiscal on capital expenditure, including development of new products, the company's Managing Director Kenichi Ayukawa said today.The company is also targeting yet another year of double digit growth in the next financial year, similar to what it expects in the ongoing fiscal. The company is expected to launch four new products, including the upcoming new Swift, in the next 12-18 months. the company is expecting 2018 to be better than 2017. said in 2019, Suzuki's Gujarat plant will reach total production capacity of around 5 lakh units from its two lines there, that will help ease pressure on Maruti Suzuki to meet market demand. Secondly, the board has approved a revised system for royalty calculations, which is likely to substantially reduce the royalty payment to Suzuki Motor Corporation. However, the new arrangement is subject to approval by a board of Suzuki Motor Corporation and will be implemented for new models after Ignis.
Banking Sector, HFCs: The Economic Survey highlights that while individual housing loan disbursements of Public Sector Banks (PSBs) and Housing Finance Companies (HFCs) have shown an increase of nearly 11 percent in 2016-17 over 2015-16, it has cautioned that increasing non-performing assets (NPAs) of individual housing loan portfolios of PSBs and HFCs is a cause for concern. - Sentimentally Negative for the sector
Dalmia Bharat: The company is set to acquire patna based 1MTPA Kalyanpur cement after lenders approved a debt resolution plan as per media reports. Positive read thru for Dalmia Bharat.
GAIL (India): Has started pipeline construction work in the state of West Bengal as a part of ‘Pradhan Mantri Urja Ganga’ pipeline project [Jagdishpur-Haldia & Bokaro-Dhamra Natural Gas Pipeline (JHBDPL project)]. A total of 555Kms long pipeline (out of the total 2655kms for JHBDPL project) would be in West Bengal – positive read through for GAIL.
HCL Tech: announced a 5-year IT infrastructure services and application management contract with Cadent - Positive
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About Capital Stars 
Financial Research Advisory
21 connections, 1 recommendations, 224 honor points.Joined APSense since, August 8th, 2017, From Indore, India.
Created on Jan 30th 2018 02:08. Viewed 602 times.
