ET NOW BROKERAGE RADAR
MORGAN STANLEY ON YES BANK: ET NOW
Yes Bank disclosed divergence details of its asset classification
Bank has reported a divergence of `3300cr (1.3%) in GNPA
As per RBI assessment, GNPLs were `11200cr (4.5% of loans).
This 42% higher than the `7900cr GNPAs reported by bank
Out of divergence Bank has recognised `1300cr loans as NPLs in H1F20
Balance remains unrecognized as of now
CREDIT SUISSE ON RIL: ET NOW
Maintain Neutral , Target at `1400/share
Jio's tariff can bring annual cash flow of US$1.5 bn+
Increase FY20/21/22E EPS by 15%/12%/20%
Jio price increase is earlier than expected
Bharti & Idea have already mentioned about price increase
Key event now is extent of price increase by all operators
CREDIT SUISSE ON INDIGO: ET NOW
Maintain Outperform , Target at `1900/share
Yields at risk of being lower YoY in Q3
Yields to be driven by broad slowdown
Long-term intact for Indigo
Stay OUTPERFORM despite near-term issues
NOMURA ON APOLLO HOSPITAL: ET NOW
Maintain BUY , Target at `1787/share
Sustained turnaround in earnings seen
Expect earning momentum to drive stock performance
Value Apollo based on 17x 1-year forward EV/EBITDA
CITI ON TATA STEEL: ET NOW
Maintain SELL , Target at `330/share
Plans to make European operations cash +ve
Transformation plan should help alleviate some concerns
Net Debt/EBITDA is at 5x vs. 3.2x as of Mar19
MOTILAL OSWAL INITIATES ON TATA GLOBAL: ET NOW
Initiates on Tata Global with a BUY
Target for Tata Global at `347/share
Focus back on India for Tata Global
India tea business is a a key growth driver
Strategic initiatives for overseas tea Biz to protect margins