1 SUNTECK share price target reports by brokerages below. See what is analyst's view on SUNTECK share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
The company has presence across entire product spectrum in the residential space. Also, the expanding annuity portfolio will provide stable cash flows. Given the company’s strong balance sheet, we believe the company will be key beneficiary of current environment wherein organised players are expected to gain market share. Improved sales and launch of subsequent phases at ODC and Naigaon will be key trigger for the company over next 12 months. We value the company at par to its NAV of Rs. 501 and assign “BUY” rating on the stock.
At the CMP, SRL is trading at 2.0x FY20E P/BV multiple. We like the company given its quality land bank, strong balance sheet & comfortable leverage position. The newly acquired project at Lokhandwala could add Rs 22/share in our valuation. However, we are currently not incorporating this in our valuations as we would like to see sales response at this project, which is anticipated to be launched in FY20E. We would also like to see the sales momentum on ongoing projects like BKC, & ODC in the current challenging environment. Hence, we maintain our HOLD recommendation on the stock with a target price of Rs 490/share.
The company has presence across entire product spectrum in the residentialspace. Also, the expanding annuity portfolio will provide stable cash flows. Given the company’s strong balance sheet, we believe the company will be a key beneficiaryof current environment wherein organized players are expected to gain market share. Improved sales and launch of subsequent phases at ODC and Naigaon will be a key trigger for the company over next 12 months. We value the company at par to its NAV of Rs. 501 and retain “HOLD” rating on the stock.
At the CMP, SRL is trading at 2.1x FY20E P/BV multiple. We like the company given its quality land bank, strong balance sheet & comfortable leverage position. However, most positives seem to be captured in the CMP. We would like to see the sales momentum panning out at its key residential projects at ODC and BKC in the current environment. Hence, we maintain our HOLD rating on the stock with a TP of Rs 490/share (1x FY20E NAV).
A diversified product portfolio, lean balance sheet and industry consolidation due to RERA & the ongoing NBFC crisis are key positives for SRL. Pick up in sales of projects other than Naigaon is must for sustained sales traction, in our view. We continue to follow the old AS; our cash flow-based valuation remains unchanged. We remainpositive on SRL’s long-term growth prospects even as upsides in the near term may be capped. We maintain ‘BUY/SP’ with TP of INR477 (10% discount to our NAV of INR530/share).
With launch of affordable housing project at Naigaon, the company has presence across entire product spectrum in the residential space. Also, the expanding annuity portfolio will provide stable cash flows. Given the company’s strong balance sheet, we believe the company will be a key beneficiary of current environment wherein organized players are expected to gain market share. Improved sales and launch of subsequent phases at ODC and Naigaon will be a key trigger for the company over next 12 months. We assign a target price of Rs. 501/share based on NAV model and we remain positive on long term growth prospects of SRL. However, we have assigned “HOLD” rating due to recent appreciation in the share price.
At the CMP, SRL is trading at 2.1x FY20E P/BV multiple. We like the company given its quality land bank, strong balance sheet & comfortable leverage position. The company achieved robust sales growth in FY19 led by timely launches, affordable housing sales at Naigaon and activation schemes at ODC. The company further plans to launch Avenue 3 and Naigaon P-II in Q2FY20E and H2FY20E, respectively, to achieve 2x YoY pre-sales growth in FY20E. However, with the ~40% run up in stock the past three months, we see limited upside at current valuations. Thus, we have a HOLD rating on the stock with a target price of | 520/share (1x FY20E NAV).
We recently met the management of Sunteck Realty Ltd. (SRL) to understand the current demand environment prevailing in the real estate market in the wake of election related uncertainty and also to get some grip on the future strategy and growth plans of the company. We have also visited the Naigaon Site of the company to get some on ground information on the current execution pace and schedule of the Sunteck West World Project of the company. Post our management meeting and site visit we reiterate our positive stance on the company and revise our target price upwards by reducing our discount to NAV from 50% to 30% to factor in our bullish stance on the stock. Our revised target price for (dated 28th Jan, 2019) the stock has already rallied 48% surpassing our earlier target of Rs 434. Despite the recent rally in the stock, we keep our bullish view intact and maintain our Buy rating on the stock.
With launch of affordable housing project at Naigaon, the company has presence across entire product spectrum in the residential space. Also, the expanding annuity portfolio will provide stable cash flows. Given the company’s strong balance sheet, we believe the company will be a key beneficiary of current environment wherein organised players are expected to gain market share. Improved sales and launch of subsequent phases at ODC will be key triggers for the company over next 12 months. We retain “BUY” rating on the stock with a revised target price of Rs. 488/share (1x NAV).
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