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2021-11-10 05:59:29 CLSA on Sobha
Out Perform

Target Price Rs973 from Rs865

Aiming for a better 2H

Sustained strong demand, higher number of new launches expected
Sobha had a strong 2QFY22 in terms of pre-sales (highest-ever), cashflows (an Rs1.8bn surplus) and an earnings beat

Sales momentum continued in Oct-21

Co. expects 2H to be better than 1H
2-3msf of new launches planned in 2H

Mgt also expects housing prices to increase 25-30% in the next 2-3 years

Raise FY22-24 pre-sales estimates 6-8%, and increase FY23-24 EPS estimates 5-6% Open / Comment

2021-11-10 05:59:29 Metals : China Economic Data:

- Oct consumer prices rise 1.5% YoY vs est of 1.4%

- Oct producer prices rise 13.5% YoY vs est of 12.3%

- China consumer prices rise at fastest pace since Sept 2020 Open / Comment

2021-11-10 05:59:29 Price Band Revision Open / Comment

2021-11-10 05:59:29 Open / Comment

2021-11-10 05:59:29 Open / Comment

2021-11-09 12:20:02 #2QWithCNBCTV18 | Nitin Spinner reports Q2 earnings:

Net profit at Rs 87.4 cr vs Rs 11.9 cr (YoY)
Revenue up 55.7% at Rs 664.7 cr vs Rs 426.9 cr (YoY)
EBITDA at Rs 177.5 cr vs Rs 55.4 cr (YoY)
EBITDA margin at 26.7% vs 13% (YoY) Open / Comment

2021-11-09 12:20:02 #2QWithCNBCTV18 | Kesoram reports Q2 earnings

Net loss at ₹11.1 cr Vs profit of ₹4.4 cr (YoY)
Other income at ₹13.2 cr Vs ₹19.7 cr (YoY)
Revenue up 29.7% at ₹842.7 cr Vs ₹649.5 cr (YoY)
EBITDA up 45.8% at ₹133.7 cr Vs ₹91.7 cr (YoY) Open / Comment

2021-11-09 12:20:02 NITIN SPINNERS : Q2 EBITDA RUPEES 1.7B VS 554M (YOY) || Q2 EBITDA MARGIN 26.70% VS 12.98% (YOY)

BEAT ON EBITDA AND MARGINS Open / Comment

2021-11-09 12:20:02 NITIN SPINNERS : Q2 SL NET PROFIT 874M RUPEES VS 119M (YOY); 600M (QOQ) Open / Comment

2021-11-09 12:20:02 #2QWithCNBCTV18 | Kitex Garments reports Q2 earnings

Net profit up 44.4% at ₹25.7 cr Vs ₹17.8 cr (YoY)
Revenue up 33.7% at ₹178.1 cr Vs ₹133.2 cr (YoY)
EBITDA up 36.1% at ₹38.1 cr Vs ₹28 cr (YoY)
EBITDA margin at 21.4% Vs 21% (YoY) Open / Comment