CITI ON RIL:
* Jio launch very eventful; see potentially favourable implications for future marketing spend
* Conversion ratio to be key; forecast 60-70m subs by FY20-21E at an ARPU of ~`360
* In preoccupation with Jio, investors should not lose sight of core business
* Refining margins have staged smart recovery, 3Q should see first benefits of core expansions
* Forecast EBITDA CAGR of 15% over FY16-19E, 3-yr EBITDA break even for Jio
You received this message because you are subscribed to the Google Groups "LONGTERMINVESTORSRESEARCH" group.
To unsubscribe from this group and stop receiving emails from it, send an email to longterminvestorsresearch+unsubscribe@googlegroups.com.
Visit this group at https://groups.google.com/group/longterminvestorsresearch.
For more options, visit https://groups.google.com/d/optout.
No comments:
Post a Comment