Monday, 21 November 2016

{LONGTERMINVESTORS} India Daily: Results - Petronet LNG, Voltas; Results, Change in Reco - Astral Poly Technik; Update - Insurance




Daily Alerts
Results
Petronet LNG: Strong volumes drive earnings upgrade
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Key takeaways from the conference call
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Raise estimates by 7-13% driven by higher volumes and lower operating costs
Voltas: Near term nebulous; medium term likely to be better
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2QFY17 - a mixed bag quarter
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Near term likely to be weak
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Medium term looks encouraging
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Revise estimates; maintain ADD
Results, Change in Reco
Astral Poly Technik: Subdued operating performance; downgrade to SELL
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Weaker-than-expected EBITDA offset by higher other income and favorable forex movement
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Pipes segment impacted by weak margins; profitability of adhesives improves
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Cut estimates by 8-16%; downgrade to SELL given expensive valuations at 32X FY2018E EPS
Sector alerts
Insurance: A month of moderate performance
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Moderate growth for most in October 2016
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Retail inflows strong; expect volatility in the near term




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