Report
Alexis Corson ...
  • Bhavik Desai

Recommendation: IBL's Offer for LUX:

  • We recommend that you decline IBL’s offer for LUX shares

 

  • While IBL’s offer represents a fair exit opportunity, our recommendation stems from reasons we discuss in our document

 

  • We Fair Value LUX at Rs72.25 representing a 2% upside and therefore downgrade its rating to “HOLD
Underlyings
Lux Island Resorts Ltd

Provider
AXYS
AXYS

AXYS Stockbroking Ltd (ASL) is one of the most active stockbroking firms on the Stock Exchange of Mauritius (SEM). With over 20 years' experience as registered brokerage house, ASL's team of qualified investment dealers and research analysts will help you make informed decisions for your investments on the SEM.

ASL's full range of services covers trade execution, intermediary settlement on behalf of the CDS, intermediary custodian services through the CDS, lead brokerage services for an IPO, additional listing or takeovers. In addition to our share trading related services, we also cover in-depth market analysis with the help of our leading Mauritian Equity research team who regularly produces an economic perspective on key market sectors and company valuations. 

Analysts
Alexis Corson

Bhavik Desai

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