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MOSL: Morning India (15/May/18): 1. Value Migration; 2. EcoScope; 3. HUL; 4. Titan Company; 5. KEC International; 6. Solar Inds; 7. Blue Star; 8. South Indian Bank

MOrning India (15/May/18): 1. Value Migration; 2. EcoScope; 3. HUL; 4. Titan Company; 5. KEC International; 6. Solar Inds; 7. Blue Star; 8. South Indian Bank

 

Today’s top research theme

Value Migration – Digging deeper, exploring more themes; Pace of migration accelerating in BFSI and Jewelry

• “Value Migration” is defined as a flow of economic and shareholder value away from obsolete business models to new, more effective designs that are better able to satisfy customers’ most important priorities.
• Value Migration happens in three stages-Value Inflow, Stability and Value Outflow
• In our Theme Report on Value Migration published in January 2017, we had highlighted 26 case studies in which value migration is either prevalent or will drive changes in future.
• In this sequel, we look at the progress/updates on some of the cases already highlighted and also dwell on two interesting new themes of Value Migration Information Technology – staring at Phase-3 of Value Migration? After basking in glory of low cost-talent, we are now witnessing value outflow towards models built on the combination of automation, cloud and digital technologies.
• Green metamorphosis – Value Migration from Oil to Gas. In the last few years, rising pollution has been at the forefront of the policy making and judicial activism in India with the focus on increasing penetration of gas.
• Consumer: Jewelry – massive Value Migration unfolding from unorganized to organized space. Titan the only pan-national branded jewelry player is at the forefront to capture this long-term opportunity.
• In addition to it, pace of Value Migration is accelerating in BFSI space from PSU Banks to Private Banks.

Piping hot news

Cabinet reshuffle: Piyush Goyal gets finance, Smriti Irani loses I&B ministry

• Railways and coal minister Piyush Goyal will handle the finance and corporate affairs portfolios while finance minister Arun Jaitley, who underwent a kidney transplant on Monday, recuperates, Rashtrapati Bhavan said in a press communique.