MOSL: Morning India (6/May/19): 1. Hindustan Unilever; 2. Federal Bank; 3. Godrej Consumer; 4. L&T Infotech; 5.Tata Chemicals; 6. NIIT Technologies; 7. Blue Star; 8. Laurus Labs; 9. Birla Corporation
MOrning India (6/May/19): 1. Hindustan Unilever; 2. Federal Bank; 3. Godrej Consumer; 4. L&T Infotech; 5.Tata Chemicals; 6. NIIT Technologies; 7. Blue Star; 8. Laurus Labs; 9. Birla Corporation
Today’s top research idea
Hindustan Unilever: Continues to outperform in a slowing demand environment
- Results were in line and are likely to outperform even much smaller peers again in 4QFY19.
- While sector commentary is weak for 1QFY20 as well, four key trends which can drive an elevated earnings growth trajectory for HUL compared to the past remain relevant – (1) rapidly improving adaptability to market requirements, (2) recognition and strong execution on Naturals, (3) a continuous strong trend toward premiumization and (4) extensive plans to employ technology, creating further entry barriers.
- Importantly, once we incorporate the GSKCH merger (no clarity on date as yet), there could be 10-12% addition to EPS in FY21. Given the company’s best earnings growth visibility and by far the highest return ratios, the premium valuations are well deserved. Our target price of INR,1950 implies 15% upside.
Piping hot news
Trump to hike tariffs on USD 200 bn of Chinese goods
- US President Donald Trump announced Sunday that the United States would raise tariffs on USD 200 billion of Chinese goods to 25 per cent this week, because trade talks are moving "too slowly". Trump's action came as a major Chinese delegation is expected to arrive Wednesday in Washington for the latest round of talks to end the trade war between the world's two biggest economies -- a round billed as the last one and possibly leading to a deal to end the conflict.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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