reports
- Aliasgar Shakir
MOSL: SITI NETWORK (Neutral)- Phase 3/4 monetization to boost revenue
​SITI Network:Phase 3/4 monetization to boost revenue(SITINET IN, Mkt Cap USD0.3b, CMP INR25, TP INR27, 5% Upside, Neutral)EBITDA miss led by subdued revenue: Revenue declined 3% QoQ to INR3,523m (in-line) due to a steep 48% QoQ fall in activation revenue. EBITDA fell 33% QoQ to INR672m (13% miss) on the back of a subdued top line and a 12% rise in other expense. Margin shrunk 860bp QoQ to 19%. Net loss widened to INR657m (-INR290m in 1QFY18; est. of -INR229m). Adjusted for one-off expenses (d...
MOSL: SITI NETWORK (Neutral)-Re-aligning Phase III/IV monetization exp...
​SITI Network: Re-aligning Phase III/IV monetization expectations; Maintain Neutral; Operational performance below expectations(SITINET IN, Mkt Cap USD0.4b, CMP INR31, TP INR36, 14% Upside, Neutral)EBITDA (ex-activation) misses estimates: Consol. EBITDA grew 5% QoQ to INR580m (est. of INR669m). EBITDA (ex-activation) grew 16% QoQ to INR96m (est. of INR127m), led by higher content payout. Opex grew 10% QoQ to INR2.67b (est. of INR2.42b). Net losses increased significantly QoQ to INR649m (est. o...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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