Two Directors at Kotak Mahindra Bank Ltd sold 24,000 shares at between 2,060.000INR and 2,179.000INR. The significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's direc...
Summary JM Financial Private Wealth Group - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights JM Financial Private Wealth Group (JM Financial) offers of wealth management and related services. Its product offering includes structured products, acquisition financing, private equ...
Summary Yes Bank Wealth Management - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Yes Bank Wealth Management (Yes Bank WM) offers a wide range of investment services, accounts, and other services. Its investment offerings include portfolio management services, mutual funds...
The independent financial analyst theScreener just lowered the general evaluation of KOTAK MAHINDRA BANK (IN), active in the Money Center Banks industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date March 22, 2022, the closing price was IN...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Q3FY20 result highlights KMB’s PAT of Rs16bn grew 24% yoy but declined 7% qoq. PAT was below the consensus estimate of Rs16.7bn due to higher pension cost of erstwhile ING Vysya Bank and slower fees. Loan growth slowed down significantly, so did fees, while opex grew 21% yoy due to higher pension provisions. However NIM remained strong at 4.69% versus 4.61% qoq. GNPAs rose 8% qoq to 2.46% but the base remains low. Slippage remained stable qoq at Rs10.6bn. Loan growth moderated to 10% yoy in ...
(KMB IN, Mkt Cap USD43.5b, CMP INR1618, TP INR1625, Neutral) Slippages stay elevated; PCR remains stable** KMB's third-quarter result mirrored overall slowdown in the economy, which led to moderation in loan growth and elevated slippage trajectory. Overall operating performance was healthy with PPoP increasing by 23% YoY, despite the bank making INR2b provisions toward pension obligations. ** We cut our EPS estimate for FY21/22 by 4%/7%, primarily as we factor in lower loan growth assumption. ...
Q2FY20 result highlights KMB’s PAT of Rs17bn was ahead of the consensus estimate on lower tax and higher NIM. PAT grew 51% yoy and 26% qoq. While loan growth moderated to 15% (18% in 1Q and 21% in 4Q), NIM improved to 4.61% from 4.5% qoq and 4.2% yoy. Asset quality remained sound. While GNPAs rose 9% qoq they remain low at 2.3% of loans. Loan growth moderated to 15%. Growth in corporate and business banking slowed further to 7.5% yoy compared to 15% in 1Q while CV growth also decelerated to ...
KOTAK MAHINDRA BANK: Growth moderates reflecting challenging macro; earnings outlook stable(KMB IN, Mkt Cap USD43.8b, CMP INR1629, TP INR1600, 2% Downside, Neutral) ** KMB reported 2QFY20 standalone PAT of INR17.2b (+51% YoY, 12% beat), supported by a lower tax outgo of INR3.7b (our estimate: INR5.7b), while PBT was in line with 21% YoY growth. Consol. PAT stood at INR24.1b (+38% YoY). For 1HFY20, standalone PPoP/PAT was up 19%/42% YoY to INR49.1b/INR30.8b. ** NII grew 25% YoY to INR33.5b (in-...
More cracks begin to show Weaker than expected data out of China and an as-expected 0.1% preliminary GDP contraction for the 2nd quarter in Germany has global equities back on the defensive, with the MSCI ACWI, ACWI ex-US, and EAFE back near logical support. In last week's Int'l Compass we noted that some cracks are beginning to show in the form of STOXX 600 Banks and Brent crude breakdowns, which led us to believe global equities are vulnerable to a breakdown. Below we highlight more cracks th...
Q1FY20 result highlights KMB’s PAT of Rs13.6bn grew 33% yoy but declined 3% qoq and was slightly below our estimate of Rs13.7bn. While PPOP (18% yoy and 5% qoq) was better than our estimate, the bank made MTM provisions of Rs0.3bn, hence the lower PAT. While loan growth was strong at 18% yoy it moderated from 21% in 4Q. NIMs remain strong at 4.49%, similar to 4Q and higher by 19bps yoy. NIMs were supported by change in loan mix towards higher yielding assets and higher yoy CASA. Asset quality...
KOTAK MAHINDRA BANK: In-line performance; loan growth outlook softens (KMB IN, Mkt Cap USD40.3b, CMP INR1454, TP INR1400, 4% Downside, Neutral) KMB reported 1QFY20 standalone PAT of INR13.6b (+33% YoY, in-line). Consol. PAT stood at INR19.3b (+23% YoY). NII grew 23% YoY to INR31.7b (in-line), led by healthy margins of 4.5% (+20bp YoY, flattish QoQ). Other income increased 12% YoY to INR13.1b. Loan book growth came in lower than expected at 18% YoY to INR2.2t and reflected the slowdown b...
Q4FY19 result highlights KMB’s PAT of Rs14.1bn grew 25% yoy and 9% qoq, 5% higher than our estimate. Core earnings were strong with qoq NIM expansion, higher qoq CASA (the only large bank to have seen a CASA expansion), strong loan growth and lower credit cost. Performance of the asset management and life insurance subsidiaries was strong while performance of securities, investment banking and Kotak Prime was muted. Loan growth remained strong at 21% yoy and 5% qoq. Except business bankin...
Kotak Mahindra Bank: Steady performance across businesses, margins improve sequentially (KMB IN, Mkt Cap USD38.1b, CMP INR1387, TP INR1450, 5% Upside, Neutral) KMB reported PAT of INR14.1b (+25% YoY, in-line) on account of healthy loan growth, improved margins and lower provisions. NII grew 18% YoY to INR30.5b, as the margin expanded 15bp QoQ/13bp YoY to 4.48%. For FY19, NII/PPoP/PAT grew 18%/17%/19%. Loan book grew 21% YoY, led by strong growth in retail loans across segments and corporate...
Q3FY19 result highlights KMB reported a strong quarter with PAT of Rs13bn higher than the consensus estimate of Rs12bn due to higher NIM. PAT grew 23% yoy and 13% qoq. Unadjusted operating profit growth was weak because provisioning write back on investments is adjusted through provisions, below the PPOP. Adjusted PPOP grew strongly at 23% yoy and 11% qoq. Loan growth remained strong at 23.5% yoy and 6.2% qoq. All segments of retail lending except business banking grew strongly with CVs a...
KOTAK MAHINDRA BANK: Loan growth accelerates further, margin cycle set to reverse (KMB IN, Mkt Cap USD33.9b, CMP INR1267, TP INR1350, 6% Upside, Neutral) Standalone results: Provision write-backs and healthy NII helped KMB to report strong 3QFY19 PAT of INR12.9b (+23% YoY, marginally ahead of our estimate). NII grew 23% YoY to INR29.4b, led by healthy loan growth of 23% YoY/6% QoQ and margin expansion of 13bp QoQ to 4.33%. For 9MFY19, PPoP grew 18.0%, while PAT increased 17% YoY. Loan bo...
Kotak Bank has issued preference shares to domestic investors of Rs5bn. This has resulted in dilution of promoter stake to 19.7% from 30%. The reduced promoter stake now meets RBI’s promoter stake requirement which Kotak was expected to achieve by Dec-31, 2018. Key details of the issue 1) The preference shares are non – redeemable, perpetual, non-convertible and non-cumulative. 2) Domestic investors and corporates have invested 3) The face value is Rs5 and the dividend rate is 8.1%. 4) This is...
Q1FY19 result highlights KMB’s PAT of Rs10.2 bn was lower than the consensus estimate of Rs12bn. PAT growth of 12% yoy (decline of 8.8% qoq) was lower than 15% in 4Q18 and 20% in FY18. The miss was driven largely by higher provisions and to a smaller extent by lower NIMs. While net profit growth slowed compared to the last quarter, growth in operating profit was strong at 27% yoy and 0.7% qoq. The bank booked MTM provisions of Rs2.1bn and chose not to use RBI’s dispensation of amortizati...
Kotak Mahindra Bank: Positives factored in; downgrading to Neutral on premium valuations (KMB IN, Mkt Cap USD37.3b, CMP INR1350, TP INR1400, 3% Upside, Downgrade to Neutral) Standalone results 1QFY19 PAT grew ~12% YoY to INR10.2b – 9% miss due to higher provisions (investment provisions of INR2.1b). However, operating profit grew 27.4% YoY to INR20.3b (6% beat), led by 15% YoY NII growth. Margins shrank 5bp QoQ to 4.3%, as incremental loan growth was led by corporate, while borrowings ...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.