JM Financial’s research report on GTPL Hathway
GTPL reported standalone 4Q and FY18 results, and consolidated FY18 results on Friday. Its consol. revenue of INR 10.9bn [+20% yoy] was 2.8% below our forecast, but excluding activation, adjusted revenue of INR 10.0bn was 2.3% lower. Further, FY18 EBITDA of INR 2.92bn [+42%] was 4.6% lower, but adj. EBITDA of INR 1.98bn [+51%] was merely....More>>>
Facebook (NASDAQ:FB) is often considered the 800-pound gorilla of internet growth stocks. The social network’s monthly active users (MAUs) rose 17% annually to 1.86 billion last quarter, and analysts expect its revenue and earnings to respectively grow 37% and 28% this year. Those numbers look solid, and make its forward P/E of 20 look fairly cheap.
However, investors should also recognize....More>>>
In my last update, I talked about gold’s reaction to the Fed rate hike. The rate hike (though nearly unanimously expected) caused the dollar to rally, thereby weighing on gold.
That led to even further negative sentiment, pulling gold down a further $30 per ounce from $1,160 to the $1,130 range. The price of gold today is up slightly 0.27%, but it is still trading....More>>>
Pegasystems (NASDAQ:PEGA) is an online CRM (customer relationship manager) that must be doing something right because is up against a much bigger and formidable competitor like Salesforce (NYSE:CRM), as well as other much bigger companies like SAP AG (NYSE:SAP) and Oracle (NYSE:ORCL).
It can be instructive to look at the relative performance. First, the stock price development over the last....More>>>
A ballistic missile defense system (BMDS) test conducted last Wednesday off the coast of Hawaii failed when the land-based interceptor missile missed its target. The failure is the second in less than a year for a BMDS intended, among other things, to defend against potential North Korean missile launches.
The Aegis Ashore system, from which the missile was launched Wednesday, was first deployed....More>>>
Japanese trading company Itochu (OTCPK:ITOCY) has a tough act to follow – its own meaningful improvement over the past five years. The company was more willing than most of its Japanese trading peers to deemphasize commodity/resource businesses, and it moved fairly quickly here, building up non-resource businesses like its food, machinery, and finance operations. Those moves have led to better....More>>>
Uranium has been back in the news lately, not only due to its relationship with geopolitical maneuvering concerning nuclear weapons, but also as a necessary commodity in the global quest for clean, renewable energy.
The United States is the world’s largest producer of nuclear power, accounting for more than 30% of worldwide nuclear generation of electricity. While....More>>>
Protect American jobs by getting tough on China.
That’s the underlying idea behind President-elect Donald Trump’s threat of a 45% tariff against China as a ploy to bring jobs back to America.
Before pursuing that strategy, however, Trump might want to check out what happened when his predecessor tried that.
President Obama slapped a stiff 35% tariff on Chinese....More>>>
Shares of Advanced Micro Devices Inc (NASDAQ:AMD) have had a few rough days, but should you buy into the stock today?
Shares of Sunnyvale, California-based Advanced Micro Devices Inc (NASDAQ:AMD)have had a rough couple of days. AMD stock closed the day 3.2% lower on the 4th of April, on the back of a bearish note by Pacific Crest’s MikeMcConnell primarily pertaining to....More>>>
With 2016 now in the books, investors can now look ahead for 2017. Market shifts are already underway, and the year’s economic waters remain uncharted as we look to the potential effects of the new administration. Most market analysts agree that 2017 will be another positive year for growth, but, as is typically the case, new developments often create new pitfalls and potential volatility....More>>>