Meituan – Omicron Impact Was Not as Big in 1Q but 2Q Will Have the Full Impact
1Q2022 revenue beat consensus as Omicron impact wasn't as big. No disclosure on GTV for food delivery and room nights which seems strange. 2Q2022...
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Freightways: Earnings Delta Symptomatic of Omicron
FreightwaysEarnings Delta Symptomatic of Omicron NEUTRAL We downgrade Freightways (FRE) to NEUTRAL from OUTPERFORM following strong relative...
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Indian Hotels Company - RevPar Impacted Amid Omicron Wave
We were surprised by the weak 4QFY22 results of Indian Hotels Company Ltd (IHCL) as it implied that the impact of Omicron was higher than what we...
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India's Delta Corporation Endures Omicron with Strong Fiscal 2021-2022 in Vastly Underserved Market
Delta Corp, the only publicly listed major gaming stock in India has moved past covid declines and reopened to produce strong FY 2021-2022 results....
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Commerce Sector: SSSG Remain Strong Amid Omicron Outbreaks
The sector will benefit from the economic recovery as shown by Consumer Confidence Index that recovered to 44.6% in February 2022 from the bottom...
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