External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Thematic (Sector/Industry)

<ul><li>The IT Services sector is expected to report moderate growth in Q3FY23, primarily on account of the seasonally weak quarter and slowing down growth momentum led by uncertainties in the US and UK.</li><li>However, IT spending in North America and Europe has continued to be relatively strong owing to the demand for digital transformation and cloud transformations.</li><li>We believe it is likely to remain intact, at least for the quarter. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The IT Services sector is expected to report moderate growth in Q3FY23, primarily on account of the seasonally weak quarter and slowing down growth momentum led by uncertainties in the US and UK.However, IT spending in North America and Europe has continued to be relatively strong owing to the demand for digital transformation and cloud transformations.We believe it is likely to remain intact, at least for the quarter. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

IT Q3FY23 Result Preview – Demand Slowing Down; Margins Remain Stable

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

<ul><li>Comba Telecom Systems (Comba) has a global customer base including major telecommunication operators such as Vodafone, Ooredoo, Airtel, Telenor, China Mobile, China Telecom, China Unicom, and other major telecommunication equipment providers.</li><li>The company owns over 5,500 patents globally, and offers a comprehensive suite of innovative products and services including base station antennas, network products and wireless transmission services.</li><li>In China, the demand for 5G base station antennas is driven by the deployment of 5G medium-frequency network and stable demand from the 3 largest telecommunication operators in China.</li></ul>

Comba Telecom Systems (Comba) has a global customer base including major telecommunication operators such as Vodafone, Ooredoo, Airtel, Telenor, China Mobile, China Telecom, China Unicom, and other major telecommunication equipment providers.The company owns over 5,500 patents globally, and offers a comprehensive suite of innovative products and services including base station antennas, network products and wireless transmission services.In China, the demand for 5G base station antennas is driven by the deployment of 5G medium-frequency network and stable demand from the 3 largest telecommunication operators in China.

Comba Telecom – Global solutions & service provider of wireless and information communications systems – Lists on SGX

<ul><li>Bharti Airtel Ltd (Airtel) reported strong numbers in Q2FY23 and reported consistent growth across the overall portfolio, mainly led by enterprise and Home Business.</li><li>The company posted revenue of Rs 34,527 Cr for the quarter, up 5.3%/21.9% QoQ/YoY.</li><li>Its consolidated EBITDA Margin expanded by 60bps QoQ to 51% driven by the company’s efficient execution, superior customer mix, and strong customer additions in 4G.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bharti Airtel Ltd (Airtel) reported strong numbers in Q2FY23 and reported consistent growth across the overall portfolio, mainly led by enterprise and Home Business.The company posted revenue of Rs 34,527 Cr for the quarter, up 5.3%/21.9% QoQ/YoY.Its consolidated EBITDA Margin expanded by 60bps QoQ to 51% driven by the company’s efficient execution, superior customer mix, and strong customer additions in 4G.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bharti Airtel Ltd - Healthy Broad-Based Revenue Growth

<ul><li>Q2FY23 marked a cool-off in the key commodity prices including the base metals and the crude oil as against the Q1FY23 period that witnessed elevated commodity prices, which had changed the inflation dynamics significantly.</li><li>To curb the prevailing inflation problem, all central banks including the RBI have adopted a path of aggressive policy tightening.</li><li>The RBI increased the repo rate by 50bps in Sep’22 MPC, marking a total policy rate hike of 190bps to 5.9%.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q2FY23 marked a cool-off in the key commodity prices including the base metals and the crude oil as against the Q1FY23 period that witnessed elevated commodity prices, which had changed the inflation dynamics significantly.To curb the prevailing inflation problem, all central banks including the RBI have adopted a path of aggressive policy tightening.The RBI increased the repo rate by 50bps in Sep’22 MPC, marking a total policy rate hike of 190bps to 5.9%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Data consumption in India likely to increase – Covid-19 outbreak proved as a boon for telecom and automation sectors.</li><li>India Mobile Data Consumption Market is mainly driven by an increasing number of wireless data subscribers.</li><li>Percentage of number of wireless data subscribers over total wireless subscribers increased from 36.32% at the year ending 2017 to 62.35% at the year ending 2022.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Data consumption in India likely to increase – Covid-19 outbreak proved as a boon for telecom and automation sectors.India Mobile Data Consumption Market is mainly driven by an increasing number of wireless data subscribers.Percentage of number of wireless data subscribers over total wireless subscribers increased from 36.32% at the year ending 2017 to 62.35% at the year ending 2022.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week - Bharti Airtel Ltd (Airtel)

India

Bharti Airtel Limited, a part of Bharti Enterprises, provides telecommunications services throughout India. The Company provides GSM Mobile Services, broadband, fixed line telephone services, long distance services (international & national) and enterprise services.

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Bharti Airtel (BHARTI IN)

IT Q3FY23 Result Preview – Demand Slowing Down; Margins Remain Stable

The IT Services sector is expected to report moderate growth in Q3FY23, primarily on account of the seasonally weak quarter and slowing down growth...

Axis Direct

Comba Telecom – Global solutions & service provider of wireless and information communications systems – Lists on SGX

Comba Telecom Systems (Comba) has a global customer base including major telecommunication operators such as Vodafone, Ooredoo, Airtel, Telenor,...

Singapore Exchange Ltd (SGX)

Bharti Airtel Ltd - Healthy Broad-Based Revenue Growth

Bharti Airtel Ltd (Airtel) reported strong numbers in Q2FY23 and reported consistent growth across the overall portfolio, mainly led by enterprise...

Axis Direct

Consolidate Q2FY23 Result Preview

Q2FY23 marked a cool-off in the key commodity prices including the base metals and the crude oil as against the Q1FY23 period that witnessed...

Axis Direct

Pick of the Week - Bharti Airtel Ltd (Airtel)

Percentage of number of wireless data subscribers over total wireless subscribers increased from 36.32% at the year ending 2017 to 62.35% at the...

Axis Direct

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