External broker reports(aggregated public sources), Edelweiss Broking Limited

Edelweiss

External broker reports(aggregated public sources)

Edelweiss Broking Limited

Edelweiss Broking Limited is an Indian Financial services company based in Mumbai, India. The company is a subsidiary of Edelweiss Group. 

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Equity Bottom-Up

<p>All round positive quarter</p><div class="content-highlight"><em>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.</em></div>

All round positive quarterContent 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.

City Union Bank Ltd. | Q2FY22 Result Update

External broker reports(aggregated public sources), Axis Direct

Axis Direct

<p>City Union Bank (CUB) Q1FY22 performance was largely stable with asset quality in check. Stress was wellmanaged in a tough environment with restructuring at ~5.5% and slippage ratio of ~5%. Strong CASA growth of 22% resulted in the Cost of Funds declining by 6bps QoQ (4.09%),aiding NIM expansion by 14bps(3.86%).Loan growth was muted at 5% YoY. PPOP growth was aided by improved NII, and cost controls, up 8%/35% YoY/QoQ. G/NNPA rose by 48bps/52bps QoQ to 5.6%/3.5%.PCR is healthy at ~63%. Credit costs stood at ~1.7% in Q1FY22 vs ~2% in Q4FY21. PAT was up 12%/56% YoY/QoQ to Rs 1.7 Bn.</p><p>We maintain our BUY recommendation with a target price of Rs 195/share (2.2x FY23E ABV).</p><div class="content-highlight"><em>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.</em></div>

City Union Bank (CUB) Q1FY22 performance was largely stable with asset quality in check. Stress was wellmanaged in a tough environment with restructuring at ~5.5% and slippage ratio of ~5%. Strong CASA growth of 22% resulted in the Cost of Funds declining by 6bps QoQ (4.09%),aiding NIM expansion by 14bps(3.86%).Loan growth was muted at 5% YoY. PPOP growth was aided by improved NII, and cost controls, up 8%/35% YoY/QoQ. G/NNPA rose by 48bps/52bps QoQ to 5.6%/3.5%.PCR is healthy at ~63%. Credit costs stood at ~1.7% in Q1FY22 vs ~2% in Q4FY21. PAT was up 12%/56% YoY/QoQ to Rs 1.7 Bn.We maintain our BUY recommendation with a target price of Rs 195/share (2.2x FY23E ABV).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.

City Union Bank: Stable Performance; Asset Quality In Check

<p>Beat on operational front due to lower credit cost</p><div class="content-highlight"><em>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.</em></div>

Beat on operational front due to lower credit costContent 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.

City Union Bank Ltd. Rs Q1FY22 Result Update

<p>A muted quarter</p><div class="content-highlight"><em>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.</em></div>

A muted quarterContent 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.

City Union Bank Ltd. Rs Q4FY21 Result Update

India

City Union Bank Ltd. is a full service bank. The Bank offers a wide range of banking and financial services across India, including both domestic and International banking services.

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City Union Bank (CUBK IN)

City Union Bank Ltd. | Q2FY22 Result Update

All round positive quarter

Edelweiss

City Union Bank: Stable Performance; Asset Quality In Check

We maintain our BUY recommendation with a target price of Rs 195/share (2.2x FY23E ABV). City Union Bank (CUB) Q1FY22 performance was largely...

Axis Direct

City Union Bank Ltd. Rs Q1FY22 Result Update

Beat on operational front due to lower credit cost

Edelweiss

City Union Bank Ltd. Rs Q4FY21 Result Update

A muted quarter

Edelweiss

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