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In today’s briefing:
- Hyundai Motor India IPO: Key Facts and Financials at a Glance
- EQD / Weekly Vol Update / Positive Risk-Sentiment & Short Trading Week Put Pressure on IV Levels
- Morning Views Asia: Bharti Airtel, China Vanke , Nickel Industries
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Hyundai Motor India IPO: Key Facts and Financials at a Glance
- Hyundai Motor India’s proposed IPO is an offer for sale by its parent, Hyundai Motor Company, Korea, and reported to raise USD3 billion, potentially making it India’s largest IPO ever.
- Hyundai Motor India’s sales growth has been driven by strong domestic and export sales, both in volume and unit realisation.
- With SUVs now making up 62% of Hyundai Motor India’s domestic volumes, up from 45% in FY2021, the shift towards premium models has boosted profit margins.
EQD / Weekly Vol Update / Positive Risk-Sentiment & Short Trading Week Put Pressure on IV Levels
- IVs move lower at an accelerated pace driven by holiday shortened week & risk-seeking sentiment.
- Vol-Regime has switched to “High & Down” state, projecting an elongated period of falling IV levels.
- Nifty50 Smile & Skew dynamics continue to compress. Vol term structure has moved from Backwardation to Contango in conjunction with falling IVs
Morning Views Asia: Bharti Airtel, China Vanke , Nickel Industries
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.