In today’s briefing:
- Global Health IPO – Small Player but Attractive
- Go Digit General Insurance Pre-IPO – The Positives – Has Been Growing a Lot Faster than the Industry
- Boeing Co: Major Drivers
- Tyler Technologies: Acquisition of Rapid Financial Solutions & Other Drivers
Global Health IPO – Small Player but Attractive
- Global Health (Medanta) (GH IN) is looking to raise approximately US$268m in its upcoming India IPO.
- Global Health (GH) is a hospital network that operates under the Medanta brand. The firm currently has five hospitals in operation and one more planned for development.
- We have looked at the background of the deal in our earlier notes. In this note, we will talk about the peer comparison and valuations.
Go Digit General Insurance Pre-IPO – The Positives – Has Been Growing a Lot Faster than the Industry
- Go Digit General Insurance is looking to raise about US$503m in its upcoming India IPO. The deal will be run by ICICISec, MS, Axis, Edelweiss, HDFC Bank and IIFL.
- Go Digit General Insurance is a digital full stack insurance company, offering motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products.
- In this note, we talk about the positive aspects of the deal.
Boeing Co: Major Drivers
- Boeing delivered yet another highly disappointing set of results as it failed to meet the market expectations with respect to revenues as well as earnings.
- Despite the challenge created by the supply chain market problems, Boeing’s management believes that their performance was not too bad.
- The revenue increased by 4% in the third quarter, and besides that, the company delivered 9 airplanes in the quarter and has 115 airplanes in inventory.
Tyler Technologies: Acquisition of Rapid Financial Solutions & Other Drivers
- Tyler Technologies delivered yet another all-around beat that was a result of its 3% organic growth in this quarter, excluding COVID-related revenues of approximately 9%.
- It reflects both company’s accelerating shift to the cloud and growth in transaction-based revenues.
- Overall, we provide the stock of Tyler Technologies with a ‘Hold’ rating and a revision in the target price.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
