In today’s briefing:
- Canara Bank – Bad Debt Charges Down in the Quarter, Net Loan Growth Nearly INR1tr YoY in 1Q25
- Mr Cooper Group Inc (COOP) – Sunday, Apr 28, 2024
- Morning Views Asia: SK Hynix
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Canara Bank – Bad Debt Charges Down in the Quarter, Net Loan Growth Nearly INR1tr YoY in 1Q25
- Credit metrics continue to improve, with NPLs down to INR404bn in 1Q25 from INR458bn YoY and from INR407bn QoQ
- Net loan growth continues to rise by about INR1tr each quarter, with net loans at INR9,465bn in 1Q25 up from INR8,554bn YoY and INR9,318bn QoQ
- There are pressures on costs and margins, so the story is not all perfect, with NIM pressure potentially to reverse as LDR expands
Mr Cooper Group Inc (COOP) – Sunday, Apr 28, 2024
- Mr. Cooper has seen impressive growth in the past 5 years, with shares up around 392%
- The market often misunderstands Mr. Cooper as cyclical, volatile, and rate-sensitive, but the company’s business model is “naturally hedged”
- The current low-rate environment and undersupply of housing in the US present growth opportunities for Mr. Cooper, making it a recommended investment according to the author’s detailed analysis.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
Morning Views Asia: SK Hynix
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.