Daily BriefsIndia

Daily Brief India: Bandhan Bank Ltd, On Semiconductor, Road King Infrastructure, Sonos Inc and more

In today’s briefing:

  • Bandhan Bank Ltd (BANDHAN IN) | Still Waters, but May Not Run Deep
  • ON Semiconductor Corporation- Initiation of Coverage – Capacity Expansion & Other Drivers
  • Weekly Wrap – 23 Sep 2022
  • Sonos Inc.: Initiation of Coverage – Sonos Voice Control & Other Key Product Drivers

Bandhan Bank Ltd (BANDHAN IN) | Still Waters, but May Not Run Deep

By Pranav Bhavsar

  • Over the last 6M, Bandhan Bank Ltd (BANDHAN IN) has underperformed the Nifty 50 by ~7.3% (BANDHAN -5.92% vs Nifty +1.39%)
  • Our flash checks across West Bengal and Assam indicate a stable to improving business environment. 
  • We reiterate our view of that the asset quality downcycle could be on the verge of ending. Additional provisioning requirements should be sharply lower from Q3 FY23.

ON Semiconductor Corporation- Initiation of Coverage – Capacity Expansion & Other Drivers

By Baptista Research

  • This is our first report on ON Semiconductor Corporation, a well-known provider of intelligent sensing and power solutions.
  • The management has streamlined their product line by eliminating price-sensitive products in favour of fiercely competitive Intelligent Power and Sensing Solutions.
  • Because of the solutions’ strong performance, the depth of their intelligent power and sensor portfolio, and end-to-end manufacturing capabilities, their clients select ON Semiconductors as a strategic partner to support their long-term technology roadmaps.

Weekly Wrap – 23 Sep 2022

By Charles Macgregor

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.

In this Insight:

  1. China Jinmao Holdings
  2. Guangzhou R&F Properties
  3. Sunac China Holdings
  4. Evergrande
  5. Central China Real Estate

and more…


Sonos Inc.: Initiation of Coverage – Sonos Voice Control & Other Key Product Drivers

By Baptista Research

  • This is our first report on Sonos, the multi-room audio products major.
  • The macroeconomic environment has grown significantly more hostile for Sonos off late after it enjoyed a decent phase during the pandemic.
  • Despite the uncertain environment, Sonos has a strong brand identity, a dependable and devoted premium client, and a sizable and expanding market opportunity.

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