In today’s briefing:
- NSDL Pre-IPO – The Positives – Dominant Position, Strong Revenue Growth
- RECL – Near Insatiable Power Credit Demand, Great NPL Trend, New Maharatna Status, 3x Avg Div Yield
- India-Based Credgenics Banks $50m to Simplify Debt Resolution
- APAC WEEKLY Monitor: Current MRM Supports and Probabilities Re-Cap
- NSDL Pre-IPO – The Negatives – Margins Could Drag
NSDL Pre-IPO – The Positives – Dominant Position, Strong Revenue Growth
- National Securities Depository Limited (NSDL) is looking to raise around US$400m in its India IPO.
- It is the largest depository in India in terms of number of issuers, number of active instruments, market share in demat value of settlement volume and value of assets.
- In this note, we talk about the positive aspects of the deal.
RECL – Near Insatiable Power Credit Demand, Great NPL Trend, New Maharatna Status, 3x Avg Div Yield
- Recently awarded “Maharatna” status, only 12 companies, FY24 is first full year for this
- Growth is steady, with good returns, and major improvement in credit metrics
- Its 4.77% dividend yield is incredibly high and about 3x higher than peers
India-Based Credgenics Banks $50m to Simplify Debt Resolution
- India-based Credgenics, a loan collection services firm, has raised US$50 million in its series B funding round led by Accel and WestBridge Capital.
- It will use the new capital to diversify its offerings and reach other client segments. Credgenics also looks to expand its international business.
- The company’s geographical expansion will primarily focus on countries such as Indonesia and Vietnam, which share similarities with India’s credit market.
APAC WEEKLY Monitor: Current MRM Supports and Probabilities Re-Cap
- All the APAC markets we cover (Nifty50, HSI, Nikkei225, Kospi200, S&P/ASX200) are pulling back and some of them have been doing so for 3 weeks.
- In this insight we want to offer a re-cap of all the MRM support levels and probabilities for the APAC markets above, after the August 16th Close.
- Check our previously published single-market insights for deeper analysis and related investment ideas: Nifty50, HSI, Nikkei225, Kospi200, S&P/ASX200.
NSDL Pre-IPO – The Negatives – Margins Could Drag
- National Securities Depository Limited (NSDL) is looking to raise around US$400m in its India IPO.
- It is the largest depository in India in terms of number of issuers, number of active instruments, market share in demat value of settlement volume and value of assets.
- In this note, we talk about the not-so-positive aspects of the deal.
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