In today’s briefing:
- Senco Gold Ltd IPO- Forensic Analysis
- HDFC – Amalgamated, We List Its Own Key Synergies, Which Appear Tremendous
- Morning Views Asia: MGM China Holdings, Sino-Ocean Service, Vedanta Resources
Senco Gold Ltd IPO- Forensic Analysis
- Senco Gold (0655443D IN) ‘s long awaited IPO is scheduled to open this week.
- The company is the largest organized retail jewellery player in the East and has a pan India presence.
- A look at its IPO filing and current financials reveal several key takeaways, including ongoing litigations, inability to generate cash and register key trademarks, etc.
HDFC – Amalgamated, We List Its Own Key Synergies, Which Appear Tremendous
- News out this morning that HDFC Bank and HDFC merger became effective 1 July
- This occurred after the Boards approved the merger scheme on 30 June
- Funding cost benefits, operating cost synergies, product cross-sale: major benefits
Morning Views Asia: MGM China Holdings, Sino-Ocean Service, Vedanta Resources
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.
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