Daily Brief Industrials: Patel Engineering, InterGlobe Aviation Ltd, Suzlon Energy, Minieye Technology, Air Lease Corp and more

• Patel Engineering (PEC IN) ‘s large order book, strategic sectors focus, and successful debt reduction through QIP and restructuring.
• Strong financial resilience, projected revenue growth, and robust order pipeline signal promising future prospects.
• Poised for growth strong order pipeline and increased government focus on Infrastructure, Hydro Power segment and Irrigation segment.

• Impending block deals which generally create supply over-hang on the stock leads to a negative impact on the stock.
• These block deals generally include selling promoters and big funds at a price discount to its current market price.
• Historically, such events suggest once the block deal is done; stock reacts positively creating a Special Situation Opportunity

• Independent Director’s resignation highlights the lack of strong corporate governance practices within Suzlon. 
• Suzlon Energy’s response to the outgoing director’s concerns demonstrates a willingness to address issues and make necessary changes to enhance corporate governance.
• Though it does not raise concerns on any financial irregularities and legal violation but resolution of issues remains a key event to watch for.

• Minieye Technology (1426169D CH) is looking to raise US$150m in its upcoming Hong Kong IPO. The bookrunners on the deal are Citic Securities and CICC.
• Minieye Technology (Minieye) is an intelligent driving and cabin solutions provider in China, offering solutions for critical aspects of the driving experience, including piloting, parking and in-cabin functions.
• Providing Level 0-Level 2++ intelligent driving solutions that are full-stack in-house developed and proven by mass production, the firm has also been developing advanced Level 4 autonomous driving technologies.

• AL provides airlines with flexibility in fleet planning and finance
• Recent challenges such as the Boeing 737 Max grounding and global pandemic have impacted AL’s financial performance
• AL is well-positioned for future growth and improvement in returns due to strong management, diverse aircraft portfolio, positive industry trends, lower interest rates, and self-help initiatives.

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.