In today’s briefing:
- Indiamart Intermesh Ltd: Q4-F2022 Result Update
- Index Rebalance & ETF Flow Recap: MSCI, S&P/ASX, STI, Sensex, Kotak Bank, SMM/KEP O&M, LIC
- Life Insurance Corporation of India: Update on LIC’s Pre-IPO ESG Ratings and Message
Indiamart Intermesh Ltd: Q4-F2022 Result Update
- Growth in number of subscribers on the back of increased workforce, it may be temporary spike
- Cost pressure visible as per our expectation and the margins continue to be at lower level on Y-o-Y basis
- Buyback of shares within a year of QIP meets more than the eye
Index Rebalance & ETF Flow Recap: MSCI, S&P/ASX, STI, Sensex, Kotak Bank, SMM/KEP O&M, LIC
- Last Friday was the last day of the review period for the MSCI May SAIR, Shanghai Shenzhen CSI 300 Index, STAR50 INDEX, KOSPI2 INDEX, KOSDAQ 150 Index and SENSEX INDEX.
- We expect Yangzijiang Financial Holding (YZJFH SP) will be deleted from the FTSE Straits Times Index (STI) (STI INDEX) at the close on 4 May.
- ETFs focused on China, Taiwan and Hong Kong had inflows during the week while there were outflows on Korea focused ETFs.
Life Insurance Corporation of India: Update on LIC’s Pre-IPO ESG Ratings and Message
- Several months ago, I published two Insights addressing aspects of the impending IPO of Life Insurance Corporation of India (1248Z IN) from several specific ESG perspectives.
- More specifically, they addressed: 1) LIC’s pursuit of pre-IPO ESG ratings, and 2) the decidedly weak (almost non-existent) ESG messaging in the Draft Red Herring Prospectus.
- I promised an update as the IPO drew closer. Unfortunately, no pre-IPO ESG ratings yet and the same generic pre-IPO message… but at this stage, none of that really matters.
Before it’s here, it’s on Smartkarma
