External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades.

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External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>TTAN reported a ~10% EBITDA miss, half of which was due to a ~100bps miss on jewelry margin, with the rest due to higher loss on customs duty cut (oneoff).</li><li>Topline trends for jewelry are impressive with 15%/21% LFL/UCP growth in Q2, and encouraging festive trends in Q3TD.</li><li>TTAN maintained that it is not seeing material queries around LGD and the 300bps fall in studded mix is because of price volatility in high-value solitaires.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

TTAN reported a ~10% EBITDA miss, half of which was due to a ~100bps miss on jewelry margin, with the rest due to higher loss on customs duty cut (oneoff).Topline trends for jewelry are impressive with 15%/21% LFL/UCP growth in Q2, and encouraging festive trends in Q3TD.TTAN maintained that it is not seeing material queries around LGD and the 300bps fall in studded mix is because of price volatility in high-value solitaires.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Titan Company - Encouraging Topline Trends

Titan Co Ltd

Titan Company - Encouraging Topline Trends