ConsumerDaily Briefs

Consumer: Don Agro International Ltd, Zomato, Peloton Interactive, Skylark Co Ltd, Index Livingmall PCL and more

In today’s briefing:

  • Smartkarma Corporate Webinar | Don Agro: From Russia With Food
  • Zomato’s Investments Game: Stain on Governance
  • Peloton and the Kiss(es) of Death
  • Skylark Holdings (3197): Earnings Forecast Update in Light of Omicron Outbreak
  • ILM: Expect 4Q21 Earnings Improve QoQ

Smartkarma Corporate Webinar | Don Agro: From Russia With Food

By Smartkarma Research

For our next Corporate Webinar we are glad to welcome the management team of Don Agro International (DAG SP):

  • CEO, Marat Devlet-Kildeyev

  • CFO, Artur Nazaryan

In their upcoming webinar, Don Agro management will share a short company presentation after which, they will engage in a fireside chat with Smartkarma Insight Provider, Nicolas Van Broekhoven. A live Q&A session will follow.

The Corporate Webinar will be hosted on Tuesday, 25 January 2022, 17:00 SGT.

Don Agro (SGX: GRQ) is one of the largest agricultural companies in the Rostov region in Russia, the most fertile region of the country. The Group is engaged in the cultivation of agricultural crops and production of raw milk. Don Agro has a total controlled land bank of 67,340 hectares. The Group’s operations are situated close to the Azov and Black Seas and the Don River which house major international ports. In addition, Don Agro is the largest milk producer in the Rostov region and owns more than 4,000 heads of dairy cattle.

Corporate Webinars by Smartkarma Corporate Solutions feature discussions with IROs and Executives, discussing their companies, the challenges they face, and the opportunities in their sectors and markets.


Zomato’s Investments Game: Stain on Governance

By Nitin Mangal

  • Zomato (ZOMATO IN) had made total investments of $275 million in the year 2021 across 4 different companies.
  • The investments made by the company have and may further lead to controversies as it showed poor patterns of governance practices.
  • We highlight these issues pertaining to two of these investments viz. Grofers and Shiprocket.

Peloton and the Kiss(es) of Death

By Investment Talk

  • As I perused the headlines yesterday, I came across a CNBC article that suggested Peloton would be hiring McKinsey to “review its cost structure and potentially eliminate some jobs”. 
  • Whilst Foley is not likely to be sleeping with fishes anytime soon, the CNBC report suggests that 12% of Peloton’s physical store count might be on the chopping board
  • Whilst I still continue to believe Peloton will have success in their market over the longer term, this does not equate to attractive shareholder returns

Skylark Holdings (3197): Earnings Forecast Update in Light of Omicron Outbreak

By Mita Securities

  • We are updating our earnings forecasts for Skylark Holdings (3197, the company) in light of its 3Q FY12/21 results
  • Earnings forecast for FY12/22 and beyond: Moderate recovery
  • Our target price is equivalent to 34.2x our FY12/24 EPS forecast of 46.85 yen.

ILM: Expect 4Q21 Earnings Improve QoQ

By Research Group at Country Group Securities

  • We maintain BUY rating with a target price of Bt21.0, derived from 18xPE’22E, +1SD from three years average trading range or 50% discount from Home improvement subsector.
  • We expect ILM to report 4Q21 net profit at Bt135m (-6%YoY, +142%QoQ). QoQ recovery will be supported by an increase in revenue, thanks to stores sales recovery (SSSG at +13%YoY)
  • We expect 2022E earnings to recover 46%YoY supported by revenue growth at +5.6%YoY to Bt8.5bn from; 1) a new products launch to attract new targeted  customers (low-ended and luxury segments)

Before it’s here, it’s on Smartkarma