Bottom-Up EquitiesDaily Briefs

Equity Bottom-Up: HealthCare Global Enterprises, China Construction Bank H, Bajaj Finance Ltd and more

In today’s briefing:

  • Smartkarma Corporate Webinar | HealthCare Global: New Opportunities in Cancer Care in India
  • China Construction Bank – Net Interest Income Soars
  • Bajaj Finance – Who’s Kidding Whom?

Smartkarma Corporate Webinar | HealthCare Global: New Opportunities in Cancer Care in India

By Smartkarma Research

In our next Smartkarma Corporate Webinar, we are glad to welcome Niraj Didwania, Head of Corporate Development and Investor Relations at HealthCare Global Enterprises Limited (HCG IN). Niraj will share a short presentation about the company and have a fireside chat with Smartkarma Insight Provider Ankit Agrawal, CFA, followed by a live Q&A session.

The Corporate Webinar will be hosted live on Tuesday, 13 April 2021, 14:30 IST / 17:00 SGT.

It will also be recorded for future reference by Smartkarma and HCG.

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.


China Construction Bank – Net Interest Income Soars

By Daniel Tabbush

We are all focused on bad loans and credit costs, but we can not lose sight of core net interest income. CCB, one of the largest banks in the world, reveals accelerating and strong growth in the latest quarter.  Together with lower credit costs, this can be extra powerful to profit delta in FY21.


Bajaj Finance – Who’s Kidding Whom?

By Thomas J. Monaco

*Pre-release Says Nothing About Capital And Credit: Bajaj Finance (BAF.IN) [Bajaj] released a FY 4Q21 balance sheet update, ahead of its scheduled earnings update. Key highlights were limited to: AUM growth; new customer acquisition; and deposit growth; and  

*Credit Challenges Far From Over With: The day of reckoning is coming for Bajaj as net new NPLs amounted to INR 23.0 bn during FY 3Q21 – increasing at 520% on an annualized basis. By our calculation, reserves need to increase INR 177 bn or nearly 8x – representing nearly three years of PBT and over 50% of shareholder’s equity.


Related tickers: HealthCare Global Enterprises (), China Construction Bank H (0939.HK), Bajaj Finance Ltd (BAF.NS)

Before it’s here, it’s on Smartkarma