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

AU Small Finance Bank Limited / Equity Bottom-Up

AU Small Finance Bank Limited (AUBANK IN)

<div><div><div><div><ul><li>Strong growth momentum but may face margin headwinds in a rising interest rate scenario</li></ul><div><div><div><ul><li>Bank finally shores up specific PCR, drawing down counter-cyclical buffer</li></ul><div><div><div><div><ul><li>Outlook and valuations: We expect the bank to report healthy RoA/RoE of ~1.9%/18%-21% over FY22-25E, led by strong growth and moderating LLP.</li></ul></div></div></div></div></div></div></div></div></div></div></div><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>

Strong growth momentum but may face margin headwinds in a rising interest rate scenarioBank finally shores up specific PCR, drawing down counter-cyclical bufferOutlook and valuations: We expect the bank to report healthy RoA/RoE of ~1.9%/18%-21% over FY22-25E, led by strong growth and moderating LLP.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.

AU Small Finance Bank - Healthy Earnings Beat; Contingency Buffer Draw-Down Boosts PCR