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.

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.

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>We upgrade Westlife to BUY (from Add), as it offers an improving growth/margin trajectory at an attractive entry point.</li><li>Q3 EBITDA came at a marginal 4-5% miss on higher marketing spends, but strong initiatives toward enhancing its Value (meals), Chicken (South), and Café offerings should drive better growth/margins here-on.</li><li>The company’s strategy is seeing initial signs of success, as Q3 SSG of ~3% was a mix of strong traction across specific regions and a lull across the rest, where it is taking corrective actions.</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>

We upgrade Westlife to BUY (from Add), as it offers an improving growth/margin trajectory at an attractive entry point.Q3 EBITDA came at a marginal 4-5% miss on higher marketing spends, but strong initiatives toward enhancing its Value (meals), Chicken (South), and Café offerings should drive better growth/margins here-on.The company’s strategy is seeing initial signs of success, as Q3 SSG of ~3% was a mix of strong traction across specific regions and a lull across the rest, where it is taking corrective actions.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.

Westlife Foodworld - Upgrade to BUY on Visible Turnaround

Westlife Development

Westlife Foodworld - Upgrade to BUY on Visible Turnaround