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Gujarat State Petronet - GSPL (Citi) Short-term Pain, Long-term Gain |
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Buy for long-term gain;Bear scenario #1: Flat tariffs, no vol growth, nil value for new pipelines = Rs90/sh;Bear scenario #2: 10% tariff cut, modest vol growth, -ve value for new pipelines = Rs93/sh;12-mth TP of Rs142 | Date | Rating | Target Price | Recommendation Price | Broker house | | 8 Jul 2011 | buy | 142 (from 150) | 94 | Citi Report | |
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Gujarat State Petronet Limited GSPL (Citi) Analyst Meet Takeaways: Positive Affirmation |
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De-risking itself from domestic gas;Announces Mundra LNG terminal; plans another one at Pipavav;Expect Gujarat vols to increase to c45 mmscmd;New pipelines to generate healthy IRRs | Date | Rating | Target Price | Recommendation Price | Broker house | | 6 Jun 2011 | buy | 150 | 100 | Citi Report | |
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gspl (Angel) Transmission volume flat, realisation higher |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 30 May 2011 |
accumulate |
105 |
99 |
Angel Report |
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gujarat state petronet (ICICIsec) Volumes below estimates |
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gujarat state petronet (Emkay) Volumes and realisation disappoints |
Transmission tariff declined by 4.1% YoY & 9.2% QoQ and volume declined marginally by 2.4% YoY to 35.5mmscmd
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 27 May 2011 |
buy |
120 |
97 |
Emkay Report |
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Reports.DesiStockResearch.com |
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gujarat state petronet (Emkay) Volumes and realisation disappoints |
Transmission tariff declined by 4.1% YoY & 9.2% QoQ and volume declined marginally by 2.4% YoY to 35.5mmscmd
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 27 May 2011 |
buy |
120 |
97 |
Emkay Report |
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Reports.DesiStockResearch.com |
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gujarat state petronet (GoldmanSachs) In line with expectations: Volume growth and tariff to be key |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 27 May 2011 |
buy |
120 |
96 |
GoldmanSachs Report |
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Reports.DesiStockResearch.com |
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gujarat state petronet (Citi) 4Q: A Quarter of Clean Ups |
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Adjusted PAT below estimates; EBITDA below on one-off income reversal, higher costs; Depr. changes likely aimed at increasing regulatory net block; Clarity on tariffs next key catalyst; valuation discount to peers to narrow
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 27 May 2011 |
buy |
150 |
96 |
Citi Report |
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Reports.DesiStockResearch.com |
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gujarat state petronet gspl (DeutscheBank) Q4FY11 results: Transmission volume growth stagnates |
GSPL reports net profit of INR1.5bn; +40% YoY, -5% QoQ; Depreciation rate on gas transmission pipelines reduced; Maintain Hold due to muted gas transmission volume growth
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 27 May 2011 |
hold |
110 |
96 |
DeutscheBank Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
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gujarat state petronet gspl (GoldmanSachs) In line with expectations: Volume growth and tariff to be key |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 27 May 2011 |
buy |
120 |
96 |
GoldmanSachs Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
