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KEC International (ICICI securities) Robust order backlog to keep growth ticking |
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High execution coupled with order inflows keep backlog robust;Revenue growth to pick up, be robust but margins to contact YoY |
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KEC International (Angel) Strong execution continues; margin posts a negative surprise |
| Date | Rating | Target Price | Recommendation Price | Broker house | | 2 Aug 2011 | buy | 107 | 79 | Angel Report | |
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KEC International (HSBC) Strong outlook, muted reaction |
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With c60% growth in new orders and c40% growth in backlog, we believe sales growth is likely to double;Guidance for stable margins; EPS growth likely to triple;With a price decline of c25%YTD and a valuation discount of c10% to historical average, the risks seem adequately priced in; upgrade rating to OW (from N), maintain TP of INR105 | Date | Rating | Target Price | Recommendation Price | Broker house | | 10 May 2011 | overweight (from Neutral) | 105 | 79 | HSBC Report | |
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kec international (ICICIsec) Results in line, FY12 to look much better |
Q4FY11 saw reasonable order inflows mainly from T&D segment; Revenue growth to pick up in FY12 back by robust execution
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Reports.DesiStockResearch.com |
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kec international (Angel) Acquisitions aid growth and margins |
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kec international (ICICIsec) Global Aspirations - top pick |
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kec international (Angel) Acquisitions drive revenues and margins |
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kec internationa (ICICIsec) Playing well in international markets |
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Kec International (angel) |
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Kec International (angel) |
