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Mundra Port And Special Economic Zone (Citi) Gilt Standard – Will Continue to Shine; Increasing TP to Rs185 |
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Best play on India’s coal shortage and trade growth;Expanding for the future;Key link in coal import logistics;Cutting estimates by 2%-4% over FY12E/13E;Increase TP to Rs185 | Date | Rating | Target Price | Recommendation Price | Broker house | | 20 Jun 2011 | buy | 185 (from 163) | 151 | Citi Report | |
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mundra port and special economic zone (citi) Q4FY11 Results - Ahead of Expectations |
Recurring PAT up 22%YoY, 12% ahead of expectations; Change in accounting for SEZ land lease income boosts profits by Rs839mn; FY11 Cargo growth of 30%YoY - in line with expectations; Continues to gain market share vs. major ports; SEZ land sales continue to lag
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 9 May 2011 |
buy |
163 |
132 |
citi Report |
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Reports.DesiStockResearch.com |
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mundra port and sez (JPMorgan) Acquires US$2bn coal terminal in Australia - |
MPSEZ has acquired the long term lease of 50MTPA capacity Abbot Point Coal Terminal (ABCT); Acquisition appears expensive; The acquisition appears EPS dilutive at least over next 2 years; Synergy with ADE's coal tenement in Galilee still distant; Bottomline- richly valued acquisition
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 4 May 2011 |
neutral |
165 |
143 |
JPMorgan Report |
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Reports.DesiStockResearch.com |
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mundra port and special economic zone (Citi) Abbot Point Acquisition: Pricey |
Acquires Abbot Point Coal Terminal for AUD 1.8bn; An operational, profit making port; Negative for Mundra Port; Positive for Adani Enterprises; Strategy of dovetailing the parent - has Mundra port paid too much?
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 3 May 2011 |
buy |
163 |
144 |
Citi Report |
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Reports.DesiStockResearch.com |
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mundra port and sez (JPMorgan) All set for a strong FY12 |
More positive on FY12 growth; Tax to play dampener beyond FY12; Including tax impact at Mundra port; Competition at Hazira; Maintain Neutral
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 2 May 2011 |
neutral |
165 (from 161) |
144 |
JPMorgan Report |
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Reports.DesiStockResearch.com |
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mundra port and special economic zone (CreditSuisse) Correction overdone; CMP attributing zero value to SEZ and Hazira port - Upgrade to O |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 1 Apr 2011 |
outperform (upgrade) |
162 (From 180) |
136 |
CreditSuisse Report |
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Reports.DesiStockResearch.com |
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mundra port and sez (JPMorgan) Finally forays on the East coast |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 23 Mar 2011 |
neutral |
161 |
131 |
JPMorgan Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
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mundra port and special economic zone (Citi) MAT Impact Overdone, Opportunity to Buy |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 28 Feb 2011 |
buy |
163 |
138 |
Citi Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
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mundra port and special economic zone (Citi) Upgrading to Buy: Five Good Reasons |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 11 Feb 2011 |
buy (from sell) |
163 |
133 |
Citi Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
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mundra port and special economic zone (JPMorgan) |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 19 Jan 2011 |
n |
161 |
140 |
JPMorgan Report |
Yahoo Link+NSE Link+Reuters Link+Reuters India Link+Google Link+DSR Search
Reports.DesiStockResearch.com |
