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SKS Microfinance (Credit Suisse) Weak 1Q results as expected |
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Weak 1Q12 results as expected;MFI Bill – positive for the future business prospects | Date | Rating | Target Price | Recommendation Price | Broker house | | 28 Jul 2011 | underperform | 323 | 521 | Credit Suisse Report | |
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SKS Microfinance (Citi) Draft MFI Bill a Positive; But Challenges Remain |
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New draft Microfinance Bill;Difficult to predict timelines, but positive medium term;Near-term challenges however to continue;Loan growth, overdue recoveries to remain a challenge;Stock has already reacted sharply, leaves little room for upsides | Date | Rating | Target Price | Recommendation Price | Broker house | | 7 Jul 2011 | sell | 250 | 411 | Citi Report | |
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sks microfinance (Citi) Reducing Target Price: Asset Quality Pain Likely to Remain |
Asset quality pain causes large earnings miss; Reducing earnings, target price, maintain Sell; AP loan book sees collections dry up; Need for MFIs still quite strong, but economic model needs to be fixed
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 10 May 2011 |
sell |
250 (from 605) |
270 |
Citi Report |
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sks microfinance (CreditSuisse) Weak 4Q results |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 9 May 2011 |
downgrade to underperform |
323 (From 1575) |
331 |
CreditSuisse Report |
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Reports.DesiStockResearch.com |
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sks microfinance (JPMorgan) Still very stressed - cut PT to Rs200 |
We cut our PT on SKS to Rs 200 from Rs 550; Asset quality risks increasing; New RBI rules still restrictive; Capital at risk; Not cheap enough
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 6 May 2011 |
underweight |
200 (from 550) |
413 |
JPMorgan Report |
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Reports.DesiStockResearch.com |
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sks microfinance (Citi) Malegam Report Accepted, But AP Regulations Still a Thorn |
RBI broadly accepts Malegam Committee recommendations; Provides some relaxations - Malegam committee recommendations; Eases concerns outside Andhra, but AP regulations key challenge; Remain cautious on SKS unless AP MFI Act gets repealed
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 3 May 2011 |
sell |
605 |
430 |
Citi Report |
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Reports.DesiStockResearch.com |
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sks microfinance (Citi) Malegam Report Offers Hope, But Not Immediate Relief |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 16 Feb 2011 |
sell |
605 |
649 |
Citi Report |
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Reports.DesiStockResearch.com |
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sks microfinance (JPMorgan) 3Q FY11: PAT plunges; maintain Underweight |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 25 Jan 2011 |
underweight |
-- |
685 |
JPMorgan Report |
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Reports.DesiStockResearch.com |
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sks microfinance (JPMorgan) Malegam committee report: Some ray of hope, but with stringent conditions; maintain Underweight |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 19 Jan 2011 |
underweight |
550 |
669 |
JPMorgan Report |
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Reports.DesiStockResearch.com |
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sks microfinance (Citi) Downgrade to Sell: More Pain Likely, and Field Trip Takeaways |
| Date |
Rating |
Target Price |
Recommendation Price |
Broker house |
| 16 Dec 2010 |
sell (from hold) |
605 (from 1435) |
721 |
Citi Report |
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Reports.DesiStockResearch.com |
