BANDHANBNK
24.01.2022 - CLSA on Bandhan Bank Maintain Outperform CMP 296 Target 340
24.01.2022 - Jefferies on Bandhan Bank Mantain Buy CMP 296 Target 380
05.01.2022 - CLSA Bandhan BK Maintain Sell CMP 254 Target 225
05.01.2022 - GS Bandhan BK Maintain Buy CMP 254 Target 440
05.01.2022 - GS Bandhan BK Maintain Buy Target 440
CS on Bandhan Bank : 30.08.2021
MFI uncertainty weighing; strong core profitability &attractive vals
GS ON BANDHAN BANK : 03.08.2021
* GS maintains Buy rating on Bandhan Bank but removes it from the conviction list on near-term macro uncertainty
* Reported An Operationally Strong Quarter With PPOP 4% Ahead Of Estimates
* Growth & Most Importantly, Asset Quality Majorly Impacted Due To Strict Local Lockdowns
* Remain Buy, But Remove It From The Conviction List
* Near-term Macro Uncertainty Can Weigh On Stock Outperformance
* MAINTAIN BUY TARGET: 447
CLSA ON BANDHAN BANK : 16.07.2021
* CLSA shares its view on Bandhan Bank's Q1 update, says overdues in West Bengal have been high in spite of negligible political interference, maintains UNDERPERFORM rating on the stock
* Q1 Update Indicates Collection Efficiency Of 72% In Microfinance Biz Vs 95% Collections In March
* MFI Collections Drop Has Been High In COVID 2nd
* In West Bengal, Overdues High In Spite Of Negligible Political Interference
* MAINTAIN UNDERPERFORM TARGET: 300
JEFFERIES ON BANDHAN BANK : 21.06.2021
* MAINTAIN BUY TARGET: 400
* Jefferies maintains BUY call on Bandhan Bank, target at Rs 400/sh
* Assam govt Package Positive For Lenders
* Co Will Benefit As State Forms 12% Of MFI Loan & Faced Higher Stress
* FY22 May Still See 7% Negative Impact From Weaker Topline Due To Repayment
* Valuations Attractive At Current Levels
CLSA ON BANDHAN BANK : 21.06.2021
* MAINTAIN UNDERPERFORM TARGET: 300
* CLSA maintains UNDERPERFORM call on Bandhan Bank, target at Rs 300/sh
* Asaam Govt's MFI Pckg Should Provide Significant Relief
• This Package Will Be Credit Positive For Co's Assam Portfolio
• Impact Of The Second Wave Of COVID-19 Could Be Large
* Bengal Faced Collection Challenges Even Before The Second Wave
JEFFERIES ON BANDHAN BANK : 21.06.2021
* Maintain BUY, Target at Rs 400/share
• Assam's proposed MFI grant may clear overhang with small one-time impact
• Bandhan's valuation at 2.8x 12m forward ABV is attractive
• Assam is second largest state for Bandhan Bank
• State grant can address asset quality concern, but drag topline
* Large outgo for Assam may make other states desist in future
