HDFCBANK(HDFC Bank Limited)
09.02.2022 - Macquarie on Hdfcbank Maintain Outperform CMP 1498.40 Target 2005
17.01.2022 - Nomura On Hdfcbank Maintain Buy CMP 1545 Target 1955
17.01.2022 - JPMORGAN On Hdfcbank Maintain Overweight CMP 1545 Target 2100
17.01.2022 - CLSA On Hdfcbank Maintain Buy CMP 1545 Target 2025
17.01.2022 - Macquarie On Hdfcbank Maintain Outerperform CMP 1545 Target 2005
17.01.2022 - Cs On Hdfcbank Maintain Outerperform CMP 1545 Target 1950
06.01.2022 - Jefferies On HDFCBANK Maintain Outperform Target 2070
05.01.2022 - MS on HDFCBANK Maintain Overweight Target 2050
05.01.2022 - MS on HDFCBANK Maintain Overweight CMP 1526 Target 2050
20.12.2021 - Antique on HDFCBANK - Maintain Buy - Target Rs.1900
RBI Lifts Digital Ban, But Only Partially
It's Partial Positive As Credit Cards Is One Of
The Most Profitable Piece Of Bank's Biz RBI's Reluctance To Give A Complete Waiver
For All Digital Initiatives, Is A Negative Addl Nod May Be Milestones Linked & Will Delay Full Normalcy In New Digital Initiatives
Co Will Need To Raise Technology Spends Materially
CLSA ON HDFC BANK : 19.07.2021
* Maintain BUY, Target at Rs 1,850/share
* Manageable asset quality but weak NII trends
• NPA spike manageable and commentary strong
• Near-term growth and NIM balance key to watch
MOTILAL OSWAL ON HDFC BANK : 19.07.2021
• Maintain BUY, Target at Rs 1,800/share
* Earnings/PPOP in line; margin remains under pressure
• HDFCB continues to deliver better growth in advances
• Asset quality deteriorated marginally due to disruptions
* Project 18% PAT CAGR over FY21-23E
MS ON HDFC BANK : 19.07.2021
* Morgan Stanley is OVERWEIGHT on HDFC Bank, target at Rs 2,000/sh
* Q1FY22 EPS Was 1% Below Our Estimate
* NIM Missed Our Estimate But Was Offset By Higher Fees
* Bad Loan Formation Was Elevated Given Second COVID Wave
* Provisions Broadly In-line Adjusted For Contingency Provisions
* Reduce EPS Estimates By 2%
* MAINTAIN OVERWEIGHT TARGET: 2,000
GS ON HDFC BANK : 19.07.2021
* Goldman Sachs maintains BUY call on HDFC Bank, target at Rs 1,803/sh
* Better-than-expected Operating Performance With Core PPOP 5% Ahead
* Higher-than-expected Provisions Led To A PAT Miss
* MAINTAIN BUY TARGET: 1,803
JPMORGAN ON HDFC BANK : 19.07.2021
• Maintain Overweight, Target at Rs 1800/share
• Asset quality bump on safety first approach
• Normalization seen in June
* Slippages rise on account of impact to collections
* HDB asset quality shows higher stress
CLSA ON HDFC BANK : 19.07.2021
* CLSA maintains BUY call on HDFC Bank, target at Rs 1,850/sh
* Manageable Asset Quality But Weak NII Trends
* NII Growth Of <10% YOY Was Weak & Reflects A Big Loan Mix Shift
* Commentary On Retail & SME Asset Quality Is Comforting
* Loan & NII Growth Trends Will Be Key To Watch
* No Update On Credit Card Ban Which Will Remain A Near-term Overhang
* MAINTAIN BUY TARGET: 1,850
CLSA ON HDFC BANK : 13.07.2021
* MAINTAIN BUY TARGET: 1,825
* CLSA shares its view on HDFC Bank after the bank released its first annual report after Aditya Puri's exit. Here's what the brokerage has to say
* 1st Annual Rpt Post-CEO Change Starts With Acknowledgment Of Past Issues
* Customer Addition Pace Strong With Leadership In Payment/Retail Biz
* Increasing Focus On Alternative Distribution/Servicing Channels
* Senior Staff Exits Moderate & Tick Up In ESOP Programme
* HDF Financials Have Had Tough Two Years Due To COVID-19
CLSA ON HDFC BANK : 06.07.2021
* Maintain BUY, Target at Rs 1,825/share
• Loan growth of 1.3% QoQ and 14.4% YoY
* Lifting of card ban will be a near-term catalyst
* Lifting the lockdowns retail growth should pick up going forward
MS ON HDFC BANK : 06.07.2021
* MAINTAIN OVERWEIGHT TARGET: 2,000
* Morgan Stanley maintains OVERWEIGHT call on HDFC Bank, target at Rs 2,000/sh
• Initial Update Points To Strong Growth In Loans & Retail Deposits
• Q1 Updates Imply Continued Market Share Gains
JPMORGAN ON HDFC BANK : 29.06.2021
* Maintain Overweight, Target at Rs 1,800/share
• Tech transformation getting serious
* HDFC Bank's FY21 annual report emphasizes a focus on technology
* Architecture to take care of the next leg of growth
* "Project Future Ready" has outlined a number of initiatives across the bank
* Tech audit report is now with RBI and a lifting of ban on new customer sourcing
CREDIT SUISSE ON HDFC BANK : 16.06.2021
• Maintain Outperform, Target at Rs 1,700/share
• Tech upheaval planned to boost market share
• Bank is now upgrading its enterprise infrastructure
• This will help scalability which had led to recent technology challenges
JEFFERIES ON HDFC BANK : 11.06.2021
* MAINTAIN BUY TARGET: 1,860
* Jefferies maintains Buy call on HDFC Bank with an expectation of 19% profit CAGR over FY21-24. Banks expects SME loans to be fastest-growing segment over next 3-5 yrs for which, it has provided talent & branch/digital platforms
* Business is Picking Up With Outbound Activity On Sales & Recoveries
* Co Expects SME Loans To Be Fastest growing Segment Over Next 3-5 Yrs
* Co Has Provided Talent & Branch/Digital Platforms For This
* Clarity On Tech Issues Is Awaited
* Bank To Build Partnership With Fintechs
* We See 19% CAGR In Profit Over FY21-24
