Petronet LNG Rating
CS ON PETRONET LNG : 10.09.2021
* CS has an Outperform rating on Petronet LNG, cuts FY22 EPS by 6% to account for lower volumes in H1FY22
* MAINTAIN OUTPERFORM TARGET: 270
* Phase Of High Capex To Start, But Stock Attractive At 9x FY23e EPS
* Dahej Utilisation Will Be Lower In Q1FY22
* Improvement In Utilisation At Dahej & Kochi Are Catalysts
* Cut FY22 EPS By 6% To Account For Lower Volumes In HIFY22
CLSA ON PETRONET LNG : 10.09.2021
* MAINTAIN BUY TARGET: 270
* CLSA maintains Buy rating on the stock as the stock is close to its bear case valuation
* Volume Headwinds In H1 See Us Lower Our FY22 EPS By 9%
* Maintain Buy As Co Is Close To Our Bear Case Valuation
* It Remains Among The Most Attractive Value Stocks In India
CITI ON PETRONET LNG : 10.06.2021
* DOWNGRADE NEUTRAL TARGET: 260
* Citi downgrades Petronet LNG to Neutral and cuts target to Rs 260 from Rs 325/Sh
* Headwinds To Near-term LNG Demand
* Aggressive Capex Plans Are Also seen As Headwinds
* Lower FY22-23 Earnings By 7-9%
* FY21 Dividend Payout Lower At 58% Vs 70% Over FY19-20
CLSA ON PETRONET LNG : 10.06.2021
* Maintain BUY, Target at Rs 270/share
* Long-term capex plans outlined
• Lower our FY22 EPS 9% but we maintain our BUY rating
• PLNG is close to our bear case valuation
* Remains among the most attractive value stocks in India
JEFFERIES ON PETRONET LNG : 09.06.2021
* MAINTAIN BUY TARGET: 320
* Jefferies maintains Buy rating on Petronet LNG but reduces the target to Rs 320/sh
* Cut Earnings Estimates By 6-6.5% For FY22-23
• Reported Flat Volume YoY Against Our Estimate Of 3% Growth
* It Has Gained 700bps Market Share YoY
* EBITDA Missed Estimate On Lower Volume & Negative Operating Leverage
