SOBHA
15.02.2022 - MS on Sobha Maintain Overweight CMP 841 Target 1095
MACQUARIE ON SOBHA : 24.06.2021
* Macquarie downgrades Sobha to NEUTRAL, target raised to Rs 480/sh
* Highest-ever Pre-sales & Robust Collections Led To Further Deleveraging
* Management Targets A Net Debt/Equity Of 1.1x By Mid FY23
* Improved Realisation, Lower Land Payments Are Positives
* DOWNGRADE NEUTRAL TARGET: 480
JEFFERIES ON SOBHA : 24.06.2021
* MAINTAIN BUY TARGET: 592
* Jefferies maintains BUY call on Sobha, target at Rs 592/sh
* Q4 Operationally Strong; Pre sales At A Record
* Cash Collections & Disciplined Spending, Drove A 4% Debt Reduction
* Contract Business Recovery Delays Drive Earnings Cuts
* Debt Reduction & Sales Uptick Remain Key For Re-rating
CLSA ON SOBHA : 24.06.2021
* CLSA maintains OUTPERFORM call on Sobha, target cut to Rs 550 from Rs 565/sh
* MAINTAIN OUTPERFORM TARGET: 550 (PREV TGT: 565)
* Near-term Outlook Cautious Due To The Lockdown
* Cut Our Presale Estimates For FY22-23; Reduces EPS Ests
* Continue To Like Co Which Is The No.1 Brand In Bengaluru
