Petronet LNG Q3 Review - Another Strong Performance: Prabhudas Lilladher
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
We increase our FY21E estimates of Petronet LNG Ltd. by 7% to factor in strong nine months performance and FY22/23E by 3.5/3.4% as we increase spot margins.
We believe the company -
- is a play on India’s rising liquefied natural gas imports supported by benign spot LNG prices
- possess solid business model given high earnings visibility
- has limited competition to the company’s well-entrenched reach in the LNG business.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.