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CLSA

CLSA

CLSA is a wholly-owned subsidiary of CITIC Securities. CLSA was founded in 1986 by Jim Walker and Gary Coull, two former journalists.

China-focused, global investment bank, CITIC Securities acquired CLSA in July 2013. CLSA is a wholly-owned subsidiary of CITIC Securities, a Chinese securities firm and largest underwriter of Chinese debt and equity.

CITIC Securities was established in October 1995 and headquartered in Shenzhen. The Company offers a range of financial services and products including securities brokerage, investment banking and asset management, to a client base encompassing corporations, financial institutions, governments and individuals.

According to the companies website, CLSA produces approximately 35,000 research reports per year consisting of market, economic, and thematic research reports. The company also claims to have raised $216 billion from more than 330 equity capital market transactions across Asia from 2006 to 2016.

CITIC Securities was No.1 Securities Company in China in terms of Revenue and Net Profit in 2017 according to its 2017 full year financial results announced in March 2018. In 2016 Global Capital magazine voted CLSA the number 1 most independent broker in Asia for the past 25 years

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September 10, 2021
The Economic Times
Reports suggest five banks including HDFC Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank and DBS Bank have been shortlisted.
September 8, 2021
The Economic Times
In a report analyzing the prospects of the potential buyers that have emerged for Citibanks retail credit operations in India, CLSA suggested that Kotak Mahindra Bank may stand to gain the most and may have the best chance.
September 7, 2021
The Economic Times
Analysts said the realtor has been focusing on an asset-light strategy (joint development or JDA model) ever since it acquired SunteckWorld projects at Naigaon in September 2018. The Vasind project, called Sunteck Forest World, is second such aspirational segment project where Sunteck will have 80 per cent revenue share.
September 1, 2021
The Economic Times
Restricting the recent spike in Covid-19 cases in Kerala and avoiding a major national third wave will be key for the Indian market to maintain its record valuation premium to Asian and emerging market peers, said Hong Kong-based CLSA.
Equitymaster
August 11, 2021
mint
Shree Cement lags peers in volume growth
Saloni Goel
August 5, 2021
@bsindia
In its latest report, CLSA retained a SELL rating on Nazara Technologies, Indias first listed gaming company, on revenue miss in June quarter and pricey valuations
July 8, 2021
The Economic Times
JP Morgan said it continues to see the steelmaker as rerating candidate. The company is using the cash flows from the current supercycle to repair the balance sheet, it said. It expects a continued earnings upgrade cycle for the company.
July 2, 2021
The Economic Times
CLSA said said Hindustan Unilever has used the pandemic and inflationary setting to its advantage.
Deepak Korgaonkar
June 18, 2021
@bsindia
CLSA initiated coverage on Nazara Tech with a Sell rating and target price of Rs 1,095, citing hefty premium valuation
June 15, 2021
The Economic Times
This list included Bharti Airtel, Tata Motors, InterGlobe Aviation and BHEL, among others.
June 14, 2021
The Economic Times
Edelweiss has a price target of Rs 29 on the stock. Kotak Institutional Equities finds it worthy of Rs 34. CLSA and Motilal Oswal Securities pegged the stock value at Rs 40 each.
June 8, 2021
The Economic Times
The Big Bull has mildly lowered his holding in Titan, but maintained it in the remaining two over the past couple of quarters.
June 4, 2021
The Economic Times
CLSA said RIL's annual report does not mention Saudi Aramco deal, which means that the deal is not imminent and this may limit near-term upside for the valuation of its oil-to-chemicals business.
May 31, 2021
The Economic Times
CLSA said the corporate credit cycle is turning, and there is adequate capitalisation in BoB following the recent capital raise (CET-1 at 11 per cent). Besides, the bank showed strong retail asset quality in a pandemic year, it said.
Samie Modak
May 27, 2021
@bsindia
The Nifty Financial Services index is up 8.1 per cent on a year-to-date basis. In comparison, the Nifty50 index has gained 9.7 per cent
Puneet Wadhwa
May 14, 2021
@bsindia
If India is unable to slow the number of infections, additional lockdown measures might be required, which analysts at Rabobank International say would negatively impact the supply side of the economy
Harsha Jethmalani
May 6, 2021
mint
Analysts at foreign research house CLSA have said they remain cautious on the margin outlook for Godrej Properties and believe pre-sales growth may not translate into commensurate profit growth
May 5, 2021
Moneycontrol
Here is what brokerages have to say about the stock and company after the March earnings:
March 25, 2021
The Economic Times
The sharp increase in the number of active Covid-19 cases over the past few weeks and continued high inflation may undermine the key drivers of the equity market, Kotak Institutional Equities said.
Puneet Wadhwa
March 17, 2021
@bsindia
Reliance Industries stock: Among 36 analysts recommendations on Bloomberg, 24 recommend buying the stock
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