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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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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
March 2, 2021
The Economic Times
Foreign brokerage CLSA said the stake value was 16 per cent lesser than what it had assigned and could impact the fair value of the stock by Rs 9 or 2 per cent.
Nikita Vashisht
February 5, 2021
@bsindia
CLSA has raised its target price on SBIs stock by an impressive 45.45 per cent to Rs 560 from Rs 385. This also reflects a 58 per cent upside from the stocks market price as on Thursday
Nikita Vashisht
January 8, 2021
@bsindia
Analysts at BofA Securities have upgraded Axis Bank, IndusInd Bank, and State Bank of India (SBI) on a surprisingly resilient asset quality outlook, and reasonable valuations
Nikita Vashisht
January 6, 2021
@bsindia
In a report dated January 5, CLSA said the bank is re-aligning its product portfolio and is now focusing on key retail-asset niches
December 18, 2020
The Economic Times
Balanco said this long-term structure provides us with a multi-year upside target of 18,800 for the unfolding advance off the March lows.
GigaSpaces
December 9, 2020
www.prnewswire.com:443
/PRNewswire/ -- GigaSpaces, the leading provider of in-memory computing platforms that drive digital transformation, announced that CLSA, Asia's leading...
Nikita Vashisht
December 3, 2020
@bsindia
The recent upward revision in target price by CLSA factors in two key developments for SBI - potential upside in earnings and limited downside risks to capital adequacy
Nikita Vashisht
November 25, 2020
@bsindia
With Rs 8-trillion milestone, HDFC Bank now stands at third position in the overall market-cap ranking of listed companies
November 24, 2020
The Economic Times
HDFC Bank has climbed 96 per cent to its 52-week high of Rs 1,445 on November 24 against its 52-week low of Rs 738.90, hit on March 24.
November 23, 2020
The Economic Times
"Given the limited overlap in the operations of Bharti Infratel and Indus Towers, synergies from the merger are likely to be limited to savings on administrative overheads," Jeffries said in a report.
Puneet Wadhwa
November 18, 2020
@bsindia
India has the weakest growth in fiscal 2020 of countries that we forecast at 15 per cent, but the strongest fiscal 2021 forecast at +14.5 per cent, CLSA said
Nikita Vashisht
August 21, 2020
@bsindia
In a report dated August 20, CLSA upped the target price on the stock to Rs 310, translating into 59.2 per cent upside from Thursdays closing price on the BSE
Swati Verma
July 28, 2020
@bsindia
Edelweiss Securities notes that the stocks primary triggers - deleveraging, asset monetisation and digital momentum - have already played out.
Nikita Vashisht
June 16, 2020
@bsindia
According to Morgan Stanley, multiple triggers - asset sales, pickup in energy cash flows, increased traction in omni-channel retail and rise in telecom ARPU- could further drive the stock
Samie Modak
June 4, 2020
@bsindia
Vodafone Ideas ARPU at Rs 109 is nearly 20 per cent lower than Bharti Airtel. CLSA expects the companys ARPU to grow by 30 per cent by FY22, underpinned by tariff hikes
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