Rasmeet XFV factor on ICICI Bank
X: Icici bank is India's second largest and the largest among private banks. The bank holds near market leadership in almost all its businesses including mortgages, auto loans, commercial vehicle loans, life insurance, general insurance, and asset management.
F: Banking sector has huge potential and now with Aadhar linking, processes like account opening, loan disbursement, cross selling across the range of financial products would be much quicker. It's new trigger for banking sector and there is huge population in India which is still not yet covered in banking sector. Every business they operate has huge potential and in last couple of years they have booked lot of bad assets so this year onward bottom line would grow much quicker than top line.
V: Its trading around PE of 15 and P/ABV around 2.5 which is not expensive at all if you consider the growth prospects of each of its subsidiaries. Only one good results will re-rate the stock in big way and if you consider FY20 earning expectations its trading around 11 PE which is very cheap
X: Icici bank is India's second largest and the largest among private banks. The bank holds near market leadership in almost all its businesses including mortgages, auto loans, commercial vehicle loans, life insurance, general insurance, and asset management.
F: Banking sector has huge potential and now with Aadhar linking, processes like account opening, loan disbursement, cross selling across the range of financial products would be much quicker. It's new trigger for banking sector and there is huge population in India which is still not yet covered in banking sector. Every business they operate has huge potential and in last couple of years they have booked lot of bad assets so this year onward bottom line would grow much quicker than top line.
V: Its trading around PE of 15 and P/ABV around 2.5 which is not expensive at all if you consider the growth prospects of each of its subsidiaries. Only one good results will re-rate the stock in big way and if you consider FY20 earning expectations its trading around 11 PE which is very cheap
Rasmeet
Trader: Investor: IFA: CFGP
www.greenhedgecapital.blogspot.in
