Safe Harbor Statement: Statements in this news delivery might be "forward-looking proclamations". Forward-looking explanations incorporate, however are not restricted to, proclamations that express our aims, convictions, assumptions, methodologies, expectations or some other assertions identifying with our future exercises or other future occasions or conditions. These assertions depend on current assumptions, evaluations and projections about our business based, to a limited extent, on suppositions made by the executives. These assertions are not certifications of future execution and include dangers, vulnerabilities and suspicions that are hard to anticipate. Consequently, real results and results may, and are probably going to, vary substantially based on what is communicated or guage in forward-looking explanations because of various components. Any forward-looking assertions talk just as of the date of this news delivery and iQSTEL Inc. embraces no commitment to refres
AIA Engineering (AIAE) has reported healthy execution in Q4FY20, supporting the overall earnings and cashflows. Operations have reached ~75% of pre-Covid-19 levels and the management is confident regarding normalisation of demand. Though new client development has taken a back seat due to the travel ban, it is likely to pick up once the situation normalises.
Factoring in better-than-expected execution and relatively quicker recovery in production, we raise computer science and engineering earnings by 12.3% and 11.8%, respectively. Given the medium to long-term growth drivers and continuation of mill liner capex plans, we maintain Buy with a revised TP of Rs 1,890 (previously: Rs 1,521).
Uncertainty of global macro growth: The company is still gauging the overall impact on economies due to Covid-19 and will wait to provide any future guidance.
Has taken price cuts in line with raw material price reduction: FeCr prices have stabilised at lower levels since Mar’19. The company has adjusted its pricing to it, leading to lower gross margins. As it has hedged 60% of receipts at INR/USD of 73, currency depreciation resulted in marginal forex-related loss in Q4FY20.
Factoring in better-than-expected execution and relatively quicker recovery in production, we raise computer science and engineering earnings by 12.3% and 11.8%, respectively. Given the medium to long-term growth drivers and continuation of mill liner capex plans, we maintain Buy with a revised TP of Rs 1,890 (previously: Rs 1,521).
Uncertainty of global macro growth: The company is still gauging the overall impact on economies due to Covid-19 and will wait to provide any future guidance.
Has taken price cuts in line with raw material price reduction: FeCr prices have stabilised at lower levels since Mar’19. The company has adjusted its pricing to it, leading to lower gross margins. As it has hedged 60% of receipts at INR/USD of 73, currency depreciation resulted in marginal forex-related loss in Q4FY20.
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