Page 4 - Jefferies
Kamath committee: Analysts applaud criteria, but fear not all may benefit
Analysts remain skeptical of the timeline to implement the restructuring guidelines and the number of companies that may meet the eligibility criteria
 "Kamath committee: Analysts applaud criteria, but fear not all may benefit")
Brokerages turn bullish on SBI on attractive valuation; see 20-44% upside
From its recent low of Rs 150.85 apiece (closing basis) touched on May 22, 2020, the stock has rallied 39 per cent on the BSE, data show
 "Brokerages turn bullish on SBI on attractive valuation; see 20-44% upside")
Jefferies Financial reduces overweight stance on India and Indonesia
Interestingly, Jefferies now has a bigger OW on Pakistan. However, India's absolute weighting is still much higher. China currently is the biggest OW for Jefferies, followed by Taiwan
 "Jefferies Financial reduces overweight stance on India and Indonesia")
Morgan Stanley, Jefferies turn cautious on EMs amid coronavirus fears
Chris Wood believes the best way of hedging long equity exposure is to remain long Eurodollar futures which are now discounting one 25 basis point (bps cut) this year
 "Morgan Stanley, Jefferies turn cautious on EMs amid coronavirus fears")
India's insurance is one of Asia's better long-term stories: Chris Wood
In September 2019, he had bought SBI Life Insurance and HDFC Life Insurance, which now account for 5 per cent and 4 per cent weight in the above-mentioned portfolio
 "India's insurance is one of Asia's better long-term stories: Chris Wood")
Who is Erwin Braich? Canadian who committed to Yes Bank's $2 bn pledge
The board will meet again on Dec. 10 to approve a preferential allotment of shares to investors, none of which will receive more than a 25% stake in the bank.
 "Who is Erwin Braich? Canadian who committed to Yes Bank's $2 bn pledge")
EM equities to outperform global peers in the next decade: Morgan Stanley
Analysts at Jefferies, however, have a contrasting view and suggest EM debt to be a better bet than equities as things stand
 "EM equities to outperform global peers in the next decade: Morgan Stanley")
Second wave of NPAs? SBI, BoB, YES Bank could be hit, says Jefferies
YES Bank, Bank of Baroda, SBI, IndusInd Bank, and RBL Bank are amongst the banks most prune to "high risk" emanating from Anil Dhirubhai Ambani Group (ADAG), Cox & Kings, CG Power, and DHFL
 "Second wave of NPAs? SBI, BoB, YES Bank could be hit, says Jefferies")
Chris Wood rejigs Indian stock exposure; SBI Life replaces Arvind Fashions
Christopher Wood, global head of equity strategy at Jefferies cautions that the 'consumer financing boom' in India has peaked
Grade reset to dent Coal India's FSA realisation: Jefferies
According to the note, part of the impact has already been reflected in earnings of 2016-17
 "Grade reset to dent Coal India's FSA realisation: Jefferies")
