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OnMobile Global Ltd. (ONMO.BO)
Research Tactical Idea
We believe the share price will rise in absolute terms over the next 60 days.
This is because the stock has traded off recently, making short term valuation much more compelling. The stock has
reached close to its all-time low, making valuation attractive at 14x F2012E P/E. The announcement of a share buyback of
up to 4mn shares (3% of shares outstanding) at a maximum price of Rs85 per share will also be positive factor for the
stock, we believe.
We estimate that there is about an 80%+ or "highly likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Overweight
Industry View: Attractive
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
OnMobile Global Ltd. (ONMO.BO)
Research Tactical Idea
We believe the share price will rise in absolute terms over the next 60 days.
This is because the stock has traded off recently, making short term valuation much more compelling. The stock has
reached close to its all-time low, making valuation attractive at 14x F2012E P/E. The announcement of a share buyback of
up to 4mn shares (3% of shares outstanding) at a maximum price of Rs85 per share will also be positive factor for the
stock, we believe.
We estimate that there is about an 80%+ or "highly likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Overweight
Industry View: Attractive
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