LIC Housing Finance Ltd. (LICHFL) – Q3FY15 Result Update :: HDFC Securities

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LIC Housing Finance Ltd.|Q3FY15 Result/Concall Update | Stable performance continues. revising upwards target price to Rs 551 from Rs 485 and maintain BUY. :: IndiaNivesh

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LIC Housing Finance: Strong growth, expanding margins :: Kotak Sec,report

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Strong growth, expanding margins. LICHF’s 3QFY15 operating performance was
strong with 23% yoy growth in individual loan disbursements driving 19% yoy growth
in loans. Incremental spreads expanded by 20 bps qoq as bond yields declined by 80
bps between September and December 2014. We believe LICHF is best placed to
capitalize on the strong mortgage momentum and an imminent decline in interest
rates; we expect LICHF to deliver strong earnings growth of ~20% CAGR and RoE of
20% in the medium term. Recovery in developer NPLs will reduce credit costs. We
maintain our ADD rating with a target price of `470 (`450 earlier).

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LICHSGFIN- BUY ( + ) Target Price Rs. 562 :: Kotak Sec,report

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LICHSGFIN			1-16-2015
Recommendation BUY ( + )	Target Price Rs. 562

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Operational performance sustains well… • LICHF :: ICICI Securities, report

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Embarking on an exciting journey - LICHF :: HDFC Securities

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LIC Housing Finance - Growth Resurfaces; NIMs Stable; Result Update Q3FY15 :: Edelweiss report

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L&T Finance holding (LTFH)… Reiterate BUY with target price of Rs 80… :IndiaNivesh

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Buy LIC Housing, :: Kotak Sec, report link

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LIC Housing Finance… Stable performer, reasonable valuations… upgrade to buy from hold with revised target price of Rs 485… :: IndiaNivesh

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Sell LIC Housing Finance - technicals ::HDFC Securities

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LIC Housing Finance: Invest :: Business Line

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HDFC/LICHF: Borrowing cost declines sharply :: Kotak Sec, links

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Borrowing cost declines sharply. Bond borrowing rates for high-rated housing finance
companies and NBFCs have declined by about 60 bps in the past two months. Incremental spreads
in the housing loan segment have expanded sharply as lending rates are stable. This decline puts
housing finance companies in a strong footing even as we expect home loan rates to moderate.
We raise estimates, increase TPs for HDFC to `1,210 (from `1,100) and LICHF to `450 (from
`375). Post the sharp rally, we downgrade LICHF to ADD from BUY. Retain ADD on HDFC.

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Improving margin, growth trajectory positive… • LICHF :: ICICI Securities, PDF link

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LIC Housing Finance - Growth back to fore; asset quality improves :: Edelweiss, PDF link

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LIC Housing Finance Ltd.|Q2FY15 Result/Concall Update | Inline with expectation, asset quality improved… maintain buy with target price of Rs 380 :: IndiaNivesh

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LIC Housing Finance Ltd.|Q2FY15 First Cut Analysis:: IndiaNivesh

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LIC Housing Finance: BUY :: Business Line

HSBC Research, Looking at mid-cap themes for 2014

 Mid-caps have underperformed largecaps in the last 6 years. With no easing
in sight we remain selective on them
 Three themes to play in 2014:
insulation from leverage-related stress;
rising utilisation; and strong earnings
momentum with reasonable valuations
 Analysts’ preferred plays: PTCIN, IPCA,
TRP, PEPL, BHFC, LICHF and ILFT

Technicals - Adani Enterprises, LIC Housing, Andhra Bank, NMDC, Jaiprakash Associates, Gruh Finance :: Business Line