HALISTER: Santander 3Q Net Beats Estimate; CET1 Fully Loaded 10.47%

Santander 3Q Net Beats Estimate; CET1 Fully Loaded 10.47%

(Bloomberg) -- Santander 3Q net EU1.695b vs est. EU1.54b.
  • Santander 9m net EU4.6b; est. EU4.45b
  • Santander 3Q NII EU7.8b
  • Santander bad loans ratio 4.15% vs 4.29% in June
  • CET1 Fully Loaded 10.47% vs 10.36% in June
  • Santander comments in regulatory filing
  • PREVIEW here
  • Conf. call at 10am CET
    • Webcast link
  • Related
    • Banco Santander is trading on 10.3x next year’s earnings vs 10.7x for the Stoxx 600 Banks index according to Bloomberg data
    • Of 36 analyst ratings, 14 are buy, 17 hold, 5 sell, with an average PT of EU4.3 implying ~-3% downside
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
SAN SM (Banco Santander SA)

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UUID: 7947283

HALISTER1: INDIA RATINGS: Bliss GVS, Jeans Knit Cut; Schwing Stetter Raised

INDIA RATINGS: Bliss GVS, Jeans Knit Cut; Schwing Stetter Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
DOWNGRADES
  • Bliss GVS Pharma
    • Term loans cut to BB+ from BBB at ICRA
    • Cites stretched working capital intensity of operations
  • BMM Ispat
    • Long-term bank facilities cut to B+ from BBB- at Care
    • Cites sharp deterioration in financial-risk profile
  • Jeans Knit
    • LT bank facilities cut to A- from A at Crisil
    • Cites weaker-than-expected operating performance
  • Sanwaria Agro
    • LT bank facilities cut to BB+ from BBB at Care
    • Cites tight liquidity arising from cash losses
UPGRADES
  • Schwing Stetter
    • LT bank facilities raised to A- from BBB+ at Crisil
    • Cites strong order book following recovery in construction and infrastructure sectors
  • Shree Pushkar Chemicals
    • LT fund-based limits raised to A from A- at ICRA
    • Cites improvement in company’s financial risk profile
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BLIS IN (Bliss Gvs Pharma Ltd)
8118106Z IN (BMM Ispat Ltd)
2747102Z IN (Fibre & Fabrics International Pvt Ltd)
SAO IN (Sanwaria Agro Oils Ltd)
1003981Z GR (Schwing GmbH)

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UUID: 7947283

HALISTER1: USD/THB May Drop to 50-DMA If Thai Exports Surprise: Analysis

USD/THB May Drop to 50-DMA If Thai Exports Surprise: Analysis

(Bloomberg) -- A second consecutive month of positive growth in Thai exports could be catalyst for USD/THB to drop to 34.828 near term, Bloomberg strategist Andrew Robinson writes.
  • Exports rose in September for first time in five months, and though median est. is for a y/y decline in October, the top two forecasters ranked by Bloomberg expect a positive number
  • Median est. in Bloomberg survey sees exports falling 1.3% y/y
    • Ests. range from -5.0% to +7.5%
    • Exports rose 6.5% in August
    • Data due 3:30pm local time today
  • USD/THB steady at 34.963; MACD is below signal line, falling toward zero
  • NOTE: Andrew Robinson is an FX strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: USD/SGD May Test 21-DMA If Output Expansion Continues: Analysis

USD/SGD May Test 21-DMA If Output Expansion Continues: Analysis

(Bloomberg) -- A second straight month of positive growth in Singapore’s industrial production could trigger a USD/SGD slide to 1.3794, Bloomberg strategist Andrew Robinson writes.
  • Sept. factory output probably increased 1.0% y/y, up from 0.1% expansion in Aug., median est. in Bloomberg survey shows
    • Ests. range from -0.5% y/y to +3.7%; data due 1pm local time
  • USD/SGD steady at 1.3896; hasn’t traded below 21-DMA since Sept. 27
    • Slow stochastics are bearish with %K line below %D line at 75, poised to cross below overbought threshold
  • NOTE: Andrew Robinson is an FX strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283