We believe the Indian Federal election result implies an improving risk profile for CyanConnode’s operations in its key market. Incumbent Prime Minister Narendra Modi’s party, BJP, is due to retain power, which we believe improves the likelihood that energy policy will not materially change. In our view, this supports CyanConnode’s ambitions in the country. On our projections, India is expected to account for the majority of group revenue, midterm. The shares have performed
23 May 2019
Indian election implies risk reduced; Reiterate Buy
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Indian election implies risk reduced; Reiterate Buy
CyanConnode Holdings plc (CYAN:LON) | 9.0 0 0.0% | Mkt Cap: 26.9m
- Published:
23 May 2019 -
Author:
Kartik Swaminathan -
Pages:
5
We believe the Indian Federal election result implies an improving risk profile for CyanConnode’s operations in its key market. Incumbent Prime Minister Narendra Modi’s party, BJP, is due to retain power, which we believe improves the likelihood that energy policy will not materially change. In our view, this supports CyanConnode’s ambitions in the country. On our projections, India is expected to account for the majority of group revenue, midterm. The shares have performed