Discover and read the best of Twitter Threads about #SBICards
Most recents (7)
The Nifty Financial Services Index, also known as the #FinNifty, is an index that tracks the performance of the financial services sector in India. @bbrijesh explains about the index in detail. 
#FinNifty is an index that tracks the performance of the financial services sector in India, which includes #banks, #insurance companies, #housingfinance, and Non-Banking Financial Companies (NBFCs). #FinancialServicesSector #India
The financial services sector in India is one of the largest and most diverse in the world, and FinNifty provides a way to track the performance of this sector. #FinancialServicesSector #GrowthPotential
#RBI policy on Recovery of Penal Charges on Loans…. #SBICards #ManappuramGold #MuthootGold #BajajFinance #NBFCs etc
Could be Negative for Credit card Cos, gold loan companies & Likes kd BajajFinance which charge high penal interest….
Could be Negative for Credit card Cos, gold loan companies & Likes kd BajajFinance which charge high penal interest….
#Muthoot charges penal interest of upto 2% on schemes. Recall that their ROA is 6-7% so this Penal Interest is meaningful
#manappuramGold penal Interest Rates
Robust fundamentals, strong business performance
PAT 386 Cr. A 84% Yor
New accounts 1million up 10% YOY
Net spends 55k cr up 47% YOY
Total revenue at 3140 cr up 24% YOY
ROAA at 5.0% up 179 bp YOY .
PAT 386 Cr. A 84% Yor
New accounts 1million up 10% YOY
Net spends 55k cr up 47% YOY
Total revenue at 3140 cr up 24% YOY
ROAA at 5.0% up 179 bp YOY .
1 new chart everyday, it could be from any space ~ equities / commodities / crypto / forex / bonds , etc
Will try to do it daily 🙏💪
Here's the first one 👇
SBI vs BankNifty
Ratio chart has given monthly breakout implying SBI could outperform BN in coming months.
#PB365
Will try to do it daily 🙏💪
Here's the first one 👇
SBI vs BankNifty
Ratio chart has given monthly breakout implying SBI could outperform BN in coming months.
#PB365
#Whattay Series. In this #tweet thread will keep adding a lot of #stock price moves, #valuations where you end up saying #WHAT. No Reco just ?? Do comment 1) #Relaxo Footwear - just 10% away from highs. Market Cap = 18319 cr Sales 2500 cr #Bata -18419 cr Sales = 3056 cr !! PE ?
No Effect of #Corona on this #RealEstate Company. A 30% rally from the lows in May June.Low delivery volumes and almost same volumes and a weird chart.. Anyways its an avoid so not naming it.
Another craziness in gone stocks - #Educomp , #OptoCircuits are up 5x from the lows of March. Another stock which has zero effect of #covid19 and does low delivery volumes.
SBI Cards IPO: long thread on valuation disasters in Indian markets & how these rip off the retail investors: Basic stats first:
13 crore shares offered out of total of 93 crore stocks. 14% float at Rs 750 per share is valuation of Rs 70 thousand crore to SBI Cards. #sbicards
13 crore shares offered out of total of 93 crore stocks. 14% float at Rs 750 per share is valuation of Rs 70 thousand crore to SBI Cards. #sbicards
This US $ 10 Billion market cap. They say this is the only card company getting listed so a great opportunity. We’ll see some numbers & benchmarks internationally. At FY'19 profits of Rs 862 crore & EPS =Rs 9.43, we get a Price Earning ratio of 80 !!
I know many will justify citing the growth prospects. I have a few questions to explore.Firstly, what is the highest PE of any mature financial company in India? Look at HDFC bank, Kotak, etc & we see much modest PEs of 25 to 35 for HDFC Bank & Kotak. And they are richly valued.
Some interesting data on Credit Cards market in India
1. Top 6 banks command 80% market share of cards in force.
2. HDFC Bank has 1.37 Cr cards in force followed by SBI at 98 lac credit cards.
3. HDFC Bank commands a market share of 25% of total cards issued.
1. Top 6 banks command 80% market share of cards in force.
2. HDFC Bank has 1.37 Cr cards in force followed by SBI at 98 lac credit cards.
3. HDFC Bank commands a market share of 25% of total cards issued.
4. Citibank customers do an avg of 6 transactions a month.
5. American Express has highest Card Spend per Customer per month at Rs 24,284.
6. Avg transaction value per card swipe is highest for Indusind at Rs 6994.
5. American Express has highest Card Spend per Customer per month at Rs 24,284.
6. Avg transaction value per card swipe is highest for Indusind at Rs 6994.
7. By count - 29% of all POS
transactions go through HDFC
cards. Rest
18% SBI
14.7% ICICI
9.3% Citi
Axis 8.4%
8. By value - 30% of all POS transactions go through HDFC cards.
Rest.
18% SBI
11.6% ICICI
6.7% Citi
10.5% Axis
Source:RBI
Courtesy:Whatsapp Fwd.
#sbicards
transactions go through HDFC
cards. Rest
18% SBI
14.7% ICICI
9.3% Citi
Axis 8.4%
8. By value - 30% of all POS transactions go through HDFC cards.
Rest.
18% SBI
11.6% ICICI
6.7% Citi
10.5% Axis
Source:RBI
Courtesy:Whatsapp Fwd.
#sbicards
