报告名称：Eros International(EROS IN))Reputation dented Potential intact
报告类型：海外市场
报告日期：2015-11-24
研究机构：金英证券
页数：14
简介：Maintain BUY, but lower TP by 44% to INR400. Our new TP is based on a PER of 9x FY17F (5-yr avg.) vs. 16x earlier.
1HFY16 EPS of INR16.7 is 48% of our FY16F EPS of INR34.5. 1H EPS rose 51% YoY on strong box-office performance of three Hindi and one Tamil blockbuster movies.
We disagree with allegations of accounting manipulation by anonymous posts on social media against Eros Plc and Eros India (See p. 2). We believe the companyˇs business position and fundamentals are strong, but the near term overhang may remain until parent EROS Plc generates FCF, buys back shares or monetizes part of EROS NOW.

下载地址：Eros International(EROS IN))Reputation dented Potential intact