报告名称:Dr.Reddy’s Lab.(DRRD.IN)Hold:SGA control supports margin in 4QFY16
报告类型:海外市场
报告日期:2016-05-13
研究机构:汇丰银行
页数:12
简介:Marginal miss in 4QFY16 PAT, adjusting for one-offs; better op margins on controlled costs despite lower gross margins
As per DRRD, remediation process nearing completion for the affected facilities; foresees a better year for new US approvals
Maintain Hold as US likely to see pressure in next two quarters; lower TP to INR3,137 (from INR3,346)
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