Hindustan Aeronautics - Export Orders Can Lead To Further Rerating: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.We see the possibility of ~$5 billion plus export order for Hindustan Aeronautics Ltd. across defence aircraft contracts for Egyptian, Malaysian and Nigerian air force. Finalisation of the order can lead to further rerating in HAL, in our view. Pickup in domestic ordering has allowed economies of scale, allowing for better price offering globally. Significant scale up of repair and overhauling services and maintenance, repair and operation revenues and experience with Russian platforms allow HAL a potential customer set in Indian ocean region, Middle East and North Africa and Latin-America. A mature portfolio of products in fixed wing and rotary wings allow relevance even in the face of intense global competition (e.g. Turkish Aerospace Industries of Turkey turning out to be a broad-based competitor to HAL). .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Hindustan Aeronautics - Export Orders Can Lead To Further Rerating: ICICI Securities

Hindustan Aeronautics - Export Orders Can Lead To Further Rerating: ICICI Securities

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