Hi all,
Bit curious to see that this thread is predominantly on taxation aspect and very limited discourse on the strategic perspective for a company like Embassy.
A few mid term points for consideration-
A. Nothing in known horizon points to decline in rental rates or occupancy
B. Indian IT growth story is intact and so is GCC growth story
C. Embassy has among the best execution track record – from the EGL golf link days
D. Their hotel business is accretive compared to others – proximity to offices ensure higher occupancy and yield
E. Interest rates direction will be favourable going forward
In fact, one can say that Embasy model is being taken up by others .
So, why would one not buy into this company if one has a 3-5 year horizon . Even if the stock price appreciates only 20-30% , coupled with dividend yield , this could be a 50%+ value with very strong downside protections …Am I missing something ?
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