Repco continues to deliver outstandingly – 31% loan growth in first half is really good. Management continues to guide 25%-30% target growth which may be easily achievable in coming years also considering the Housing for all by 2022 scheme should gather momentum in coming years. From management talks there continues to be no concerns about Asset quality and they say this is annual seasonal effect and they are confident of recovering all the loans marked as NPAs (after 90 day period). Their LTV is around 50% which provides lot of comfort. So, all seems good and good ( HIGH multiple years growth with High Level of Certainty with high NIMs and also negligible amount of loans going bad)….
Any opinions what could go wrong her?
| Subscribe To Our Free Newsletter |
