摩根大通 市场报告.pdfVIP

Asia Pacific Equity Research 16 December 2010 Top Stories Entertainment Network (India) Limited (OW), India Sunil Garg (852) 2800-8518 New OW, with Sep-11 PT of Rs290, implying a potential upside of 27% sunil.garg@ (Princy Singh) Send me your feedback! ENIL is the leading FM radio operator, operating 32 stations across India under the Radio Mirchi brand. We believe it is well positioned to benefit from rising share of AM perspective Adrian Mowat, Chief Equity Strategist radio advertising in the Indian ad market; we expect radio advertising share to rise to 3.8% by FY13E. We forecast an EPS CAGR of 30% over FY11E-FY13E for ENIL. FDI in non-China Asia increases $ bn China Indo Malaysia Phil Thail Banpu Public (OW), Thailand 2007 138.4 6.9 8.6 2.9 11.3 Raise Dec-11 PT to Bt906 from Bt900 2008 147.8 9.3 7.2 1.5 8.6 (Sukit Chawalitakul) 2009 78.2 4.9 1.4 1.9 6.0 J.P. Morgan’s gl