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Indigo Share Price Tanks, Xiaomi IPO et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
May 3, 2018 12:37 PM 1 min read
Editorial

End of Day Wrap-up (Thursday / May 03, 2018) #Indigo #RBI #NBFC #GDP #ElonMusk #Tesla #China #Xiaomi #smartphone #Spotify #Transfin

Editor's comment: IndiGo share price tank 11% after company reports 75% drop in Q4 earnings. Depressed yields and competitive pressures cited as drivers, in addition to higher fuel costs.  

 

RBI researchers assert India's multiple GDP revisions are "confusing", raising questions on credibility of government data.

 

40% of corporate lending in India in FY18 went to NBFCs. Corporate lending overall up 6% yoy. 

 

Chinese smartphone maker Xiaomi to IPO in Hong Kong, potentially raising $10bn. Raise to be largest since Alibaba's $25bn raise on New York Stock Exchange in 2014.  

 

Elon Musk cuts off Analysts questions on profit potential of Tesla. Share price down 5%. Musk says production target of 5,000 Model 3s per day by end of June should be achieved.  

 

Spotify share price down 8% after reporting its first quarterly earnings, slightly lower than estimates. Net loss of $(169)m, marginally lower $(173)m yoy.