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SAY.N

ISIN: US8040981016
SEDOL: 2756743

Rating:

HOLD

Target Price:

11.28 USD

Investment Horizon:

6 to 12 months
9th Jun 2009 View Report   Download

3Q 09 News Alert

We downgraded the Satyam Computer Services Ltd (Satyam) common stock to a SELL on 07 January 2009 following the announcement that the company's financial statements for the past several years were fraudulent. We rated the Satyam common stock a HOLD on 14 April 2009 following the announcement of Tech Mahindra Limited's (Tech Mahindra) intent to purchase a controlling stake in the company after the latter emerged as the highest bidder....

14th Apr 2009 View Report   Download

Company News Alert

We had downgraded the Satyam common stock to a SELL on 07 January 2009 following an announcement that the company’s financial statements for the past several years were fraudulent. On 13 April 2009, Satyam Computer Services Ltd (Satyam) announced that Tech Mahindra would purchase a controlling stake in the company after the latter emerged as the highest bidder. Although this brings in a credible Management, capital infusion…

7th Jan 2009 View Report   Download

Company News Alert

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Satyam Computer Services Ltd.’s (Satyam) today announced that the company’s financial statements for the past several years were fraudulent, with inflated cash and bank balances and overstated revenues and operating margins Following the announcement, Satyam’s common stock plunged 77.1% in today’s trading session. In light of this fraud we are downgrading the Satyam common stock from a…

29th Dec 2008 View Report   Download

Company News Alert

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Satyam Computer Services Ltd.’s (Satyam) common stock has declined significantly since our 2Q 09 update report, reflecting concern that Satyam violated corporate governance norms and reaction to the World Bank banning the company for a period of 8 years. However, going forward, based on fundamentals outlined in our previous update report, we maintain our BUY rating for the common stock at current levels. Although we anticipate a…

18th Dec 2008 View Report   Download

Company News Alert

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Satyam Computer Services Ltd.’s (Satyam) common stock price declined significantly on 17 December, as a result of proposed bids for a construction company and property firm, in which promoters of Satyam, led by the chairman, hold stakes, fueling concerns that Management has violated corporate governance norms. An adverse investor reaction resulted in Management callingoff the acquisition. However, going forward…