powerpoint presentation · 2020-06-18 · the earnings yield (which is the inverse of the p/e...

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The earnings yield (which is the inverse of the P/E ratio) shows the percentage of how much a company earned per share. This yield maybe used to determine optimal asset allocation for debt and equity. The earnings yield of a broad market index (such as the S&P Sensex) is compared to prevailing interest rates, such as the current 10-year G-sec yield. If the earnings yield is less than the 10-year G-sec yield, stocks as a whole may be considered overvalued. If the earnings yield is higher, stocks may be considered undervalued relative to bonds.

GNPA for SCBs has been flat in 1HFY20

NNPA for SCBs has declined marginally

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Global oil demand and supply forecast

mmbpd CY14 CY15 CY16 CY17 CY18 CY19 CY20

IEAGlobal supply* 93.6 96.7 96.9 97.4 100.1 NA NAGlobal demand 93.4 95.3 96.5 98.2 99.3 99.8 90.5Demand growth 1.90 1.14 1.74 1.11 0.50 -9.3

EIAGlobal supply 93.8 97.0 97.4 98.1 100.8 100.6 99.4Global demand 93.5 95.3 96.9 98.8 100.0 100.7 95.5

Demand growth 1.8 1.6 1.9 1.2 0.8 -5.2* IEA only forecast non-OPEC supply growth and assume difference between its demand forecast and non-OPEC supply forecast as call on OPEC

May 2020 – weak volume across segments, barring tractors:

May 2020 volumes:

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