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This document has been prepared by Research Department of Indovision Securities Ltd., This is not an offer to buy or sell or the solicitation of an offer to buy or sell any security or to participate in any particular trading strategy or as an official confirmation of any transaction. The views expressed are those of the Analyst/Analysts. The information contained herein is from publically available data or other sources believed to be reliable or developed through analysis. No representation or warranty express or implied, is made to the accuracy, completeness or fairness of the information and opinions contained in this document. Indovision Securities Ltd., accepts no obligation to correct or update the information or opinions in it. Indovision Securities Ltd., may discontinue research coverage of a subject company or change the opinion(s) without notice. The investments discussed or views expressed may not be suitable for all investors and certain investors may not be eligible to purchase or participate in some or all of them. Indovision Securities Ltd., recommends that investors independently evaluate particular investments and strategies or consult their own Investment Advisors. The user assumes the entire risk of any use made of this information. Neither Indovision Securities Ltd., nor any of its affiliates, directors, employees, analysts, agents or representatives shall be liable for any damage whether direct, indirect, special or consequential including loss of revenues or any financial loss or any other tangible or intangible loss that may arise from or in connection with the use of this information. Indovision Securities Ltd., and its affiliates, officers, directors, employees, analysts, agents or representatives may from time to time, effect or have effected an own account transaction in, or deal as principal or agent in or for the securities mentioned in this document. They may perform or seek to perform investment banking or other services for or solicit investment banking or act as advisor or lender/borrower to such company (ies) or have other potential conflict or interest with respect to any recommendation and related information and opinions. The recipient should take this into account before interpreting the document. This report is not directed or intended for distribution , publication or free distribution to any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication availability or use would be contrary to the law and regulation or which would subject Indovision Securities Ltd., and its affiliates to any registration or licensing requirements within such jurisdiction, persons in whose possession this document comes, should inform themselves about and observes any such restrictions. Copyright of this document vests exclusively with Indovision Securities Ltd., This document should not be reproduced or redistributed, or passed on directly or indirectly in any form to any person or published, copied, in whole or in part, for any purpose without prior written permission from Indovision Securities Ltd., We do not guarantee the integrity of any email or attached files and are not responsible for any changes made to them by any person.
It may discontinue research coverage of a subject company or change the opinion(s) without notice. The investments discussed or views expressed may not be suitable for all investors and certain investors may not be eligible to purchase or participate in some or all of them. Indovision Securities Ltd., recommends that investors independently evaluate particular investments and strategies or consult their own Investment Advisors. The user assumes the entire risk of any use made of this information. Neither Indovision Securities Ltd., nor any of its affiliates, directors, employees, analysts, agents or representatives shall be liable for any damage whether direct, indirect, special or consequential including loss of revenues or any financial loss or any other tangible or intangible loss that may arise from or in connection with the use of this information.
Indovision Securities Ltd., and its affiliates, officers, directors, employees, analysts, agents or representatives may from time to time, effect or have effected an own account transaction in, or deal as principal or agent in or for the securities mentioned in this document. They may perform or seek to perform investment banking or other services for or solicit investment banking or act as advisor or lender/borrower to such company (ies) or have other potential conflict or interest with respect to any recommendation and related information and opinions. The recipient should take this into account before interpreting the document. This report is not directed or intended for distribution , publication or free distribution to any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication availability or use would be contrary to the law and regulation or which would subject Indovision Securities Ltd., and its affiliates to any registration or licensing requirements within such jurisdiction, persons in whose possession this document comes, should inform themselves about and observes any such restrictions. Copyright of this document vests exclusively with Indovision Securities Ltd., This document should not be reproduced or redistributed, or passed on directly or indirectly in any form to any person or published, copied, in whole or in part, for any purpose without prior written permission from Indovision Securities Ltd., We do not guarantee the integrity of any email or attached files and are not responsible for any changes made to them by any person.
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