Milan, Aug 6 (IANS) Serie A giants Inter Milan on Thursday announced permanent transfer of Chilean forward Alexis Sanchez from Manchester United. Sanchez, who was on a season-long loan at the San Siro Stadium, put pet to paper on a deal that will run until 2023.
No transfer fee was involved in the deal as United seemed to be in a hurry to offload the forward who couldn't reach the heights of his previous years at Old Trafford. He was also reportedly earning in excess of 500,000 pounds per week at Manchester United.
"FC Internazionale Milano announces that Alexis Sanchez is moving to the Nerazzurri outright free of charge. The Chilean striker has signed a contract with the club until June 30, 2023," Inter said in a statement.
The confirmation of the deal comes just a day after Man Utd boss Ole Gunnar Solskjaer revealed the two clubs had reached an agreement over the high-profile transfer.
"I can confirm we have agreed. Alexis enjoyed his time there they have liked him so that's a good move for him," Sky Sports quoted Solskjaer as saying. "We wish him all the best and he is a top player who we want to see play his best football."
Meanwhile, Inter manager Antonio Conte had said they got Sanchez back on track after his poor spell in Manchester and now it's time to reap the reward by getting him full-time at the club.
"I think the Alexis Sanchez move is a great one made by the club. Considering the conditions we managed to get Alexis, it was a really good transfer," Conte told Sky Sport Italia following Inter's 2-0 Europa League win over Getafe.
"He had come off two years when he was really struggling at Manchester United, then he got this injury with us and we took the time to get him back on track, so it's only right that we are now able to reap the rewards of that effort," he added.
New Delhi, Sep 28 (IANS) Investment experts have projected a positive turnaround for the ITC stock with 41 out of 43 analysts on Bloomberg giving a "buy" or "Hold" call for the stock.
As per JM Financial, the addressable opportunity for ITC is still $ 22 billion - larger than even HUL's 'size of markets' and more than three times that of Nestle India's.
ITC in FY30 could clock an FMCG EBITDA that is higher than the combined FY20 EBITDA of Nestle India, Britannia, Tata Consumer, JM Financial said.
It said that ITC's FMCG segment is possibly one of the most under-appreciated businesses in the Indian consumer space in recent times.
"We suspect the market may not have taken a holistic look yet; our understanding of Indian consumer categories tells us that ITC FMCG today addresses market opportunities that are Rs 2.1 trillion ($ 28 billion) in size in aggregate. Even if one excludes a couple of nascent Dairy products from the portfolio, the addressable opportunity for ITC is still $ 22 billion - larger than even HUL's 'size of markets' and more than three times that of Nestle India's," it added.
"Profitability is low at present, but we reckon that with investment-phase largely done (though some new categories are still in incubation stages), profits and cash-generation would get much bigger here onwards," the report said.
As per Centrum Broking, "In our deep dive analysis into ITC's foods business we conclude that it is at the cusp of a take-off both in terms of top-line and margins."
"ITC is emerging as a foods company, more comparable to Nestle than HUL. Branded packed food consistently gaining saliency given the management focus (saliency increased from 71 per cent of other FMCG in FY14 to 81 per cent in FY20)," it added.
It is the only company which has successful brands from staples (Aashirvaad) to RTC and RTE (Sunfeast, Bingo, Yippee etc.).
ITC has made consistent investments in brand building over the past decade helping create brands across the branded packed food categories from staples a and dairy to RTC and RTE. Aashirvaad, Sunfeast, Bingo and Yippee now account for Rs 60 billion, 40 billion, 27 billion and 13 billion in consumer spend terms.
As per BNP Paribas, there is a faster than expected recovery in ITC's cigarette business. The catalyst for ITC is a faster than expected recovery in cigarette volumes and higher than expected margin expansion in the FMCG business.
As per B&K Securities, a turnaround in cigarette volumes is expected from September onwards. "We believe the gradual lifting of start/stop lockdowns in most states, opening up of bars/clubs in some states and more attendance in offices due to lesser fears from Covid-19 will lead to the marginal smoker slowly coming back. Given the fact that 30 per cent of the smokers' user base comprises of non-regular smokers who have been impacted by the start/stop lockdowns, we feel the industry figures will start looking up from September 2020," it added.