汇丰银行-煤炭交易暴跌，印度港口增长缓慢-20170807-hsbc-indiaportsgrowthdeceleratedonasharpdeclineincoal.pdfVIP

7 August 2017   India Ports EQUITIES MARINE  Growth decelerated on a sharp decline in coal India  Major ports growth slowed to 1.4% in July from 4.0% y-o-y in Parash Jain* June on a sharp decline in coal and a slowdown in POL Head of Transport Research, Asia Pacific The Hongkong and Shanghai Banking Corporation Limited parashjain@.hk  Coal remains under pressure on rising domestic supply; Coal +852 2996 6717 India’s offtake grew 4.1% y-o-y in the first four months of FY18 Louis Pang* Associate  GST-related disruptions led to a plunge in manufacturing PMI The Hongkong and Shanghai Banking Corporation Limited louis.w.h.pang@.hk but no disruption for ports; low base should support 2QFY18 +852 2914 9934 *Employed by a non-US affiliate of HSBC Securities (USA) Inc, and is