GOOGLE SEARCH
ADS BY GOOGLE
Wednesday, June 30, 2010
[T.S.R:14799] 01.07.10 MAGIC NIFTY NUMBERS
Nifty Future Magic Numbers : 5222--5255-5288-5313
intraday Support 5255 ,resistance 5288 level ,.Go with the flow.
intraday Support 5255 ,resistance 5288 level ,.Go with the flow.
NIFTY CALLS FOR 30.06.10
BUY ONE LOT MINI NIFTY FUTURE 5257-5255 SECOND LOT AT 5244 SL 5235 TARGET 5277-5282+
BUY MINI NIFTY 5286 STOPLOSS 5260 TARGET LATER
EXIT MINI NIFTY INTRADAY TRADE. NOW AT 5253.NO DIRECTION IN MARKET TODAY.WE WILL ENTER IF TREND IS POSITIVE LATER.
BUY MINI NIFTY 5286 STOPLOSS 5260 TARGET LATER.
BOOK 50\% IN MINI NIFTY . 5301 HOLD REST WITH SL AT COST.
MINI NIFTY NOW 5305 AROUND. BOOK FULL PROFIT NOW.
For Anything related with Stock market be Online at
http://www.niftyviews.com/
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
FOR TRIAL STOCK/NIFTY/OPTION CALLS
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."
[T.S.R:14800] Global crisis won't affect India much: Macquarie Capital
Michael Carapeit, ED and global head of Macquarie Capital, is no stranger to India. Of Armenian descent, Mr Carapeit was born in Kolkata and
studied in the city till 1974, after which his family migrated to Australia. His message to Indian companies looking to expand overseas is: dominate your home market before setting your sights abroad. In an interview with ET, Mr Carapeit says that the second half of 2010 will be much better for equity markets globally. Excerpts:
Is the worst of the European debt crisis over? Do you see some more unpleasant surprises?
We have a pretty good view of what the issues are, but the actual solutions are country and organisation-specific. From our point of view, we broadly see the economies moving into a positive territory. There will always be pain and there will always will be good times, regardless of market sentiment.
From an investment banking point of view, there are lots of M&A transactions happening right now, be it in the financial institution space or governments privatising infrastructure and utilities. A falling euro has seen many manufacturing firms across Europe becoming very competitive on a pricing basis than they would have been 18 months ago.
In Asia, we have a high single-digit growth and the actual ability to now source quality European equipment far more cheaply. It is a much more compelling proposition, and as a result, we see the manufacturing sector in countries, such as Germany, doing quite well. Financial services are going to be a challenge for a while, and obviously, the sovereign debt problem is there for everybody to see.
Do you see more M&As happening from Asia into Europe?
Yes, much more. We have seen Indian companies do this progressively over time. Larger players have had international operations for a while. The strategic issue for many companies is when you have such strong domestic demand where do you allocate your scarce capital.
In my opinion, unless you dominate your home market, it's pretty hard offshore. I see many companies, very often, say that well, the domestic market is very competitive, so let me try elsewhere. It is quite rare that a niche player in the home market can go offshore and suddenly become successful.
How do you see India faring relative to other emerging markets?
Very well, actually. The vast majority of the Indian economy is driven on a domestic basis. While not totally immune to what is happening around the world, it is a much more domestic demand-driven story rather than an international story for most of your companies.
Mega companies that have operations around the world will have to take these changes into account. The bulk of the Indian economy and majority of the Indian companies are going to see a 7-8% growth this year and if you are linked to GDP that is quite a good place to be to what is happening elsewhere.
Do you believe the second half of 2010 will be much stronger than what we have seen for equity markets in the first six months this year?
Markets, broadly speaking, are better than what they were 12 months ago, and will continue to get better. We will see continued volatility and people will take a conservative approach while managing their businesses. What we are seeing is management teams around the world are quite optimistic, but boards of directors tend to be a bit more cautious and are taking a more conservative view.
You have said in the recent past that buyers' bids are now nearing sellers expectations and that could help fuel M&A deals in 2010. Can you elaborate on that?
What I have noticed in business is that people who decide when deals happen are the people who own the assets. So, vendors decide when deals happen. Buyers have been hanging around for bargains and we haven't seen too many. So, it's only because buyers want to move things that they have had to move closer to the vendors price. The M&A market is no different to any other market that you are used to. Buyers are always there.
It's just that the sellers should want to hit the price. I think debt markets are more liquid than they were more than 18 months ago. But the amount of debt you can raise is isn't as high as you could previously. I don't think companies want to raise as much debt just on a conservative basis.
There is talk that India inbound deals are subdued on account of valuations though people expect to see a lot of M&A deals for India?
Vendors always have expectations and in a lot of inbound deals you have international investors who are looking at the opportunities in other markets and comparing them. So, globally, if you pay 6-7 times, but in India, you have to pay 20 times, you tend to think that you need very high sustainable growth rate assumptions to sustain this today.
Is the worst of the European debt crisis over? Do you see some more unpleasant surprises?
We have a pretty good view of what the issues are, but the actual solutions are country and organisation-specific. From our point of view, we broadly see the economies moving into a positive territory. There will always be pain and there will always will be good times, regardless of market sentiment.
From an investment banking point of view, there are lots of M&A transactions happening right now, be it in the financial institution space or governments privatising infrastructure and utilities. A falling euro has seen many manufacturing firms across Europe becoming very competitive on a pricing basis than they would have been 18 months ago.
In Asia, we have a high single-digit growth and the actual ability to now source quality European equipment far more cheaply. It is a much more compelling proposition, and as a result, we see the manufacturing sector in countries, such as Germany, doing quite well. Financial services are going to be a challenge for a while, and obviously, the sovereign debt problem is there for everybody to see.
Do you see more M&As happening from Asia into Europe?
Yes, much more. We have seen Indian companies do this progressively over time. Larger players have had international operations for a while. The strategic issue for many companies is when you have such strong domestic demand where do you allocate your scarce capital.
In my opinion, unless you dominate your home market, it's pretty hard offshore. I see many companies, very often, say that well, the domestic market is very competitive, so let me try elsewhere. It is quite rare that a niche player in the home market can go offshore and suddenly become successful.
How do you see India faring relative to other emerging markets?
Very well, actually. The vast majority of the Indian economy is driven on a domestic basis. While not totally immune to what is happening around the world, it is a much more domestic demand-driven story rather than an international story for most of your companies.
Mega companies that have operations around the world will have to take these changes into account. The bulk of the Indian economy and majority of the Indian companies are going to see a 7-8% growth this year and if you are linked to GDP that is quite a good place to be to what is happening elsewhere.
Do you believe the second half of 2010 will be much stronger than what we have seen for equity markets in the first six months this year?
Markets, broadly speaking, are better than what they were 12 months ago, and will continue to get better. We will see continued volatility and people will take a conservative approach while managing their businesses. What we are seeing is management teams around the world are quite optimistic, but boards of directors tend to be a bit more cautious and are taking a more conservative view.
You have said in the recent past that buyers' bids are now nearing sellers expectations and that could help fuel M&A deals in 2010. Can you elaborate on that?
What I have noticed in business is that people who decide when deals happen are the people who own the assets. So, vendors decide when deals happen. Buyers have been hanging around for bargains and we haven't seen too many. So, it's only because buyers want to move things that they have had to move closer to the vendors price. The M&A market is no different to any other market that you are used to. Buyers are always there.
It's just that the sellers should want to hit the price. I think debt markets are more liquid than they were more than 18 months ago. But the amount of debt you can raise is isn't as high as you could previously. I don't think companies want to raise as much debt just on a conservative basis.
There is talk that India inbound deals are subdued on account of valuations though people expect to see a lot of M&A deals for India?
Vendors always have expectations and in a lot of inbound deals you have international investors who are looking at the opportunities in other markets and comparing them. So, globally, if you pay 6-7 times, but in India, you have to pay 20 times, you tend to think that you need very high sustainable growth rate assumptions to sustain this today.
[T.S.R:14800] India will become a bigger economy than many other countries: HSBC
Following the financial crisis, HSBC has emerged as one of the strongest banks in the world, thanks to its focus on retail banking. In India, the
bank is expected to grow its business significantly once the deal to acquire Royal Bank of Scotland's retail and SME businesses in Asia goes through. Michael Geoghegan, 57, group chief executive of HSBC, began his career with the HSBC group in 1973 and has spent most of his career in emerging markets. He has walked the talk about the group's future being in Asia by moving the CEO's office from London to Hong Kong. In an interview with ET, Mr Geoghegan dwells on a variety of issues.
RBI is considering having a wholly-owned subsidiary model for foreign banks. Would you then incorporate locally?
It probably won't be up to me. If the regulator says I have to incorporate locally, I'll incorporate locally. I hope when the regulations are announced, they are similar to those in other financial centres across the world where a local incorporation means just that. I hope there is a level-playing field where you can branch when you wish and you are able to expand when you wish. If it comes with a responsibility to lend to specific sectors as long as it is a level-playing field, I would not be opposed to it at all. I don't think there is anything to fear; foreign banks in India represent 5% of the market share.
HSBC had earlier picked up a stake in Axis Bank, which it had to reduce. Will you look at similar investments if you were allowed?
As you rightly said, shareholdings are capped at below 5%. I think we have enough of such investments at present. We are learning to understand those banks and those banks understand the benefits of HSBC and some time in the future our shareholding can increase.
That would be a logical thing to ensure that those domestic banks have international capability by HSBC. I would like to be a bigger contributor to the banking industry in India but that is not possible at the current time due to regulations. We have large shareholding in banks in China, up to 20%. It will be nice to have a level-playing field in that area. India and China do get benchmarked. I am sure they compete, but I think there is room for both.
You have announced a China listing. What's the likelihood of a listing here?
First, a listing in Shanghai is a medium-term objective and is unlikely to happen in 2010. It may happen in 2011, subject to the government of China coming out with regulations for such a listing. We have not got any plans to list in India at the current time.
You have outsourced significant business to India? Have you measured the savings?
We have 27,000 employees.... it is one of the biggest operations anywhere in the world. We have big things in banking, in processing, and in software development. It is an interesting question because India is being challenged with inflation and clearly that has an impact of cost of production of services in India. I hope this inflation is short term.... I am puzzled why inflation is higher than the interest rate. It would appear to me that if it continues for a long time, it would weaken the value of money.
We track inflation across all our operations and have a big interest in making sure that inflation in India is kept under control. Two things in outsourcing that create problems — one is high turnover of staff and increase in cost, and inflation goes straight to the bottomline. Also, there is competition for that service provided from other countries. So we always look and see which is the best.
HSBC has recently raised capital through perpetual bonds? How do you plan to allocate capital?
At present, under the auspices of G-20 and the Finance Stability Board, it is not totally clear how much tier-I capital banks will be required to keep in future. We have a tier-I equity capital base, which is close to 10.8% and about 96% of that is equity capital. I actually believe that the capital ratios will increase to 12% tier-I capital. What we are hearing out of G-20 headquarters in Toronto is that this will be a gradual thing, over time. The perpetual capital we raised is currently eligible to be considered as tier-I capital and it is callable, if the state of the perpetual capital under the calculation of tier-I capital is changed.
What are your thoughts on Bank Tax and emerging banking regulations?
The tax on banks is a different thing because it is not there in every market. On the whole, I believe the industry is supportive of the regulatory view that there should be more transparency in banking, and particularly in the area of derivatives, and that would appear to be included in the bill that is making progress in the Senate and the Congress.
We have got to remember that there is a very fragile economic situation that the world finds itself at the current time. Anything that increases the need for capital and reduces the ability of banks to lend will have a major impact on the economy. We are also concerned that whatever the G-20 does, it does on a common playing field across the world, so there is not an arbitrage situation between different banking units and different banks around the world.
There is some debate on having banks that are too big to fail.....
When we look at banks that are too big to fail, I think you also want them to be big enough to cope. In this recent downturn, we had our difficulties in the sub-prime crisis. But because it wasn't a major part of our business and we were big enough to have many other businesses around the world, we could offset the losses in the US.
We made profits of $46 billion in the last two years, we paid dividend of $24 billion in the last three years..... not many banks can say that. We
did not take a penny from any government. The reason was we were big enough to have a multiple discipline from various businesses..... we do retail, commercial banking, insurance, and private banking. Yes we are very large, but we are very well spread. I think having the spread is very important.
How is HSBC different from other multinational banks?
One of the things you will see with HSBC is its assets to deposit ratio, which is below 80%. We take deposits first than lend so every country is standing on its own. The HSBC structure is a holding company with operating subsidiaries, it has got its own boards in Asia with its own management team, own deposits, and own capital. It is balanced in the region, I think that is very important. What is dangerous is banks that are focused on short-term funding from the capital market.
There has been some concern over the survival of euro as a single currency..
I think one needs to reflect on why the euro was set up. It was set up after WWII to make Europe strong and there is no question that with a single currency, Europe has managed to trade much more effectively within itself. For that reason, I do not think euro will break up as a currency. Because it would be very difficult considering the challenges for each member state to introduce its own currency. Clearly, there are challenges for certain countries to reduce their indebtedness; steps are taken by countries to reduce that and it's too early to judge their success or failure.
But you feel that the future belongs to Asia?
That is why I have moved my office to Hong Kong. Over 60% of our profits already come from emerging markets. That is because profits in US are really low. In fact we have just returned to profitability in the first quarter of 2010, but the shift from the West to the East is unstoppable...... it starts in India and goes all the way down to Australia, so it is an area seeing a significant high level of growth.
It is felt that China will be a larger trading country than Japan by the end of this year and that wasn't the calculation five years ago. And India's internal consumption has increased. You have a challenge with inflation, but you have the capacity to expand your economy. India will eventually become a bigger economy than many other countries around the world.
Do you plan to grow your insurance business?
It is not easily understood that our operations in Hong Kong are bigger than AIA. We have 30% marketshare of the life market in Hong Kong. You can see the recent valuation of AIA transaction and you can see the size of HSBC's operation and work out the calculation on where the hidden value is.
What we will do is where we have critical mass — marketshare in double digits — we will manufacture ourselves, where we don't, we will look at to see whether we can get a critical mass, or if not, we will distribute. We are in 88 countries, it will be silly for us to manufacture in all 88.
Do you plan to grow inorganically?
I don't see anything on the current horizon. I think the real point of your question is that there will be quite a bit of consolidation in financial services, be that in banking or insurance. Clearly in the former because I don't think many banks will be able to attract the kind of capital they need and they will be part of bigger groups.
RBI is considering having a wholly-owned subsidiary model for foreign banks. Would you then incorporate locally?
It probably won't be up to me. If the regulator says I have to incorporate locally, I'll incorporate locally. I hope when the regulations are announced, they are similar to those in other financial centres across the world where a local incorporation means just that. I hope there is a level-playing field where you can branch when you wish and you are able to expand when you wish. If it comes with a responsibility to lend to specific sectors as long as it is a level-playing field, I would not be opposed to it at all. I don't think there is anything to fear; foreign banks in India represent 5% of the market share.
HSBC had earlier picked up a stake in Axis Bank, which it had to reduce. Will you look at similar investments if you were allowed?
As you rightly said, shareholdings are capped at below 5%. I think we have enough of such investments at present. We are learning to understand those banks and those banks understand the benefits of HSBC and some time in the future our shareholding can increase.
That would be a logical thing to ensure that those domestic banks have international capability by HSBC. I would like to be a bigger contributor to the banking industry in India but that is not possible at the current time due to regulations. We have large shareholding in banks in China, up to 20%. It will be nice to have a level-playing field in that area. India and China do get benchmarked. I am sure they compete, but I think there is room for both.
You have announced a China listing. What's the likelihood of a listing here?
First, a listing in Shanghai is a medium-term objective and is unlikely to happen in 2010. It may happen in 2011, subject to the government of China coming out with regulations for such a listing. We have not got any plans to list in India at the current time.
You have outsourced significant business to India? Have you measured the savings?
We have 27,000 employees.... it is one of the biggest operations anywhere in the world. We have big things in banking, in processing, and in software development. It is an interesting question because India is being challenged with inflation and clearly that has an impact of cost of production of services in India. I hope this inflation is short term.... I am puzzled why inflation is higher than the interest rate. It would appear to me that if it continues for a long time, it would weaken the value of money.
We track inflation across all our operations and have a big interest in making sure that inflation in India is kept under control. Two things in outsourcing that create problems — one is high turnover of staff and increase in cost, and inflation goes straight to the bottomline. Also, there is competition for that service provided from other countries. So we always look and see which is the best.
HSBC has recently raised capital through perpetual bonds? How do you plan to allocate capital?
At present, under the auspices of G-20 and the Finance Stability Board, it is not totally clear how much tier-I capital banks will be required to keep in future. We have a tier-I equity capital base, which is close to 10.8% and about 96% of that is equity capital. I actually believe that the capital ratios will increase to 12% tier-I capital. What we are hearing out of G-20 headquarters in Toronto is that this will be a gradual thing, over time. The perpetual capital we raised is currently eligible to be considered as tier-I capital and it is callable, if the state of the perpetual capital under the calculation of tier-I capital is changed.
What are your thoughts on Bank Tax and emerging banking regulations?
The tax on banks is a different thing because it is not there in every market. On the whole, I believe the industry is supportive of the regulatory view that there should be more transparency in banking, and particularly in the area of derivatives, and that would appear to be included in the bill that is making progress in the Senate and the Congress.
We have got to remember that there is a very fragile economic situation that the world finds itself at the current time. Anything that increases the need for capital and reduces the ability of banks to lend will have a major impact on the economy. We are also concerned that whatever the G-20 does, it does on a common playing field across the world, so there is not an arbitrage situation between different banking units and different banks around the world.
There is some debate on having banks that are too big to fail.....
When we look at banks that are too big to fail, I think you also want them to be big enough to cope. In this recent downturn, we had our difficulties in the sub-prime crisis. But because it wasn't a major part of our business and we were big enough to have many other businesses around the world, we could offset the losses in the US.
We made profits of $46 billion in the last two years, we paid dividend of $24 billion in the last three years..... not many banks can say that. We
How is HSBC different from other multinational banks?
One of the things you will see with HSBC is its assets to deposit ratio, which is below 80%. We take deposits first than lend so every country is standing on its own. The HSBC structure is a holding company with operating subsidiaries, it has got its own boards in Asia with its own management team, own deposits, and own capital. It is balanced in the region, I think that is very important. What is dangerous is banks that are focused on short-term funding from the capital market.
There has been some concern over the survival of euro as a single currency..
I think one needs to reflect on why the euro was set up. It was set up after WWII to make Europe strong and there is no question that with a single currency, Europe has managed to trade much more effectively within itself. For that reason, I do not think euro will break up as a currency. Because it would be very difficult considering the challenges for each member state to introduce its own currency. Clearly, there are challenges for certain countries to reduce their indebtedness; steps are taken by countries to reduce that and it's too early to judge their success or failure.
But you feel that the future belongs to Asia?
That is why I have moved my office to Hong Kong. Over 60% of our profits already come from emerging markets. That is because profits in US are really low. In fact we have just returned to profitability in the first quarter of 2010, but the shift from the West to the East is unstoppable...... it starts in India and goes all the way down to Australia, so it is an area seeing a significant high level of growth.
It is felt that China will be a larger trading country than Japan by the end of this year and that wasn't the calculation five years ago. And India's internal consumption has increased. You have a challenge with inflation, but you have the capacity to expand your economy. India will eventually become a bigger economy than many other countries around the world.
Do you plan to grow your insurance business?
It is not easily understood that our operations in Hong Kong are bigger than AIA. We have 30% marketshare of the life market in Hong Kong. You can see the recent valuation of AIA transaction and you can see the size of HSBC's operation and work out the calculation on where the hidden value is.
What we will do is where we have critical mass — marketshare in double digits — we will manufacture ourselves, where we don't, we will look at to see whether we can get a critical mass, or if not, we will distribute. We are in 88 countries, it will be silly for us to manufacture in all 88.
Do you plan to grow inorganically?
I don't see anything on the current horizon. I think the real point of your question is that there will be quite a bit of consolidation in financial services, be that in banking or insurance. Clearly in the former because I don't think many banks will be able to attract the kind of capital they need and they will be part of bigger groups.
[T.S.R:14800] Sector Update - Sugar
SECTOR UPDATE: Sugar
Ujjval Jauhari/Mumbai 30 Jun 10 | 01:30 PM
The news of an increase in sugar production has had a sweet impact on consumers, though the returns for investors in sugar stocks seem limited in the near-term. According to reports, Uttar Pradesh (UP), the second largest sugar producing state after Maharashtra, is likely produce 5.95 MT of sugar in Sugar Year 10-11 (October-September), as against 5.16 MT estimated earlier. Even Karnataka is likely to increase production 3 MT sugar production as against 2.5 MT estimated earlier. News from Maharashtra the largest sugar producer and taking care of 40% of countries demand has also been encouraging. The output is likely to be to touch 8.5-8.6 MT in SY10-11 against 7.1-7.2 MT in SY 09-10.
All this is being estimated in the backdrop of revised crushing estimates. The officials in UP are said to have estimated increased crushing this year (65MT in SY 10-11 against 56.6 MT estimated earlier). In Karnataka cane output estimates have increased from 22.7 MT to 27 MT for the year. Both states owe this increase to renewed interest of farmers in sugarcane crop with good prices paid last year. Uttar Pradesh paid around Rs 250-290/quintal last year.
The demand-supply equation seems to be in equilibrium with analysts expecting the total sugar production to touch 23-25 Million Metric Tonne in this season, as against a demand of 24.6 million MT. This is expected to keep supporting the current prices of Rs 28-29 at wholesale levels. White sugar inventories at the domestic sugar mills are at Rs 25-27/ kg cost of production. Thus, current prices are almost at par with the cost and a fall can have negative bearing, which is unlikely given the government support.
Some recent events too have augured well for the industry. The government had increased provisional levy sugar prices by Rs4/kg to Rs 17.84/kg a few days back. These prices had remained unchanged since 2003-04, and with fall in production the government had increased levy quota to 20% of production in SY10 compared to 10% in SY09. (Levy sugar relates to obligation by sugar mills to sell a certain percentage of net sugar output to central government for PDS).
This increase in Levy prices was imperative looking at governments' directive for millers to pay Fair Remunerative Price (FRP) of Rs139.14/quintal for SY10-11 and Rs129/quintal for cane during SY10 as against SMP of Rs 81.8 per quintal in SY10.
On the policy front, the government deferred import duty on refined sugar imports in the wake of high food inflation, which touched 16.9% on 12 June. Going ahead, analysts feel that the government may provide some respite to by imposing 15% import duty as inflation softens. They also expect the government to reduce levy quota to 16% on the back increased production, which will be adequate to take care of PDS.
Globally, an Edelweiss report suggests, Brazil – the largest manufacturer of sugar – will have to limit its raw sugar exports supporting international prices. Higher ethanol demand in the country due to a steady demand for ethanol and flex fuel-based vehicles is also expected to keep exports under check, adds the Edelweiss report.
Things are not looking good for Thailand too. The world's second largest exporter saw a reduction in crop projection in March 2010 taking into account a negative impact on cane by a drought in the northern part of the country. As a result, sugar exports are expected to dip to around 4.7 million tonnes for the season, down from 5.1 million tonnes in 2008-09.
Overall, while we may not see lower sugar prices for now, they will remain capped on the upside too. Analysts feel that price volatility in sugar in India will continue for some time with volatility in international sugar prices and government interventions. Looking at current wholesale prices around Rs 28-29 per kg and cost of production for manufacturers at Rs 27/ kg, profitability remains sharply affected. Also, the government will not allow much upside on pricing looking at inflationary pressures. Analysts suggest that though overall scenario for sugar companies looks promising, a significant upside is not possible in the near-term.
http://www.smartinvestor.in/market/story-33515-storydet-SECTOR_UPDATE_Sugar.htm
--
Re: [T.S.R:14794] Reliance Communication
If any one have reports on paper industry pls mail me the same.
Regards
Abhishek Jain
For Anything related with Stock market be Online at
http://www.niftyviews.com/
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
FOR TRIAL STOCK/NIFTY/OPTION CALLS
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."
[T.S.R:14795] Oil & Gas and Petrochemicals: Snippet – Don’t sell the Indian OMCs merely because they have rallied a bit…
Here's our two-pennies' worth on these names: it may be tempting to sell off these stocks into a 20% rally post these announcements. That, in our humble view, would be a colossal mistake. These stocks are headed into secular bull market territory, on a absolute and relative basis. Make no mistake about this. Years of severe undervaluation can't get corrected in a short, sharp move. The correction of this undervaluation will happen through a huge price movement, as also through big relative outperformance. Bet on the OMCs for the next many months, if not years. And relax…Oil is not headed anywhere close to $100 or thereabouts, at least in our view…
--
[T.S.R:14795] Initiating coverage on Cognizant Technology Solutions Corporation with a Moderate Outperform rating.
Cognizant has clearly got its game-plan right considering that it managed to deliver industry leading growth during the global economic crisis. The company's confidence is evident from the fact that it recently raised the CY10 revenue growth guidance from 20% to 25%. The demand revival in IT services has been faster than expected, and there is strong evidence of an increase discretionary spending Cognizant's front-end focused strategy (more than 20% of revenues are reinvested in SG&A expenses), its strong presence in the financial services and healthcare verticals, improved breadth of services with growing emphasis on BPO, KPO and infrastructure management and investments in new geographies will help the company sustain strong growth rates. We initiate coverage with a Moderate Outperform rating.
[T.S.R:14795] India Equity Strategy - Citi 25.06.10
--
CA.RAJESH DHIRAJLAL DESAI
"Print this mail only if absolutely necessary. Save Paper. Save Trees."
For Anything related with Stock market be Online at
http://www.niftyviews.com/
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
FOR TRIAL STOCK/NIFTY/OPTION CALLS
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."
[T.S.R:14793] EOD 30 JUNE 2010 UPLOADED - ROCKING OPTION CALLS JUN SERIES
EOD DATA UPLOADED AT : http://tapricos.blogspot.com/
VISIT www.taprico.blogspot.com ---- for live discussion and free calls with 200 plus members ---- its free too
TSR OPTION MASTER
A profit of 14500 Rs in June series
With a trading under a new strategy
VISIT ------------- http://tsroption.blogspot.com/ ---------------
Join TSR NIFTY PREMIUM service and enjoy life
For premium services contact Hiren at 09327744250 or email contact@niftyviews.com or visit: http://www.teamstockresearchers.com/
For Anything related with Stock market be Online at
http://www.niftyviews.com/
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
FOR TRIAL STOCK/NIFTY/OPTION CALLS
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."
[T.S.R:14792] IPO ALERT - AGRICULTURAL BANK OF CHINA LTD Price Range announced - Books officially open
Dear clients
We have gathered some information from a contact in china on the upcoming IPO: the international offering (H share) is already 8x covered and the local tranche (A Share) is 16x covered.
1. Hearing it is getting surprisingly hot, expecting 5-10% for first day trading, Reasons being:
2. ABC's IPO is rather a political deal than a normal market IPO deal;
3. ABC will buy back shares on market if price drops below listing price on first day trading;
4. ABC is cash rich;
5. As every PM said, when you buy stock you buy the future,that's right,ABC has great future in rural area's financial market;
6. China gov't is seeking a well balance national development, I greatly doubt gov't may launch new project in rural area after ABC's IPO in 2H10.
7. Current market has low valuation in banking sector. ABC is coming at a discount to its peers.
Books will close on the 6th of July.
Initial Price Range: HK$ 2.88 - HK$ 3.48
This initial price range represents the following
? PB of 1.53x - 1.76x 2010
? PE of 9.2x - 11.1x 2010
To compare:
ICBC and CCB (main comps) are trading at PB of 2.15x - 2.25x and PE of 10.5x to 11x 2010.
The deal has already attracted 11 cornerstones with a total commitment of $5.45 Billion.
? Qatar Investment Authority $2.8BN
? Kuwait Investment Authority $800M
? Standard Chartered Bank $500m
? Rabobank $250m
? Seven Group $250m
? China Resources Holding $200M
? Temasek Holdings $200M
? China Travel Services $150M
? ADM $100M
? UOB $100M
? Li Ka-Shing $100M
About the Bank:
Agriculture Bank of China (ABC) is the third largest bank in China in terms of deposits (market share 12.3%) and loans (9.7%). It has the worlds largest retail consumer base of 320m, (followed by ICB at 220M) and 2.6M corporate accounts, according to company date. ABC has the largest domestic distribution network in China with 23,624 domestic branch outlets and 41,011 ATMs.
ABC is uniquely positioned to capitalize on the next wave of china's growth, driven by the urbanization and economic transformation of county areas. It is estimated that around 15-20m people will be added to China's urban population each year and 4-5 mid sized cities with population of 1-5m will be formed.
ABC is the primary financial services provider in the county areas in terms of deposits (market share: 21.6% in 2008), loans (13.6% in 2008) and domestic branch outlets of 10,887 according to company data. (Income Statement Attched)
Source: Lead managers research
About the offering:
GLOBAL OFFERING OF 25,411,765,000 H SHARES
(subject to the H share Over-Allotment Option) ON THE MAIN BOARD OF THE STOCK
EXCHANGE OF HONG KONG
JGCs : CICC/GS/MS/ABCI
JBRs/JLMs : CICC/GS/MS/DB/JPM/MACQ/ABCI
Issuer : AGRICULTURAL BANK OF CHINA LIMITED
Type of Offering : Global Offering on the Main Board of the Stock Exchange of
Hong Kong ("SEHK")
Distribution : Regulation S and Rule 144A
Initial Price Range : HK$ 2.88 - HK$ 3.48
Base Offering Size : 25,411,765,000 H shares (US$ 9.4 – 11.4 bn), representing
approx. 8.0% of the enlarged share capital of the Company
Greenshoe : 3,811,764,000, representing 15% of the Base Offering Size
Post-Greenshoe Size : 29,223,529,000 H shares (US$ 10.8 -13.1 bn), representing
approx. 9.0% of the enlarged share capital of the Company
Offering Structure : 100% Primary Shares
Exchange / Ticker : SEHK / 1288 HK
Board Lot : 1000 shares
HKPO Claw Back Structure: Below 15 times, 5% of the base offering
15-50 times, 7.5% of the base offering
50-100 times, 10% of the base offering
100 times above, 20% of the base offering
Book Open Date : Thursday June 24 2010
Expected Book Close Date : Tuesday July 6 2010 (Exact book closing date and
time will be notified by JBRs later)
HKPO Period : From June 30 to 12:00 noon on Tuesday July 6
Expected Pricing Date : Tuesday July 6 2010 (Hong Kong time)
Expected Listing Date : Friday July 16 2010 (Hong Kong time)
Expected Settlement Date : Friday July 16 2010 (Hong Kong time)
--
Rgd's
Kushal Shah
For Anything related with Stock market be Online at
http://www.niftyviews.com/
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
FOR TRIAL STOCK/NIFTY/OPTION CALLS
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."
[T.S.R:14791] PERFORMANCE OF TODAY'S TRADING CALL@TEAM STOCKRESEARCHERS@30.06.10
For future calls performance sheets
Visit http://www.future-friend.blogspot.com/
Visit http://www.future-friend.blogspot.com/
Dear Friends,
The profits are indicative in nature.
The profits are indicative in nature.
INTRADAY FUTURES -100 in Just 1 Lot of Trading.Charges 6600 for 2 months.
TSR NIFTY +25 POINTS. Charges 3700 for 2 months Charges 3700 for 2 months
INTRADAY OPTIONS Rs.1,200/- IN JUST 1 LOT.Charges 4200 for 2 months.
Here are the trading calls given by Team Stock researchers to its premium clients today.Its intra/futs/nifty futs /options service.Calls are sent by both sms and yahoo messenger.All are live calls.We dont give premarket calls.
Yahoo messenger id- NIFTYVIEWSCOM
Google talk support id- Contact@niftyviews.com
for payment details OR any further query email to contact@niftyviews.com
2 call Hits target 0 sl taken and 1 booked at costs
CASH CALLS:
for payment details OR any further query email to contact@niftyviews.com
2 call Hits target 0 sl taken and 1 booked at costs
CASH CALLS:
BUY MOSERBAER 68.3 STOPLOSS 67.2 TARGET 69.8-73+
BUY IOC ABOVE 397 SL 391.8 TGT 4024.45-410
BUY MOSERBAER 68.3 STOPLOSS 67.2 TARGET 69.8-73+
SELLL ICICI BANK 851.5 SL 862 TGT 841-836 12:31:55
SHORT INFOSYS 2755 SL 2781 TGT 2725-2695
NIFTY CALLS:
BUY ONE LOT MINI NIFTY FUTURE 5257-5255 SECOND LOT AT 5244 SL 5235 TARGET 5277-5282+
BUY MINI NIFTY 5286 STOPLOSS 5260 TARGET LATER
EXIT MINI NIFTY INTRADAY TRADE. NOW AT 5253.NO DIRECTION IN MARKET TODAY.WE WILL ENTER IF TREND IS POSITIVE LATER.
BUY MINI NIFTY 5286 STOPLOSS 5260 TARGET LATER.
BOOK 50\% IN MINI NIFTY . 5301 HOLD REST WITH SL AT COST.
MINI NIFTY NOW 5305 AROUND. BOOK FULL PROFIT NOW.
TOTAL LOSS +25 POINTS
OPTIONS CALLS:
OPTIONS CALLS:
BUY TATAMOTORS 780 CA AT 23.5 24 SL 753.45 CASH LEVEL TGT LATER
BOOK 50 % TATAMOTORS 780CA AT 25 25.50 CP 25.30 .ONE LOT HOLDER BOOK FULL
BUY AND HOLD NIFTY 5200 PE AT 93 95 SL 5264 SPOT ABOVE TGT LATER
HOLD NIFTY 5200 PE TILL NEXT UPDATE
BOOK TATAMOTORS 780 CA FULL AT 27.50 28 CMP 27.70
TOTAL PROFIT Rs1,200/- /PER LOT
For a Free Trial
Sms "Join TSR " and send to 09223492234
To subscribe FOR FREE TRIAL
SMS 'ON SRESEARCHERS' to 09870807070.
or be online in our chat room in market hours
http://www.niftyviews.com/
FOR LAST YOU YEARS PERFORMANCE SHEET
DO READ THE DISCLAIMER ON THE BLOG.PLEASE SEE THE BLOG FOR OUR PAST PERFORMANCE.ALSO REMEMBER THAT PERFORMANCE SHOULD NOT BE TAKEN AS AN EXPECTATION,INDICATION OR ACTUAL FUTURE PERFORMANCE.
http://smscalls.blogspot.com/
REGARDS
HIREN,
MANAS,
MITUL,
SHALIN,
SUNIL
VARUN,
VINAYAK.
ADMINISTRATORS.
TEAM STOCKRESEARCHERS
For Anything Related with stock markets and our online Live chat room visit
http://www.niftyviews .com/ --
For Anything related with Stock market be Online at
http://www.niftyviews.com/
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
FOR TRIAL STOCK/NIFTY/OPTION CALLS
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."
Tuesday, June 29, 2010
[T.S.R:14787] WORLD MARKET FALL FOR THE 442 BILLION REPAYMENT TO THE EUROPEAN CENTRAL BANK - www.niftyviews.com
WORLD MARKET FALL FOR THE 442 BILLION REPAYMENT TO THE EUROPEAN CENTRAL BANK…. FOR THE ENTIRE STORY VISIT http://www.niftyviews.com/
--For Anything related with Stock market be Online at
http://www.niftyviews.com/
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
FOR TRIAL STOCK/NIFTY/OPTION CALLS
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."
[T.S.R:14787] petrol prices- pls read
petrol price in pakisthan 26
bangladesh 22
cuba 19
nepal 34
burma 30
afganisthan 36
qutar 30
now india 56 basic cost par litre 16.50 centre tex 11.80 excise duty 13.75 state tex 8.00 vet ces 6.00 total 56.05 now extra 6rs grate job from govt,
pass this to ALL INDIANSSS
-- For Anything related with Stock market be Online at
http://www.niftyviews.com/
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
FOR TRIAL STOCK/NIFTY/OPTION CALLS
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."
[T.S.R:14781] Fwd: Sector Update - Real Estate
--
NIRAV SHAH
CELL - 9820276322.
YAHOO ID :- shahnirav_01@yahoo.co.in
For Anything related with Stock market be Online at
http://www.niftyviews.com/
Get free updates on your mobile phone. Sms "Join TSR " and send to 09223492234
FOR TRIAL STOCK/NIFTY/OPTION CALLS
You received this message because you are subscribed to Google Group "STOCKRESEARCHER" group.
To post to this group, send an email to STOCKRESEARCHER@googlegroups.com
To unsubscribe email
Stockresearcher-unsubscribe@googlegroups.com
for more info visit
http://groups.google.com/group/STOCKRESEARCHER?hl=en-GB
.
This is Not a Spam Mail.
Disclaimer :-
"The opinions expressed by the members on this board are based on
their individual experience and perceptions and to share information
with other members with the best of intentions to help fellow members
in investment decisions as equity investment is a risky venture."
[T.S.R:14781] 9am with Emkay
9am with Emkay
Contents
PSBs decide base rate at 7.5-8.0%
The public sector banks have decided their base rates in the range of 7.5-8.0% as expected with SBI being the lowest at 7.5%. SBI has calculated base rate on last six months average cost of deposits. Banks like PNB, BoB and UBI have kept their base rate at 8%.
n The base rates for various banks have been in line with expectations. We do not expect the base rate to impact volumes for banks in immediate term as for banks like SBI the volume of businesses done below the base rate is just about 3%
n The base rate regime is also positive for banks' profitability as the banks can not lend below base rate which means no loans with negative carry.
n We believe that the problems with volumes will arise when the yield curve gets steeper and the interest rates in less than one year NCD/CP markets are much below the medium/long term rates.
n Technical Comments
Momentum shift
On daily chart, Nifty has formed a second consecutive lower low and with that broke the last week's low of 5259, which indicates that a correction is on the cards. In addition to this, Nifty also failed to find support at the 50-hourly exponential moving and did manage to close below that average, which means that from hereon any pull back towards 50-hourly exponential moving average (i.e. 5285) should be used for adding fresh shorts. Furthermore, RSI has also formed a declining peak, meaning that the momentum has now again shifted in the favour of the bears.
BSE Bankex
With the target of 38.2% retracement of the whole rally from 10011 to 11127, on the cards, we are now revising our target to 50% retracement packed at 10573 and below that the fall can also extend upto 61.8% retracement packed at 10443.
BSE Metal
The index (currently @ 14635) has started a fresh leg down after finding resistance near its 200-dma. For the current leg the first target is packed at 13827. If this level is violated then the fall can even worsen upto 13000 level.
Click here to read report: 9AM with Emkay
Emkay Retail Advisory | Emkay Global Financial Services Ltd. | www.emkayglobal.com
Paragon Center, H -13-16, 1st Floor, Opp. Century Mills, Pa ndurang Budhkar Marg, Worli, Mumbai - 400 013 | Fax : +91 22-66610307
Subscribe to:
Posts (Atom)
Powered byNiftyviews.blogspot.com
Sign by Dealighted - Coupons and Deals
Posts
