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HDFC Bank's Earnings Propel 30% (HDB)

Thu, 15 Oct 2009 14:34:58 GMT

While everyone obsesses with the US oligarchs and their money printing presses courtesy of the Federal Reserve reducing their cost of capital to nearly nil, HDFC Bank (HDB) reported overnight in India. Yet another impressive quarter although as I said this weekend, it's been difficult for me to keep riding the train due to valuation. This is not a market where those who use valuation metrics are rewarded. September through mid October has seen another wonderful run in the stock price. If you are new to technical analysis and want to see the term "breakout out of a base" explained in picture, behold:[More...]

Indian Budget Disappoints Market

Mon, 06 Jul 2009 19:28:07 GMT

The Indian market reacted with disappointment to the budget presented this morning by the new Finance Minister, due to lack of any new liberalization measures and the ballooning budget deficit. The Bombay Sensitive Index plunged 870 points, or almost 6%, as the high hopes for major pro-market structural reform in pensions, insurance and retail sectors were not met. Markets were expecting that there would be a roadmap for bringing down the fiscal deficit, as also details of disinvestment and deregulation of oil prices. The budget seeks to boost government spending that would increase the fiscal deficit to 6.8% of GDP. The country's fiscal deficit has been soaring since the government enacted three fiscal stimulus packages of tax cuts and spending, on top of deep spending on fuel subsidies, government pay hikes and farmer loan and employment programs. Last year, the deficit was 6.2% of GDP, and the year before that it was 2.7% of GDP. Rising deficits[More...]

More Gaps To Fill

Mon, 06 Jul 2009 15:45:46 GMT

Back a few weeks ago we posted some names that had "gaps" to fill in their charts (Jun 22: Gaps Filling and To Be Filled?) - James River Coal (JRCC) has filled its gaps, and we also listed Research in Motion (RIMM) and A-Power Energy (APWR) - here are updates on their progress; both of these of course would require a swan dive. [More...]

Non-U.S. Banks - May 13 2009 9:38AM

Wed, 13 May 2009 13:40:00 GMT

In general, we believe it is still a bit early to get involved with non-US bank stocks as the fundamental outlook remains weak -- asset quality will continue to deteriorate as individuals and companies default on loans, and revenues should continue to fall as loan growth falters and investment banking faces a dearth of new business in the face of economic slowing. Consumer job losses and sluggish business conditions are increasing worldwide, which will tend to dampen demand for credit, even assuming banks are capable of lending more. Moreover, these factors will also hurt asset quality and increase losses on the existing "good" loan portfolios, even apart from considerations of toxic assets. Combined with top-line pressure due to weakening economic conditions, non-US banks face a daunting outlook. That said, we believe that banks in stable emerging economies, such as Chile, Brazil or India, may be more attractive investments, similar to what we[More...]

Market Report For Friday: Apr 17, 2009

Fri, 17 Apr 2009 13:00:45 GMT

(7:11am ET) There was plenty of economic data released in the US during the day; however the equity market sidetracked until 2pm ET, when with prices at modest losing levels on the week until that point, suddenly, and for no discernable reason, there was a rally that left the indexes with small gains through Thursday. Perhaps traders were anticipating a positive quarterly report from Google (GOOG +2.4% on +151% of average daily trading volume)? After the close, the company did not disappoint, beating both revenue and EPS estimates. The company posted net income of $1.42 billion ($5.16/share), up +8% from the $1.31 billion ($4.84/share) recorded during the same period a year ago. Revenue for 1Q2009 increased +10% to $4.07 billion, from $3.7 billion, excluding traffic acquisition costs. On average, analysts had expected earnings per share of $4.93 and revenue of $4.08 billion, according to Yahoo Finance. For the first[More...]

Daily Report For Tuesday, Apr 14, 2009

Tue, 14 Apr 2009 14:18:59 GMT

(9:30am ET) Stocks in NY sank at the open following various negative reports from TV talking heads, though trade volume was weak on the Easter Monday. After the close, Goldman Sachs surprised with unusually positive revenue and earnings. Today, President Obama will be making a speech on the state of the economy. Traders are confused. Yesterday was pretty much a lost day in the market. Very little of consequence happened. By the close, the DJIA’s small loss (-25.57 -0.32% to 8057.81) offset the small gain in the S&P (+2.17 +0.25% to 858.73), while the NASDAQ (+0.77 +0.05% to 1653.31) was flat. The Toronto Composite (+98.50 +1.07% to 9285.6) and the Toronto Venture Board (+11.89 +1.23% to 980.86) were stronger as the metal miners and goldminers enjoyed a good day. Except for Japan’s Nikkei 225 index (-0.92% to 8842.7), prices today were strong in the major international equity markets: Australia (+2.22% to[More...]

Daily Report For Wednesday, Apr 1, 2009

Wed, 01 Apr 2009 14:53:00 GMT

(8:07am ET) In his absence, Bill has asked the CTAB traders fill in for him today and maybe tomorrow as well. Bill was having connectivity and other related computer issues early Tuesday morning. Perhaps the Conficker worm virus programmed to be unleashed April 1, began slithering through the Bahamas a little ahead of schedule. The final trading day of the month opened higher, with aggressive traders nimbly positioning themselves for further short gains, after a late afternoon bounce Monday, anticipating large money managers to “mark up” equities boosting their quarter end returns. This strategy paid off nicely as the S&P future rose to 807, nearly 4% off Monday’s late afternoon low of 776. However, traders expecting prices to close near the highs were disappointed, as stocks peaked near 3pm eastern, giving up a significant portion of the day’s gains. The DJIA finished up 86.9 (+1.15%) closing at 7608.92,[More...]

Daily Report For Friday, Mar 13, 2009

Fri, 13 Mar 2009 15:55:00 GMT

(9:48am ET) Equity market prices lifted pretty much from start to finish of Thursday’s session. Retail Sales, Jobless Claims and Business Inventories and comments from Barney Frank and Tim Geithner played a role in the general bullishness. The latter made comments on the dangers of ending the mark-to-market rule and instead believe subtle changes could be made in an effort to improve it. Pfizer (PFE) made a big splash with the announcement its Phase III trial of Sutent was stopped early as the drug showed a significant benefit in patients with pancreatic cancer. At the close, the DJIA (+239.66 +3.46% to 7170.06), S&P 500 (+29.38% to 750.74) and NASDAQ (+54.46 +3.97% to 1426.10) were up sharply for the second day in the past three. The Toronto Composite (+271.25 +3.39% to 8282.27) and Venture Board (+19.52 +2.37% to 843.42) were almost as strong. The winning sector by a wide margin was[More...]

Daily Report for Thursday, Feb 26, 2009

Thu, 26 Feb 2009 15:35:00 GMT

(9:39am ET) Equity prices sold off sharply at the open and then after gaining strength all day, sold off sharply again into the close. The DJIA (-80.05 -1.09% to 7270.89); the S&P 500 (-824 -1.07% to 764.90); and the NASDAQ Composite (-16.40 -1.14% to 1425.43) closed with a loss of just over -1%. Canadian markets remained strong through the close, however. The Toronto Composite gained +72.97 +0.93% to 7932.30, and the Venture Board was up +1.38 +0.16% to 854.97. The Techs (XLK +0.9%) were the leading sector with the Semi-conductors in particular strong on the day ($SOX +3.0%), while the Banks ($BKX gained +2.4%). True to recent form, as the Banks lifted, there was a sell-off in gold, as $GOLD dropped -$3.30/oz to close at 966.20. Crude Oil ($WTIC) gained +$2.54/bbl to close at 42.50, and is a tad stronger this morning, up to 43.46 at about 8:15am ET, then softening a bit to 43.06 at 9am, still up so far on the[More...]

Daily Report For Tuesday, Feb 24, 2009

Tue, 24 Feb 2009 14:46:00 GMT

(9:39am ET) Equity prices as shown in the major market indexes are at multi-year lows and traders are in a state of capitulation. By the end of the day, Monday, the DJIA (-250.89 -3.41% to 7114.78), the S&P 500 (-26.72 -3.47% to 743.33), and NASDAQ Composite (-53.51 -3.71% to 1387.72) closed down at support levels going back to the 1990’s. The Toronto Composite (-302.32 -3.80% to 7647.67) and Venture Board (-13.96 -1.56% to 878.94) were down there as well. There were no winning sectors as Healthcare (XLV -2.0%), a major loser, was the best of the lot. Basic Materials (XLB -6.1%), pulled down by Chemicals, led to the downside. The Financials (XLF -3.5%) dropped equal to the broad indexes, and much of the loss was in the REITs ($DJR), which fell -7.8%, and not the banks. Today, JP Morgan (JPM) prudently slashed its dividend, permitting all banks to follow, without each getting hammered. That move was crucial to a base being set[More...]

AME Info, Abu Dhabi, United Arab Emirates, Real Estate Briefs - Feb 26 2009 11:05AM

Thu, 26 Feb 2009 15:00:00 GMT

Feb. 26--BAHRAIN TO ISSUE $800M IN BONDS FOR HOUSING: Bahrain's government has authorized the nation's Ministry of Housing to issue bonds worth nearly $800m to finance housing projects in Bahrain.
The country's Minister of Housing, Sheikh Ibrahim bin Khalifa Al Khalifa, said during an interview on CNBC Arabiya that financial institutions will issue the bonds in segments over the next six months.
The Ministry of Housing will use the bonds worth Bahraini Dinars 300 million to fund projects in the housing sector, the recipient of the bulk of Bahrain's capital investment budget over the next two years.

[More...]

The India Fund, Inc. Announces Earnings For The Six Months Ended June 30, 2009

Fri, 07 Aug 2009 22:47:00 GMT

The India Fund, Inc. (NYSE: IFN; the "Fund"), a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of Indian companies, today announced unaudited results for the six months ended June 30, 2009.
Net investment loss was $4,007,287.
On June 30, 2009, total net assets of the Fund were $1,003,130,137, and the net asset value ("NAV") per share was $26.07 based on 38,478,622 shares outstanding.

[More...]

Canadian World Fund Limited Reports June 30, 2009 Interim Results

Wed, 15 Jul 2009 04:47:00 GMT

Canadian World Fund Limited's (CWF) (TSX: CWF) net asset value per share return for the six months ended June 30, 2009 was 31.7%.
CWF's market return to common shareholders for the six months to June 30, 2009 was 18.0%.
North America remained the dominant portfolio segment at 56.1%, including a Canadian segment of 35.9%.

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Zacks Bull and Bear of the Day Highlights: PetMed Express, Salix Pharmaceuticals, Brasil Telecom, Campbell Soup and HDFC Bank

Wed, 22 Oct 2008 04:12:00 GMT

Zacks Equity Research highlights PetMed Express (Nasdaq: PETS) as the Bull of the Day and Salix Pharmaceuticals (Nasdaq: SLXP) as the Bear of the Day.
In addition, Zacks Equity Research provides analysis on Brasil Telecom (NYSE: BRP), Campbell Soup (NYSE: CPB) and HDFC Bank (NYSE: HDB).
Bull of the Day: PetMed Express (Nasdaq: PETS)

[More...]

Revised Analyst Reports for Atwood Oceanics Inc., Alcoa Inc., HDFC Bank Limited, and Diamond Offshore Drilling Inc.

Fri, 08 Aug 2008 17:02:00 GMT

MaybachFinancial.com is one of the fastest growing independent and unbiased research firms in the world.
Investors seeking genuine analyst opinions on their investments for Atwood Oceanics Inc. (NYSE: ATW), Alcoa Inc. (NYSE: AA), HDFC Bank Limited (NYSE: HDB), and Diamond Offshore Drilling Inc. (NYSE: DO) should take this opportunity to get free in-depth research by signing up for a free membership at www.maybachfinancial.com.
Margin changes, specifically operating, gross, and then net -- Pace and quality of top line growth -- Ability to generate cash -- Pace and quality of the bottom line growth -- Market share gains -- Innovation/pipeline -- Corporate governance -- Management's ability to operate in unfavorable environments -- Ability of management to control acquisitive growth and achieve accretive results

[More...]

India's HDFC Bank Renews Contract with NCR to Manage 2,000 ATMs; Places Order for 300 New ATMs

Tue, 27 May 2008 16:56:00 GMT

NCR Corporation (NYSE: NCR) today announced the renewal of its automated teller machine (ATM) Managed Services contract with HDFC Bank, Ltd (NYSE: HDB), headquartered in Mumbai, India. The new 42-month deal taps NCR to oversee more than 2,000 NCR and non-NCR ATMs for the bank and expands on a prior three-year Managed Services contract. HDFC also has signed an additional order for 300 new ATMs. This order is in line with HDFC Bank’s expansion strategy in India.[More...]

: iStockAnalyst.com Symbols Feed

HDFC Bank's Earnings Propel 30% (HDB)

Indian Budget Disappoints Market

More Gaps To Fill

Non-U.S. Banks - May 13 2009 9:38AM

Market Report For Friday: Apr 17, 2009

Daily Report For Tuesday, Apr 14, 2009

Daily Report For Wednesday, Apr 1, 2009

Daily Report For Friday, Mar 13, 2009

Daily Report for Thursday, Feb 26, 2009

Daily Report For Tuesday, Feb 24, 2009

AME Info, Abu Dhabi, United Arab Emirates, Real Estate Briefs - Feb 26 2009 11:05AM

The India Fund, Inc. Announces Earnings For The Six Months Ended June 30, 2009

Canadian World Fund Limited Reports June 30, 2009 Interim Results

Zacks Bull and Bear of the Day Highlights: PetMed Express, Salix Pharmaceuticals, Brasil Telecom, Campbell Soup and HDFC Bank

*Revised* Analyst Reports for Atwood Oceanics Inc., Alcoa Inc., HDFC Bank Limited, and Diamond Offshore Drilling Inc.

India's HDFC Bank Renews Contract with NCR to Manage 2,000 ATMs; Places Order for 300 New ATMs

Revised Analyst Reports for Atwood Oceanics Inc., Alcoa Inc., HDFC Bank Limited, and Diamond Offshore Drilling Inc.