tag:blogger.com,1999:blog-198780592007-02-26T00:45:44.126-08:00Investing in the India through Indian ADRs (American Depository Receipts)Sanjay John G.Blogger511tag:blogger.com,1999:blog-19878059.post-40509893242865137502007-02-26T00:45:00.000-08:002007-02-26T00:45:44.298-08:00New posts on my site SanjayJohn.comHi People,
From now on I will post all my investing ideas on SanjayJohn.com. Please access future blog posts from there.
They will have labels to sort out the various categories of interest to you.
SanjaySanjay John G.tag:blogger.com,1999:blog-19878059.post-1168561327880668072007-01-11T16:21:00.000-08:002007-01-30T05:37:26.173-08:00NYSE and 3 other banks bought 20% of India's leading stock exchange.NYSE and 3 other banks bought 20% of India's leading stock exchange. They valued the exchange at $2B. THIS IS VERY SIGNIFICANT NEWS. India is now a developed market with this buy (it is still a developing country) and chances of Government doing somethings stupid to derail privatization are significantly less. The Indian Market will rally VERY VERY HARD on this news this year IMO. INP Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1162246361178579642006-10-30T14:08:00.000-08:002007-01-26T09:29:20.976-08:00ICICI Bank (NYSE:IBN) declares Smashing Results-Plans to be a Global TitanICICI bank declared that profits were up 30% Y o Y in it's quarter ending Sep 30, 2007. The bank also raised $400 M in bonds, which will be used for International Expansion.
This is great news. Indian companies are becoming global players more and more and if ICICI can prove to be their bank of choice for international financing deals we have another HSBC or Citibank in the making here.
Plus Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1154105424817232162006-07-28T09:48:00.000-07:002007-01-11T11:50:44.986-08:00Test Post-Problems in PostingProblems in Publishing posts.
Previous Posts are Okay. Sorry for the inconvenience.
-Sanjay John G.Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1167211476085305182006-12-27T01:16:00.000-08:002006-12-27T01:24:36.100-08:00Barclays INP-great way to Play IndiaBarclays newly launched ETN, symbol INP, is an excellent solution for people who have been wanting to play India but didn't want to buy ADRs trading in the US because of their premiums over domestic shares, and closed end funds like IIF and IFN being poor performers because of excessive management fees (2%!) and hefty taxable dividends (the fund manager having a field day churning...).
INP is anSanjay John G.tag:blogger.com,1999:blog-19878059.post-1166573698917990972006-12-19T16:11:00.000-08:002006-12-19T21:36:44.886-08:00Barclays to Launch India ETN tomorrowBarclays will launch the much anticipated Indian ETN (Exchange Traded Note) tomorrow, 20 Dec. The ETN will track the MSCI Barra Indian Index, which comprises 68 stocks and represents 85% of the market cap of Indian Stocks.
An ETN is a very innovative product-tries to defer gains until the note matures or you sell it. Compare it to ETFs, which give you dividends and sometimes capital gains and Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1165101705959396762006-12-02T14:52:00.000-08:002006-12-02T15:21:46.016-08:00Is ICICI Bank (NYSE: IBN) a Citibank and HSBC killer in the making?You have all seen the outsourcing boom taking thousands of jobs to India and the emergence of Infosys, Wipro, Tata Consulting Services, and Satyam as global powerhouses. Infosys with a market cap of $30B is not a small fish anymore-it is one of the major global software players now.
Those of you who are following the ICICI story can't be amazed at what this bank is doing not just in India, but Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1163763636116649212006-11-17T03:33:00.000-08:002006-11-17T03:43:16.246-08:00Massive move my ICICI (NYSE:IBN) and HDFC (NYSE:HDB) stocksThe bank stocks have taken off. Both HDB and IBN are trading at all time highs. Investors worldwide are realizing the way these bank shares can be used to play the India Inc. story.
Economically, India is where China was 10 years ago. The GDP per capita number can be used to say that-Indian GDP per capita in 2006 is about where the Chinese GDP per capita was 10 years ago. The next decade will beSanjay John G.tag:blogger.com,1999:blog-19878059.post-1161675127784097602006-10-24T00:22:00.000-07:002006-10-24T00:32:07.786-07:00IBN, HDB should Draw Strong Interest from China's ICBC ListingThe Indian Blue chip banks, IBN and HDB on NYSE, should draw strong interest from the coming launch (IPO) of China's biggest Bank on the Hong Kong Stock Exchange. The offering is estimated to be $19B, making it the world's largest offering EVER. See more on the ICBC offering here.
ICBC is China's biggest bank, and assuming a successful offering (the other two banks which IPOed on Hong Kong StockSanjay John G.tag:blogger.com,1999:blog-19878059.post-1160677333362463522006-10-12T11:19:00.000-07:002006-10-12T11:22:13.373-07:00Change in CharterConsidering that the Indian Internet sector is relatively small, I have decided to change the charter of this blog a little. It will now deal with Indian Stock Market in general, with an emphasis on Indian stocks trading as ADRs, to be fair to the global investor.
IBN, HDB are the two biggest private banks in India, and are trading close to their all time highs. The Bull market of India is Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1159666847451957682006-09-30T18:37:00.000-07:002006-09-30T18:40:47.460-07:00Indian Banks IBN and HDBIndia's top two private banks-ICICI and HDFC Bank have shown a strong rebound. These are the Citibanks and Bank of America of India; investing in these is essentially a direct bet on the Indian economy. As Citibank and BoA shares appreciated significantly during the great bull run of the US in the 1990s, the Indian Banks should do well in the years to come.
BTW, came across an interesting Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1159050886794050182006-09-23T15:30:00.000-07:002006-09-23T15:34:46.803-07:00US Internets in Free FallYahoo rattled US Internet sector investors by an earnings warning. Is the 800 pound Gorilla of the Internet losing steam?
Upstarts like mypace.com, facebook.com and youtube.com are taking away eyeballs from the Yahoo and AOL guys. The web is a constantly evolving entity-Remember that Google didn't even exist 10 years ago, and today is a $125B company.
What implications does this have for theSanjay John G.tag:blogger.com,1999:blog-19878059.post-1157490488000395682006-09-05T14:01:00.000-07:002006-09-05T14:08:11.653-07:00REDF and SIFY follow the US Internet stocksREDF and SIFY often trade in good correlation with the US Internet stocks. Part of it is because sectors do trade together worldwide; another part is that the major investors in these stocks are US based and often are affected by the moves at home (in the US)-they tend to dump their Internet holdings of India together with their Internet holdings of the US.
The markets are fairly different. US Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1157490421013611742006-09-05T14:01:00.000-07:002006-09-05T14:07:09.773-07:00REDF and SIFY follow the US Internet stocksREDF and SIFY often trade in good correlation with the US Internet stocks. Part of it is because sectors do trade together worldwide; another part is that the major investors in these stocks are US based and often are affected by the moves at home (in the US)-they tend to dump their Internet holdings of India together with their Internet holdings of the US.
The markets are fairly different. US Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1157490388414468362006-09-05T14:01:00.000-07:002006-09-05T14:06:46.676-07:00REDF and SIFY follow the US Internet stocksREDF and SIFY often trade in good correlation with the US Internet stocks. Part of it is because sectors do trade together worldwide; another part is that the major investors in these stocks are US based and often are affected by the moves at home (in the US)-they tend to dump their Internet holdings of India together with their Internet holdings of the US.
The markets are fairly different. US Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1156280474641512802006-08-22T13:53:00.000-07:002006-08-22T14:01:14.683-07:00Internet Stocks Worldwide in Collapse Mode-Recovering nowInternet Stocks in the World have had a rough time in the recent months, and this year in general. The big stocks like YHOO, EBAY and AMZN are down 40-50% since the beginning of the year. The Indian Internets, SIFY and REDF, correlate pretty well with YHOO, EBAY and AMZN (an ETF which has all three is HHH, in other words, SIFY and REDF correlate well with HHH). Since HHH has had the life sucked Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1152564468500785532006-07-10T13:31:00.000-07:002006-07-10T13:55:52.850-07:00SIFY's mumbailive.in Is Disappointing!SIFY launched it's local portal for Mumbai (http://www.mumbailive.in) a couple of weeks ago. I have been testing the portal (am in Mumbai right now for my traditional summer trip, escaping from the winter in South America) and am pretty disappointed by it.
The portal is way too graphic intensive. The information part is hard to get to-and a user like me, who prefers Firefox to Internet Explorer,Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1151649882016241362006-06-29T23:33:00.000-07:002006-06-29T23:44:42.026-07:00Corporate Governance and Major Trends in India and Indian StocksCorporate Governance, or the lack of it, are important factors when evaluating the risk of emerging market investing. Indians historically have had very poor monitoring of the corporations by SEBI, the Securities and Exchange Board of India, the capital markets regulator of India (like the SEC, Securities and Exchange Commission, of the United States). However, things are changing, and they are Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1150349685757689482006-06-14T22:26:00.000-07:002006-06-14T22:34:45.770-07:00Indian Stocks are a BUY Now; The Fundamentals are in Place!I write this blog from India, where I have come to spend my traditional winter time (home base is South America since the last few years).
This country is firing on all cylinders. I got the Internet and telephone fixed within 24 hours. They Phone companies guarantee installation of a new phone line within 2 hours. An existing line will be repaired within 24 hours; if not, they will credit you Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1149281703895330292006-06-02T13:47:00.000-07:002006-06-02T13:55:03.906-07:00Can Rediff and Sify take on Google India and Yahoo India?The duo of REDF and SIFY has seen a bit of a sell-off lately-the serious investor in these stocks is always thinking: is the fundamental story still in tact? Yahoo India is heavily advertising it's site in India, and can Rediff.com and Sify.com take on these deep pocketed rivals like Google India and Yahoo India?
The answer: We don't know.
As a speculator (investor is the term used to define Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1147984223976591162006-05-18T13:21:00.000-07:002006-05-18T13:30:23.996-07:00REDF Reports Quarterly Results-The Glass is Half Full, or Half Empty?Rediff reported their quarterly results for quarter ending March 31. The stock got thrashed on the news, closing down 15%.
India online revenues grew by 69% to $3.57M. The net income was about $0.5M, or $0.02 per share. Registered users increased 20% to 43M. See full story here.
Investors obviously are fretting about the slower growth of India Online Revenues. Previous quarters have shown Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1147560445688617032006-05-13T15:32:00.000-07:002006-05-13T15:47:31.123-07:00The Search Business-Strategies for Indian Internet Companies like SIFY and REDFSearch is big money.
Google is a $120B dollar company basically because of it's search strongarm. Microsoft and Yahoo are behind, but are investing heavily to catch up with GOOG in this very lucrative business. Microsoft recently announced a capex increase of $2B for the coming year; most of it will probably go towards improving MSN.com search and the launch of their ad platform-Adcenter. GoogleSanjay John G.tag:blogger.com,1999:blog-19878059.post-1146975523021454652006-05-06T21:15:00.000-07:002006-05-06T21:19:32.930-07:00REDF and SIFY Jump on Friday on "No News"When stocks are oversold, they will bounce back on no reason at all.
There was a mention in smartmoney.com about the power of these companies. And the stocks ran up more than 7% each on Friday! Assuming you are a REDF and SIFY bull, you could see that both stocks were oversold lately, especially REDF. The fundamentals remain strong-Indian internet sector hasn't had any negative developments Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1146169496206933872006-04-27T13:18:00.000-07:002006-04-27T13:26:05.043-07:00Online Gaming at Sify iWays Grows 100%SIFY today came out with a release stating that Online Gaming in Iways grew up 100% in a year. The number of PCs at these cafes for online games doubled to 6000 during this period. See full story here.
Gaming is big money. See the Chinese netizens; so much time kids (and adults!) spend on games that their effect on the bottom line for any company can be quite significant. Did you know that Sanjay John G.tag:blogger.com,1999:blog-19878059.post-1145316035392881212006-04-17T16:07:00.000-07:002006-04-17T16:21:03.870-07:00Infosys (INFY) Reports Stellar Results; Indian Stocks RallyInfosys (INFY), the darling of the Indian Techs, reported a stellar quarter with a 20% rise in earnings on a 30% increase in revenues from the comparable quarter last year. Earnings came in at $152M, and revenue were $592M. Quoting from the Company's press release: "It took us 23 years to reach the first billion dollars in revenues while we reached the next billion dollars in 23 months," the Sanjay John G.