article 1
What this means that there is clear trouble in coming times for real estate companies..
Housing in US crashed, Dubai real estate problems appeared, so there are bound to be similar instances in India.
Another article tells that there is some source of fund flow for real estate, which may prove to be their lifeline if things turn out as pointed out by first article.
Thursday, November 26, 2009
Tuesday, November 24, 2009
Monday, November 23, 2009
foreign money to further fuel the boom in india, asia.
Read this article
It means sensex, commodities, gold and reality prices are going to go up further in 2010. Cash will not be a king, although we have just come out of liquidity crunch
It means sensex, commodities, gold and reality prices are going to go up further in 2010. Cash will not be a king, although we have just come out of liquidity crunch
Thursday, November 19, 2009
correction may come in India in next quarter: Morgan Stanley
original article
highlights of the article:
On returns from indian markets:
we actually took some money from our India overweight to put more into China and that's partly thinking about relative valuations and also thinking about this rate hike in process. We expect Indian rates to start to go up in January, and India's economic performance is very strong off the bottom but probably underlying inflationary pressures are somewhat higher than in China.
"over the whole of calendar year 2010 from current levels, we are expecting a 20% or so return . India still is an overweight for us, great industrial production numbers, corporate earnings coming through if anything better than expected"
If you look at the analog for 2004, you got a correction around the time the Fed language changed and certainly you could see that with these hikes I talked about in India, probably Korea, Brazil and Taiwan as well all in Q1, you could get a correction
highlights of the article:
On returns from indian markets:
we actually took some money from our India overweight to put more into China and that's partly thinking about relative valuations and also thinking about this rate hike in process. We expect Indian rates to start to go up in January, and India's economic performance is very strong off the bottom but probably underlying inflationary pressures are somewhat higher than in China.
"over the whole of calendar year 2010 from current levels, we are expecting a 20% or so return . India still is an overweight for us, great industrial production numbers, corporate earnings coming through if anything better than expected"
If you look at the analog for 2004, you got a correction around the time the Fed language changed and certainly you could see that with these hikes I talked about in India, probably Korea, Brazil and Taiwan as well all in Q1, you could get a correction
outlook for next year
original article by MD of Morgan stanely
Here are some of the highlights of this article:
Any exit from the central bank in India ahead from exits from central banks elsewhere in the world will put upward pressure on the rupee. That has implications on how you make your portfolio picks.
Clearly, domestic stores would outperform exporters because of this situation, which we are running into as we go into 2010
The banks would be the probably best performing stocks in the first half of next year and on a relative basis they may offer much better returns to investors than software services companies.
We will start flirting with the 2008 high sometime in 2010.
The number that I shared with the earnings growth is really the broader market earnings growth, which we are looking at around which is 25%. It’s not the Sensex earnings number, so the broader market, which is actually cheaper than the Sensex and has faster earnings growth prospects, will stand to outperform in my view in 2010.
My head tell me that this is it, 2010 make your money and go home. But my heart tells me that India is on a breakout path. India is at an inflexion point in terms of growth. We have a population that’s getting younger. We have a massive influx to our workforce that is going to happen over the next five-years. These are precisely the factors that create a bull market.
So even while the globe is not supportive and that is why all these people that you mentioned who are not confident about this not being the next bull market – they are looking at the world and saying this is not the environment in which equities do well. India is clearly standing out. The idiosyncratic factors driving India are pretty much in place. So, there is a case for a bull market in India whereas its not there globally
Here are some of the highlights of this article:
Any exit from the central bank in India ahead from exits from central banks elsewhere in the world will put upward pressure on the rupee. That has implications on how you make your portfolio picks.
Clearly, domestic stores would outperform exporters because of this situation, which we are running into as we go into 2010
The banks would be the probably best performing stocks in the first half of next year and on a relative basis they may offer much better returns to investors than software services companies.
We will start flirting with the 2008 high sometime in 2010.
The number that I shared with the earnings growth is really the broader market earnings growth, which we are looking at around which is 25%. It’s not the Sensex earnings number, so the broader market, which is actually cheaper than the Sensex and has faster earnings growth prospects, will stand to outperform in my view in 2010.
My head tell me that this is it, 2010 make your money and go home. But my heart tells me that India is on a breakout path. India is at an inflexion point in terms of growth. We have a population that’s getting younger. We have a massive influx to our workforce that is going to happen over the next five-years. These are precisely the factors that create a bull market.
So even while the globe is not supportive and that is why all these people that you mentioned who are not confident about this not being the next bull market – they are looking at the world and saying this is not the environment in which equities do well. India is clearly standing out. The idiosyncratic factors driving India are pretty much in place. So, there is a case for a bull market in India whereas its not there globally
Tuesday, November 17, 2009
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