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Analyst meeting notes - Transport Corporation of India
13 June 2008, BRIC, India Keynote Capitals presents notes on the recent analyst meeting of Transport Corporation of India Ltd., India’s leading multimodal integrated supply chain solutions provider with a market cap of Rs584Cr ($136mn). Company report: Temptation Foods 6 June 2008, BRIC, India Keynote Capitals presents report on Temptation Foods Ltd., Indian fruits and vegetables (F&V) processing company. Analyst meet notes - Provogue India Ltd. 6 May 2008, BRIC, India Keynote Capitals presents notes on the recent analyst meeting of Provogue India. Provogue’s subsidiary Prozone Liberty International will develop a number of commercial properties including malls over the next few years. Q4FY08 Analyst Meet Notes - India Infoline 30 April 2008, BRIC, India Keynote Capitals presents notes on the recent analyst meeting of India Infoline Ltd. for discussing Q4FY08 results. Indian stock market: Safe Bets in a Volatile Market 23 April 2008, BRIC, India India’s benchmark index, the Sensex has corrected by 18.5% since January 10, 2008, when it closed at an all-time high of 20,582 (21,206, intra-day). Q4FY08 Analyst Meet Notes - Power Finance Corporation 21 April 2008, BRIC, India Keynote Capitals presents notes on the recent analyst meeting of Power Finance Corporation Ltd. (PFCL) in connection with Q4 FY08 results. Q4FY08 Concall Notes - Yes Bank 11 April 2008, BRIC, India Keynote Capitals presents notes on the Q4 results con-call of Yes Bank Ltd. (market cap $1.19bn) Indian Infrastructure Sector Companies review by Keynote Capitals 3 April 2008, BRIC, India The Indian economy is cruising at great speed to become one of the biggest economies in the world. The economy saw a robust growth during the last three years, with GDP growth of 7.4% (FY05), 9% (FY06) and 9.4% (FY07). While the growth momentum is likely to taper off over the next few years, GDP growth is still likely to be in the region of 7-7.5% over the next few years. We however expect huge investment flows to continue entering some sectors, which will likely outperform the GDP growth trend. We believe Infrastructure would be among the key sectors in terms of contribution to the economy as a whole, going forward. Analyst meeting notes - ETC Networks 31 March 2008, BRIC, India Notes on the recent analyst meet of ETC Networks Ltd. (ENL) in connection with the merger of the company with Zee Interactive Learning Systems Ltd. (ZILSL) and its relisting. Pyramid Saimira Theatre Ltd. has formed a joint venture with CSMRB. Keynote Capitals Research. 24 March 2008, BRIC, India Pyramid Saimira Theatre Ltd. has formed a joint venture with China Society of Music Research Board (CSMRB), Ministry of Culture, Government of China. The JV, named Jiangsu Pyramid Longzhe Group, will operate theatres, distribute films and engage in other entertainment, arts and cultural activities in China. Orchid Chemicals Q3FY08 Results Update 8 February 2008, BRIC, India The company recorded 39.4% revenue growth and 91.1% earnings growth in Q3FY08. The robust earnings growth is in spite of lower EBITDA margin (down 170 bps y-o-y, from 31.2% to 29.5%). Margin impact is due to high raw material prices and escalating staff costs. C&C Construction Ltd. - Concall Notes - Q2-FY08 Results 5 February 2008, BRIC, India C&C Construction Ltd. provides EPC for infrastructure projects in India and Afghanistan. Its expertise is primarily in transportation engineering projects including roads, bridges, flyovers and airport runways. It has executed infrastructure projects both independently and through joint ventures. Currently roads dominate the revenue mix of the company. VTB decided to increase dividends 13 December 2007, BRIC, Russia VTB chairman Andrey Kostin announced that bank decided to spend up to 40% of its 2007 year profit for dividends. Lukoil published results for the 3rd quarter and first 9 months of 2007 13 December 2007, BRIC, Russia On Wednesday Lukoil, Russia's second largest oil company, published results for 3rd quarter and first 9 months of 2007. Renault bought 25% stake in AVTOVAZ 10 December 2007, BRIC, Russia French car maker Renault decided to buy 25% of Russia's biggest auto maker, AvtoVAZ, aiming to revive the faded Lada brand and strengthen its hold on what will soon be Europe's largest car market. Sergey Chemezov, Head of Russian Technologies, Chairman of the Board of AvtoVAZ, Serguei Skvortsov, President of Troika Capital Partners and Carlos Ghosn, President and CEO of Renault signed an MOU on 8th December in Togliatti, aimed at giving Renault a 25% stake in AvtoVaz as a strategic partner. VTB reports high net profit 10 December 2007, BRIC, Russia According to preliminary data, VTB Bank's net profit under IFRS grew 28.8% to $1.051 billion during the first nine months of 2007 compared to the $816 million posted for the same period a year earlier, the Russian bank announced in a press release today. Nokia's operating margin will raise to 17% over the next to two years 5 December 2007, Europe Nokia said its group announced margin was expected to be 17% in the next one to two years, compared to 15% in 2006. The group's core mobile manufacturing business is expected to have a 20% operating margin in the next two years, compared to the 19% achieved on a pro forma basis during the first three quarters of 2007. Freddie Mac reported net loss of $2 billion in 3rd quarter 21 November 2007, USA Freddie Mac, the U.S. second-biggest mortgage finance company, reported a net loss of $2 billion in the third quarter ($3.29 loss per share). This loss was about three times analysts' expectations, and nearly triple its loss of $1.17 a share for the same quarter last year. Religare Enterprises soars 182% on debut 21 November 2007, BRIC, India Religare Enterprises Limited (REL), the Indian financial services company, made its debut on the Bombay Stock Exchange (BSE) today. The stock listed at Rs 323 against the IPO price of Rs 185, which means 75% premium. It closed with a premium of Rs 337, or 182%, at Rs 521.70. Dexia 3rd quarter profit falls 28% 19 November 2007, Europe Dexia SA, the Belgian financial services company, reported 28% drop in 3rd quater net profit. Net profit dropped to 439 million euros (which is 16% below analysts forecast) from 612 million euros in the same period a year earlier due to writedowns at Dexia's U.S. bond insurance unit. Jaiprakash Associates jumped 13.11% on brokerage upgrade 19 November 2007, BRIC, India Jaiprakash Associates Ltd. (JAL) shares jumped 13.11% to Rs. 1720 at the Bombay Stock Exchange after Merrill Lynch upgraded the company’s price target to Rs. 1800. Microsoft reports 23% profit growth for the quarter ended September 30, 2007 26 October 2007, USA Microsoft announced 23% profit growth and 27% revenue increase for the quarter ended September 30, 2007, beating expectations of Wall Street analysts. Tha company said the profit for the period ended 30 Sept. 2007 rose to $4,29 billion (45 cents a share) from $3,48 billion (35 cents a share) in the same period a year earlier. The revenue rose to $13,76 billion from $10,8 billion. Countrywide posts $1.2 billion loss, but stocks jump on improving outlook 26 October 2007, USA Countrywide Financial Corp., the largest U.S. mortgage lender, reported a $1.2 billion ($2,85 per share) third-quarter loss. But after the company said it's recovering from the ill effects of the credit crunch and expects to see profits in the fourth quarter and next year, Countrywide's shares raised 32.3%. X5 Retail Group announces that it does not now expect to undertake SPO this year 25 September 2007, BRIC, Russia X5 Retail Group has postponed issuing $1 billion in additional shares this year. Goldman Sachs profits jump 79% 21 September 2007, USA Goldman Sachs has reported quarterly profits up 79% as revenue from investment banking and trading increased despite turbulent summer markets. Goldman’s net income rose 79 percent in the third quarter to $2.85 billion from $1.59 billion last year, their statement said. Morgan Stanley profit falls 17% 20 September 2007, USA Morgan Stanley, the world’s second-biggest securities firm, said Wednesday that third-quarter profit sank nearly 17 percent, as the nation’s second-largest investment bank was forced to write down nearly $940 million worth of loans amid the summer’s global credit crisis. On first day of trading Bank of Beijing stock rises 81% 20 September 2007, BRIC, China Shares in Bank of Beijing almost doubled in their debut on Wednesday. The stock rose 81 percent to close at 22.68 yuan from the offer price of 12.50 yuan, valuing the biggest Chinese city bank at 141 billion yuan, or $18.8 billion. UTair Aviation shows strong growth 19 September 2007, BRIC, Russia During January-July 2007, the company carried 1,593,598 passengers, up 20.8 percent from the same period in 2006. In the same period, mail and cargo volume carried by the airline’s transport aircraft went up by 57.6 percent and 31.3 percent respectively. Sibirtelecom is one of the most perspective telecom operators 19 September 2007, BRIC, Russia Sibirtelecom is the leading fixed-line telecommunications service provider in the Siberian region of Russia. Company operates in Siberia (30% of Russia’s territory and 14% of Russia’s population). Lehman Brothers reported earnings that beat analysts’ estimates 19 September 2007, USA The nation’s fourth largest brokerage firm, Lehman Brothers Holdings Inc. has reported net income of $887m for Q3 - a decrease of 3% from $912m achieved in the same period in 2006. Net income for Q2 2007 was $1.3bn. Countrywide jumped 8% on Bank of America Stock Purchase 24 August 2007, USA Bank of America has made a solid investment in the largest USA mortgage lender Countrywide Financial. BofA paid $2 billion for preferred shares in Countrywide, which may be converted into common stock for $18 a share and would amount to a 16% stake in Countrywide. African Bank Investments Ltd makes bid for Ellerines 22 August 2007, Other markets, South Africa South African furniture retailer Ellerines shares jumped over 20 percent on Tuesday after the firm said the country’s biggest mass-market lender, African Bank Investments Limited (ABIL), was planning a 9.85 billion rand ($1.33 billion) buyout bid. Another victim of mortgage crisis 17 August 2007, USA KKR Financial has sold around $5.1 billion of residential mortgage loans for a net loss of around $40 million. After the sale, the company owns around $5.8 billion of mortgage loans, primarily in the form of residential mortgage-backed securities. Apple reports 70% profit growth 29 July 2007, USA People may go crazy over the iPhone, but Apple gets the most of it’s earnings from Macintosh PC and iPod sales. Company surprised investors by announcing it had a profit of $818 million on revenue of $5.41 billion for its fiscal third-quarter ending June 30, compared to revenue of $4.37 billion and net profit of $472 million in the same quarter a year ago. |
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