Jpmorgan Indian Investment Share Discussion Threads

[tenapen] 25/6/2009 17:24

India Undertakes Ambitious ID Card Project


By VIKAS BAJAJ
Published: June 25, 2009

MUMBAI, India - One of India's most successful technology entrepreneurs was tapped by the government on Thursday to head an ambitious project to give every citizen an identification card within three years.
Cont ...

[binladin] 22/6/2009 11:52

jii will out perforn the sector and should go to 350p as a trading buy............

[tenapen] 18/6/2009 20:08

NEW DELHI (AFP) -- French tire maker Michelin SA (ML.FR), which has announced plans to shed nearly 1,100 jobs in France, may invest more than 1 billion euros ($1.39 billion) over 10 years in a factory in India, an Indian newspaper reported Thursday.

[binladin] 18/6/2009 15:04

jii to rally 2morrow dow up 100 points.

[tenapen] 03/6/2009 07:05

By Leonora Walters

Although stock markets in India have rallied strongly since the conclusion of elections in May, in the short term these could consolidate at current levels ahead of the announcement a the new cabinet, reports JPMorgan Indian Investment Trust.


However, it suggests that valuations in this country of around fifteen times consensus 2010 earnings remain attractive on a long term perspective, in particular because economic activity looks likely to trough soon – if it has not already.

Indian markets faced a difficult period over the six months to 31 March and this was reflected in JPMorgan Indian Investment Trust's performance over this period, as reported in its half year results on last Friday. The company's net asset value (NAV) fell 14.5 per cent, while the MSCI India Index fell 14.1 per cent in Sterling terms.

The recent market rally is reflected over the short term with the investment trust making NAV returns of 19 per cent over one month, and 43 per cent over three and six months, against 7, 38 and 33 per cent for the MSCI AC Asia Pacific ex-Japan Index, according to WINS data as of 2 June.

The trust's share price returned 20 per cent over one month, and 60 per cent over three and six months, so that it currently runs on a 0.8 per cent premium to NAV, as oppose to a historic discount of -5.3 per cent.

The trust is also optimistic on political stability as the Congress Party has won a large enough majority to last for a five year term.

In any case market participants have been generally bullish on India over the longer term – and before the election result.

Meanwhile Sukumar Rajah, chief investment officer of equities at Franklin Templeton India, who advises the Luxembourg domiciled open-ended Franklin India Fund, is optimistic about sectors including healthcare, consumer staples and financial services. A consumer market report on India published by McKinsey in 2007 projected that household consumption would triple over the next 16 years.

Mark Dampier, head of research at Hargreaves Lansdown, believes that the long-term demographics for India are better than those for China. But he also notes that at present the Indian stock market is still relatively closed.

He adds that stock markets do not necessarily reflect the growth of an underlying economy – a reason to buy diversified global emerging markets funds rather than trackers such as exchange traded funds (ETFs).


To comment on this article please contact :

[tuckswood8] 20/5/2009 11:04

Link for subscription share conversion terms:

[asmodeus] 20/5/2009 08:43

Does anybody know the correct terms of the subscription shares? (I'm sure above is not correct) (Perhaps you mean the sub. shares enable you to buy the ords at 2.27? And the date is 2014, not 2010)

[saltaire111] 19/5/2009 20:56

Carterit - what do you mean when you say "even better with having the option to buy subscription shares at 2.27 anytime before 2010?

[carterit] 18/5/2009 13:40

Oh nice one.Even better with having the option to buy the subscription shares at about 2.27 anytime before Jan 2010.

[carterit] 18/5/2009 13:40

Oh nice one.Even better with having the option to buy the subscription shares at about 2.27 anytime before Jan 2010.

[hectorp] 18/5/2009 13:08

Aggh! and I missed that.. no staying power with JII, I closed at 200'ish.

- ben, on that Island, you wont be able to spend any... ( get it?)

[ben gunn] 18/5/2009 11:52

My stock goes:
boom di-di
boom di-di
boom di-di
boom di-di
boom di-di
boom di-di
boom- boom
boom- boom
boom......

Goodness gracious me!

[tarvold] 18/5/2009 10:23

Indian market rose 17% today.

[tenapen] 16/5/2009 11:04

India's Ruling Congress Alliance Sweeps To Victory In Election
Date : 16/05/2009 @ 10:12
Source : Dow Jones News

-------------------------------------

A positive for Indian shares / Funds next week !

[arja] 17/4/2009 09:41

tuckswood8,
thanks for link you gave me a while back . Sorry I overlooked to thank you .

[greenpastures] 09/3/2009 18:52

Yes, Hectorp but it shares a border with India.

[hectorp] 03/3/2009 08:39

NAV rose a penny on the week. Look at India's relatively defensive qualities when the US is plummeting. I suspect many European and US investors are switching into India and China.
- well they may be
H.

[hectorp] 03/3/2009 08:35

Hi James
Up 5p today, I'm adding a few here.

[james111] 05/2/2009 10:30

watching and waiting!!

[hectorp] 04/2/2009 19:13

watch resistance here on the chart ( above).
I suspect India is gonna break out big time with China. Maybe too optimistic, but..

[hectorp] 12/12/2008 10:32

P/E around 10, yes, and I believe property prices are buoyant, compared to the 'West' or Europe. I bought UCP yesterday, Indian property play. Its Cash alone is twice the market cap value.

[martinc] 30/11/2008 10:40

I think the Indian government has about 20 parties in it - that probably leaves them incapable of making big decisions.. whether that's a good thing or a bad thing is another question.