EM Fund Stock Recommendations and Country Commentary (June 16, 2024)
As of mid-June, more May information materials have been made available, starting with several new pieces that digest recent insights. indian elections:
🇮🇳 Mobius Capital Partners Here’s this piece: What does India’s surprising election result mean for investors?
🇮🇳 Robeco This part relates to what was said in the interview. Last week’s post: Domestic flows support stock valuations in India – India’s valuation premium to the MSCI Emerging Markets (EM) Index is being sustained by domestic investor inflows, and this trend could continue as long as economic fundamentals remain positive. India’s savings pool is increasingly invested in domestic equities… India dominates global and EM benchmarks after Corona… Domestic investors prefer small and mid-cap stocks
🇮🇳 this HSBC AM This article covers the impact on the stock market for each major topic. 2024 Indian Elections – Market Impact – Although the current political coalition won the recent general election in India, the competition between Prime Minister Modi’s party was much fiercer than expected. As things continue to calm down, questions remain about how the election results will affect the future political stability and policy outlook of the world’s largest democracy. Find out how we expect this situation to unfold here.
🇮🇳 Amundi Here’s this piece: Election Results and Economic Impact in India: One) What is the outline of the Indian general elections? 2) What should we expect from the next government’s political agenda? three) How will the markets react to Modi’s reduced majority? 4) What is our current view on the Indian economy and its future macroeconomic outlook? Are there any risks investors should be aware of? 5) Where do you see opportunities for foreign investors? 6) What does the inclusion of Indian bonds in the benchmark mean for the Indian market?
📈🇮🇳 van eck There is an article about large corporations. Reliance Industries Limited (NSE: trust / spring: 500325) and privately owned banks. ICICI Bank (NYSE: IBN) and HDFC Bank (NYSE: HDB): Significant progress in India’s infrastructure – Angus Shillington recently sat down with Barron’s to discuss why infrastructure is key to Prime Minister Modi’s ambitions to make India a global manufacturing center.
📈🇮🇳 In my previous article, I mentioned a recent Barron’s article covering the above stocks. Adani Green Energy (NSE: Adani Green / spring: 541450)Engineering and Construction Stocks Larson & Toubrow (L&T) (NSE: L.T. / spring: 500510), Indian Railway Finance Corporation (NSE: IRFC / spring: 543257), Siemens Corporation (NSE: siemens / spring: siemens) & ABB India (NSE: abb / spring: 500002) (Indian subsidiary of a European multinational), a state-owned energy supplier. Indian Power Grid Corporation (NSE: power grid / spring: 532898) & NTPC Corporation (NSE: NTPC / spring: 532555) (formerly National Thermal Power) and Ultratech Cement (NSE: Ultra Semico / spring: 532538 /OTCMKTS: UCLQF):
India is building more roads and railways. Buy 7 stocks. 🗃️ – Infrastructure is central to the Prime Minister’s ambition to make India a global manufacturing centre.
