Sunday, 1 May 2016

{LONGTERMINVESTORS} INDIA DAYBOOK: Manufacturing PMI, HDFC, Ujjivan IPO, Diesel Cars

 


Today: Nikkei India Manufacturing PMI; Housing Development Finance Corp., L&T Finance Holdings are among cos. to announce earnings. (Please click here to subscribe to India Daybook) WHAT TO WATCH:

  • India top court extends diesel car registration ban in Delhi
  • Vodafone said to pick banks for $3 billion IPO of India Unit
  • India's Telecom Comm. recommends auction price for spectrum
  • Forex reserves +$1.4b to $361.6b in week to April 22: RBI
  • Iran in talks w/ Intl Aluminum Cos. to boost output: Minister
  • Indian Oil raises gasoline price by INR1.06/ltr, diesel by 2.94
  • India approves early retirement plan for some MTNL employees
  • Global funds -2.05bln rupees of local stocks; domestic funds +281.3m rupees on April 29: Provisional data

MEDIA REPORTS:

  • Modi to give free cooking gas connections to poor: PTI
  • India said to be ready to clear $6.5B of Iran's dues: PTI
  • Panel asks RBI to explain causes of rising bad debts: PTI
  • Ujjivan to open new branches to meet regulations: PTI
  • Liberty House seeks Macquarie Cap funding on Tata: Telegraph
  • GMR may sell minority stake in GMR Energy: CNBC
  • India FinMin said to agree to notify 8.8% EPF rate: ET Now
  • Naveen Jindal to be tried in coal block case: Times
  • Convergys may buy India backoffice Minacs for $500 million: Mint
  • India puts labor reforms on hold after unions' opposition: BS
  • India may bar bankrupt candidates from fighting elections: TOI

OFFERINGS:

  • Thyrocare Technologies IPO gets 73.55 times demand for shrs offered on last day of offer
  • Ujjivan Financial IPO gets demand for 85% on 2nd day of sale April 29; offer to close today

EARNINGS: (net income adj. ests. in INR where available)

  • ARSS Infrastructure Projects (ARSS) 4Q
  • CCL Products (CCLP) 4Q 285m (3)
  • Housing Development Finance (HDFC) 4Q 23b (22)
  • L&T Finance Holdings (LTFH) 4Q
  • Tribhovandas Bhimji Zaveri (TBZL) 4Q

ECONOMY:

  • 10:30am: Nikkei India Manufacturing PMI for April; no ests. (Prior 52.4)
  • 05/02-05/04: Eight infrastructure industries index for March (Prior +5.7%)

GOVERNMENT:

  • 2:50pm: Suresh Prabhu, railways minister, Prakash Javadekar, MoS for environment, Manoj Sinha, MoS for railways, and A.K. Mital, chairman, railway board at signing of agreement with the forest dept of Haryana & Punjab in New Delhi
  • 7pm: Minister Javdekar and Jairam Ramesh, member of parliament, at opening ceremony of art exhibition Carbon'12 in New Delhi

EVENTS:

  • 12:15pm: Shyam Srinivasan, MD & CEO of Federal Bank, to discuss 4Q FY 16 results in Mumbai
  • 2pm: New Delhi. Mustapa Bin Mohamed, minister for international trade & industry, Malaysia, to address FICCI session in New Delhi

MARKETS:

  • S&P 500 -0.5% to 2,065.3
  • Stoxx Europe 600 -2.1% to 341.48
  • MSCI Asia Pacific Index -1.6% to 129.18
  • Global Commodity Prices Overview
    • Gold spot +0.09% to $1,294.20 oz
    • Brent futures -2.4% to $46.97/bbl
  • SGX CNX Nifty Index futures for April delivery -1.8%
    • Sensex little changed at 25,606.62
    • Nifty little changed at 7,849.80
  • Yield on 7.59% bonds maturing Jan. 2026 at 7.44% on April 29
  • INR +0.3% to 66.33/USD

EQUITY PREVIEW:

  • IDFC (IDFC): 4Q profit INR1.3b, est. 2.24b
  • GIC Housing (GICHF): 4Q profit INR358.7m, est. 322m
  • Oberoi Realty (OBER): 4Q profit INR645.5m, est. 1.01b
  • RPG Life Science (RPGL): 4Q profit INR22.5m vs 47m y/y
  • Suzlon Energy (SUEL): Unit AERotor repays $590.4m bonds
  • UltraTech Cement (UTCEM): Says no proposal to consider fund raising via shrs
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