Tuesday, February 20, 2007

teledata!

>Teledata buys Singapore firm for $105mn
Chennai-based Teledata Informatics today acquired a majority stake in the Singapore-headquartered IT distribution and PC maker, eSys Technologies, by investing $105 million (Rs 470 crore).Teledata and eSys are also likely to invest $20 million (around Rs 90 crore) in Chandigarh to open a total business offshoring/outsourcing (TBO) unit, with at least 1,000 employees, over the next six months, according to a company source.TBO is a concept that allows whole businesses to be outsourced and run from low-cost, high-skilled countries.Currently, eSys utilises its centres in India and Singapore to carry this out.Since 2004, Teledata has acquired 27 companies and with the recent acquisition of eSys, it is already in talks with two other companies in Europe for acquisitions.“The company is in the process of acquiring a marine insurance business company and the other is a software provider for billing in the utilities space,” said a company spokesperson.The valuation of these companies is much more than the recent acquisition of eSys.“We have invested about $120 million in the company and will be investing additional 50 per cent of the already invested money in the next three months with an intention of acquiring all the other business of eSys,” said K Padmanabhan, managing director, Teledata.In 2005, eSys had a turnover of $1.676 billion and a profit of $15.5 million. The investment will enable the company capitalise on the synergy between Teledata and eSys.Padmanabhan, while explaining the synergy between the two companies, said: “Every year we buy 3,000-4,000 personal computers for several e-governance projects. This year we plan to buy 15,000 PCs.The eSys acquisition will now make these projects cost effective.” Vikas Goel, eSys group Chairman and managing director will be the CEO of Teledata Technologies and will hold 49 per cent in the company.eSys already has a PC manufacturing unit in Delhi and is in the process of setting up another unit in Himachal Pradesh to produce 1 million units per year with an investment of Rs 250 crore.“We might shut down the Delhi plant and shift the entire manufacturing capabilities to the new centre,” said Goel.www.business-standard.com
Ihave recommended it in 10-18 RS hold on and accumalte on dips!
PE is just 5-6 and at lows was just one.Can u get better IT stocks at this valuations!teledata is the answer!

ABB report check out... i made it!

ABB: record growth in 2006
Full year Order Intake up 50 per cent ; Revenues up 44 per cent ; Net Profit up 56 per cent
Q4 Order Intake up 40 per cent ; Revenues up 44 per cent ; Net Profit up 43 per cent
Raises dividend to 100 per cent (dividend of Rs.10 per share)
Announces stock split (Rs.10 per share split into five shares of Rs. 2 each)
Orders
ABB India’s cumulative order intake of 56236 MINR for the year 2006 recorded a new high, growing 50 per cent over the previous year, and taking it into a new league. The order momentum seen in the first three quarters continued with an order intake of 14126 MINR in 2006Q4, 40 per cent higher than 2005Q4.
“We continue to bring value to our power and automation customers through leading-edge technologies, domain expertise and project execution abilities. At the same time our products focus in the form of range expansion and market penetration is paying handsome dividends. Our technology strengths, offering portfolio and unique ability to package solutions and provide a single window approach to existing and emerging sector verticals continue to be a key differentiator. While we grow our top-line, focus on productivity, operational efficiencies and working capital management continues to ensure that profitability remains a key priority” said Mr. Ravi Uppal, Vice Chairman & Managing Director , ABB India, announcing the results.
“The Indian economy is on the move, assisted by strong industrial growth. The urgent need for quality power, delivered efficiently and economically across urban and rural India is now among the nation’s key priorities. At the same time, Indian industry is increasingly adopting automation technologies as it scales up. We therefore continue to be optimistic in terms of the market and managing growth in a profitable and sustainable way is our top priority”, he added.
During the year the company booked several turnkey project orders from power utilities, industry customers and for integrated building solutions. As part of the standard products thrust the company further extended its market reach to over 700 channel partners. New revenue streams continued to make an increasing contribution to support core business growth. In addition to the expansion of capacities across businesses, several new production units were added during the year to support range expansion.
Order Backlog
The record growth in order intake has helped strengthen the company’s order backlog further to 33723 MINR 60 per cent higher than the opening order backlog of 21032 MINR at the beginning of the year, providing visibility for the coming quarters.
Revenues
ABB India accelerated its revenue growth momentum with cumulative revenues of 43477 MINR , 44 per cent higher than the previous year. This was driven by the speed of new orders execution and the conversion of a healthy order backlog. The company booked revenues of 14437 MINR in the fourth quarter, 44 per cent higher than the same period in the previous year.
Net Profit
The company recorded a cumulative net profit after tax of 3403 MINR for the year ending 31st December 2006, registering a 56 per cent growth over the previous year. The fourth quarter net profit after tax was 1350 MINR, up 43 per cent on 2004Q4. Increased revenue volumes, continued focus on keeping costs in check and efficient working capital management contributed to the improvement in profitability.
Dividend and Stock Split
The company increased its dividend to 100 per cent (dividend of Rs.10 per share) from 80 per cent in 2005. The company also announced a stock split of 1:5 implying Rs.10 per share split into five shares of Rs. 2 each. Both the above proposals are subject to shareholders approval in the ensuing Annual General Meeting.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering their environmental impact. The ABB Group of companies operates in around 100 countries and employs about 107,000 people.

ABB report check out... i made it!

ABB: record growth in 2006
Full year Order Intake up 50 per cent ; Revenues up 44 per cent ; Net Profit up 56 per cent
Q4 Order Intake up 40 per cent ; Revenues up 44 per cent ; Net Profit up 43 per cent
Raises dividend to 100 per cent (dividend of Rs.10 per share)
Announces stock split (Rs.10 per share split into five shares of Rs. 2 each)
Orders
ABB India’s cumulative order intake of 56236 MINR for the year 2006 recorded a new high, growing 50 per cent over the previous year, and taking it into a new league. The order momentum seen in the first three quarters continued with an order intake of 14126 MINR in 2006Q4, 40 per cent higher than 2005Q4.
“We continue to bring value to our power and automation customers through leading-edge technologies, domain expertise and project execution abilities. At the same time our products focus in the form of range expansion and market penetration is paying handsome dividends. Our technology strengths, offering portfolio and unique ability to package solutions and provide a single window approach to existing and emerging sector verticals continue to be a key differentiator. While we grow our top-line, focus on productivity, operational efficiencies and working capital management continues to ensure that profitability remains a key priority” said Mr. Ravi Uppal, Vice Chairman & Managing Director , ABB India, announcing the results.
“The Indian economy is on the move, assisted by strong industrial growth. The urgent need for quality power, delivered efficiently and economically across urban and rural India is now among the nation’s key priorities. At the same time, Indian industry is increasingly adopting automation technologies as it scales up. We therefore continue to be optimistic in terms of the market and managing growth in a profitable and sustainable way is our top priority”, he added.
During the year the company booked several turnkey project orders from power utilities, industry customers and for integrated building solutions. As part of the standard products thrust the company further extended its market reach to over 700 channel partners. New revenue streams continued to make an increasing contribution to support core business growth. In addition to the expansion of capacities across businesses, several new production units were added during the year to support range expansion.
Order Backlog
The record growth in order intake has helped strengthen the company’s order backlog further to 33723 MINR 60 per cent higher than the opening order backlog of 21032 MINR at the beginning of the year, providing visibility for the coming quarters.
Revenues
ABB India accelerated its revenue growth momentum with cumulative revenues of 43477 MINR , 44 per cent higher than the previous year. This was driven by the speed of new orders execution and the conversion of a healthy order backlog. The company booked revenues of 14437 MINR in the fourth quarter, 44 per cent higher than the same period in the previous year.
Net Profit
The company recorded a cumulative net profit after tax of 3403 MINR for the year ending 31st December 2006, registering a 56 per cent growth over the previous year. The fourth quarter net profit after tax was 1350 MINR, up 43 per cent on 2004Q4. Increased revenue volumes, continued focus on keeping costs in check and efficient working capital management contributed to the improvement in profitability.
Dividend and Stock Split
The company increased its dividend to 100 per cent (dividend of Rs.10 per share) from 80 per cent in 2005. The company also announced a stock split of 1:5 implying Rs.10 per share split into five shares of Rs. 2 each. Both the above proposals are subject to shareholders approval in the ensuing Annual General Meeting.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering their environmental impact. The ABB Group of companies operates in around 100 countries and employs about 107,000 people.

Sunday, February 18, 2007

PRAJ REAHED 410!

SELL PRAJ AT 425 ARND 410 TOO LOOKS A SELL!
I SEE PEAKED VALUATIONS!

I still feel u can but power equipments!

Power as a sector and power eqipment is one of the major growth drivers and i dont see a sell call in any of these!
2012 we are targetting to see the real potential of power so we have two options either wait for 2012 or sell on valuations close to FY12 xPE
ABB is good 800(4000) i dont see it as expensive in these rates
Areva and suzlon(one of the major stock which is a buy! at 1050-1120 levels)
BEL is a buy as well as BHEL (moderate buy)
Use all these options to diversify in this sector...
Moreover add on sum voltamp trans or indotech trans and hind rect if u feel that more diversification is needed.
Siemens a mojor stock ofthis sector looks a hold
ABB seems better of all private while BEl is better in public sector stocks.
hold bhart bijlee too.......as well as cable stocks like diamond torrent or ramswarup wires this is a proxy too power.Jyoti struct is good if u see long term it is also a power stock as builts power structures
L&t is evergreen so is the great GMR and gvkS( HOLD THEM!)

Hindalco & tata steel

Hindalco and tata steel both look good for long term
value investors can buy enter as well as increase your stake in this golden opportunity

Hindalco:141 TISCO :440

Friday, February 2, 2007

SUGAR LOOKS DESCENTLY VALUED NOW!!!!

Sugar is my most hated sector because it has been banking on govt policies(budget ) and ethanol story. Carbon Credit though has also played a role.
But as usual value attracts and most sugar stocks are looking very well valued but still a downside of another 5-10% remains from here.
I dont think a value investor should wait for these downsides but accumalate on falls from here!!!
Real quality stocks having ethanol story will really appreciate other will dance without a story!
So real quality stocks which are well bagrounded are given and a buy is recommended
This is in order of my preferences:

Shree renuka is a buy at 280-300 225 is ideal
Bajaj hind at 140 is ideal 120-135 will do
Balrampur chini 65 arnd ideal 50
Dhampur at current levels or -15%

All stocks can be bought now and averaged at ideal levels!!!!!