CLSA raises its overweight view on India
9 years, 7 months ago

CLSA raises its overweight view on India

Live Mint  

Mumbai: Leading Asian equity brokerage and investment group CLSA has raised its already substantial ‘overweight’ view for India in the Asia Pacific ex-Japan relative-return portfolio, by shaving the overweight for China by 2 percentage points. Writing in his closely tracked newsletter Greed and Fear, CLSA’s managing director Christopher Wood said on Thursday that the move has been prompted by a major positive—that India’s minister of state for finance Jayant Sinha and financial services secretary Hasmukh Adhia have provided a more detailed roadmap for state-owned banks. CLSA pointed to the government’s plan to inject $11 billion in state-owned banks over the next four years, while expecting them to raise another $17 billion through the public markets. Wood said though the Reserve Bank of India didn’t cut rates this week, it should ensure the rupee will remain relatively stable against the dollar.

India Clsa  public  india  overweight  stateowned  rbi  woodwood  billion  clsa  yeartodate  rates  view  raises  banks

History of this topic

CLSA predicts muted Nifty 50 returns for 2025; replaces HDFC Bank with Tata Motors, NTPC and THESE stocks in portfolio
2 months, 2 weeks ago

CLSA predicts muted Nifty 50 returns for 2025; replaces HDFC Bank with Tata Motors, NTPC and THESE stocks in portfolio

Live Mint  

2025 Market Outlook: CLSA anticipates a challenging year for the Nifty in 2025, driven by an uncertain and risky global macro environment coupled with a near-term economic slowdown in India. The firm has included Tata Motors, NTPC, Nestle, and Britannia in its India focus portfolio while removing HDFC Bank and notably reducing its overweight position in the banking sector. Lower …

CLSA hikes India allocation to 20% overweight on foreign inflow bets, reverses China call post-Trump win
4 months, 1 week ago

CLSA hikes India allocation to 20% overweight on foreign inflow bets, reverses China call post-Trump win

Live Mint  

Global brokerage firm CLSA has reversed its early tactical shift from Indian equities to Chinese stocks, and has decided to raise India allocation while cutting exposure to China. "The chief risk to Indian equities is a frenzy of issuance swamping the market -- cumulative 12 month issuance is 1.5 per cent of market cap, a historical tipping point," it said. …

JP Morgan upgrades India to ‘overweight’; advises buying on dips
1 year, 4 months ago

JP Morgan upgrades India to ‘overweight’; advises buying on dips

Live Mint  

After a 7 percent drop in the Indian market from its peak hit in mid-September, global brokerage house JP Morgan has upgraded India to ‘overweight’ from ‘neutral’. Before JP Morgan, other global brokerages, Morgan Stanley and Nomura, also upgraded their India ratings to ‘overweight’ whereas CLSA increased its India portfolio allocation by 20 percent. Apart from this, Morgan Stanley said …

Morgan Stanley upgrades India to 'overweight', downgrades China to 'equal weight'
1 year, 7 months ago

Morgan Stanley upgrades India to 'overweight', downgrades China to 'equal weight'

Firstpost  

Morgan Stanley views that India is poised for substantial and sustained economic growth at a time when the rest of the world is slowing down India’s status has been upgraded to ‘overweight’ by brokerage firm Morgan Stanley has also downgraded on China to ’equal weight’. We see a secular trend towards sustained superior USD EPS growth versus Emerging Markets over …

Morgan Stanley upgrades India shares to 'overweight', downgrades China to 'equal weight'
1 year, 7 months ago

Morgan Stanley upgrades India shares to 'overweight', downgrades China to 'equal weight'

Hindustan Times  

Morgan Stanley cut its rating on Chinese stocks to equal weight Wednesday, saying investors should capitalize on a rally spurred by government stimulus pledges to take profits. "India rises from 6 to 1 in our process, with relative valuations less extreme than in October, and India's ability to leverage multipolar world dynamics is a significant advantage," Morgan Stanley analysts said. …

Indian bonds may come under pressure as RBI near end of easing cycle: PineBridge
4 years, 8 months ago

Indian bonds may come under pressure as RBI near end of easing cycle: PineBridge

Live Mint  

Indian bonds may start losing their appeal as the Reserve Bank of India nears the end of its easing cycle, according to PineBridge Investments Asia Ltd. “It is currently not an opportune time to invest in Indian bonds as yields will be back up from the current levels,” said Arthur Lau, head of Asia ex-Japan fixed income at PineBridge. The …

Tight monetary policy, bad loans preventing upturn in investments: CLSA
9 years, 7 months ago

Tight monetary policy, bad loans preventing upturn in investments: CLSA

Live Mint  

Relatively tight monetary policy is one of the reasons that are preventing the investment cycle pick-up, said Christopher Wood, managing director and chief strategist of brokerage CLSA, in the latest edition of his newsletter Greed & Fear. Wood added that the legacy issue of high levels of non-performing loans in the Indian banking sector and the inability to adequately capitalize …

CLSA cuts Sensex target to 19,000
12 years, 11 months ago

CLSA cuts Sensex target to 19,000

Firstpost  

CLSA cut its target for the BSE Sensex to 19,000 from 20,000, citing risks such as the widening current account and fiscal deficits, as well as the uncertainty over foreign taxation. CLSA cut its target for the BSE Sensex to 19,000 from 20,000, citing risks such as thewidening current account and fiscal deficits, as well as the uncertainty over foreign …

CLSA for raising India weightage to 9%
16 years, 7 months ago

CLSA for raising India weightage to 9%

Live Mint  

Mumbai: After months of serial downgrades, foreign brokerages may start recommending Indian stocks again as a sharp drop in oil prices is expected to reduce the pace of inflation and lift the outlook on equity. CLSA Asia Pacific, one of the top five foreign brokerages operating in India, has already recommended increasing the weightage on Indian stocks by a percentage …

Discover Related