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Posts tagged Value Pickr
Avanti Feeds (12-01-2024)
KEY POINTERS FROM THIS ARTICLE
The Ecuadorian National Aquaculture Chamber (CNA) has questioned the bill, specifically article 13, which proposes that taxpayers make a monthly self-withholding prepayment of up to 3 percent of total income obtained.
Those costs are set to increase further with Danish shipping giant Maersk’s announcement of its plans to move its operations from the Port of Guayaquil – close to shrimp-farming operations – to a deepwater port in the town of Posorja, 90 kilometers away. The move, slated for the beginning of 2024, would cost shrimp farmers an extra USD 400 (EUR 366) per container, Camposano said. Besides the cost of transport itself, the container’s generator would need to run extra time to keep the cargo refrigerated, and security guards need to escort the cargo to protect from theft, he said.
Gulshan Polyols(GPL) – Business by FMCG and Valuation by Commodity (12-01-2024)
Thanks for the detailed post. I am not invested in GPL but one of its competitor BCL Industries. IMHO, before one invests in a Ethanol producer whose feedstock is not sugarcane, one should find out whether the company is hooked on FCI rice for its feedstock or whether its management had the foresight to know that FCI rice was a short term dole given by Govt and they have already de-risked the business by having factories which can process multiple feedstocks like rice, maize, millets etc.
Any non-sugarcane Ethanol player need to be able to process Maize for it to have long term sustainable advantage as the Govt wants players to not rely on FCI Rice and reduce dependence on other water guzzling crops like Cane.
If you find that GPL’s new units can indeed process maize and they are able to secure enough maize to manufacture most of its Ethanol from it, then GPL can be a good value creator indeed.
Telecom products – A way to play 5G, IOT, drones, connected cars, smart transport opportunity (12-01-2024)
Part -1 Summary rationale:
50-75% growth over the next 5 to 7 years: Industry growth in India for many of the telecom products is likely to be in 50-75% range from FY23 to FY30 (exhibit 1) and global market size for these products is likely to be over USD 1 trillion during the same period. Indian players have opportunity to play both domestic and global (exports).
Exhibit 1 (Industry size and growth)
Source: https://www.bseindia.com/xml-data/corpfiling/AttachHis/54c5c59d-cd87-417a-9539-9e79eb9a3748.pdf
- What is driving this growth -pillars of growth?
- 5G deployment
- Towers – for 2G/3G/4G/LTE – large towers which had range of few kilometres can not be used due to lower range of 5G as it uses higher frequency vs. 4G. To reach similar number of users industry shall need about 10 times more towers. However, current large towers has its own limitations and cost. So existing network of large towers (about 7.5 lakhs) will be complemented by millions of small cells. My estimate is that India shall need about 40 Lakh small cells as 5G gets deployed through out India. This puts market size of small cells at 1,60,000 crores (assuming each small cell costs USD5000)
- Customer premise equipment (CPE) – As we use routers today which connects to cable, customers using 5G to meet their broadband needs shall need Fixed Wireless Access (FWA) CPE. Just to give context US telecom companies launched FWA services in 2020. Their customer count in 3 years has grown 200 times from 35K customers to over 7 million in 2023. Just to give a context RJIO alone aims to reach 200 million households in India (though Airtel has contested that market is not that big).
- Ease and cost of benefit of installation to ramp up quickly – Complete fiberisation is time intensive and costly affair. For laying cables lots of permissions, labours and maintenance is required. Large towers also are almost 20 times costlier than small cells. Small cells can be installed on street lights, poles, advertising hoardings, bus shelters etc.
- Increased use cases – 5G is going to increase the use cases owing to its speed and reachability (through FWA). 5G shall be used for home internet, IOT devices, drones, Industrial usage (automation and remote maintenance), smart city, connected cars, public safety, transport, and logistics.
- Government support: Localisation needs, incentives (PLI) and digitisation.
- 5G and some related use cases are touted to result in energy effciency.
- 5G deployment
Disclaimer: If you take any inferences from this write-up on stocks, then please note that I am not a financial advisor and nor a SEBI registered Analyst. The content shared here is only for learning purpose and my for my own future references. All the names mentioned/infered here are for example purpose. I may buy more, exit or partly sell the stock/bonds without any prior intimation.
Polycab India ~ Connection Zindagi Ka – W&C, FMEG and EPC Player (12-01-2024)
That was ED and they had confidently made bold statements in their website. To promoter Nandakumar’s credit, they were very transparent from day one saying its an old issue from one disgruntled individual, company arranged for investor call immediately and finally the HC closed the case.
I bought into the weakness in Manappuram and have been holding since then. Similarly I was looking into Polycab whether this is a good entry point, had it in the past but had sold off due to valuation concerns. First off, company’s response does not give any confidence – they are acting like Government department saying we have not received any written communication. My worry is if the promoters has done hera-pheri, how can we be sure of their reported numbers.
Few questions i had:
- Why the fine amount (if any) should be paid by the company? Shouldn’t the promoters be personally liable if they had personally benefited from the hiding of income.
- What are the chances of promoter getting arrested in future – under IT laws, under ED’s PMLA laws
- Any one knows if the promoters have any political affiliations
Polycab India ~ Connection Zindagi Ka – W&C, FMEG and EPC Player (12-01-2024)
@Anubhav_Garg
Surely I agree that promoters must be ethical and company’s reputation is tarnished. We as value investor should still be trying to find value.
Yatharth Hospital & Trauma Care Services Limited (12-01-2024)
Hi Devender Jhansi Hospital occupancy was 13.13% at the time of DRHP filing during IPO. September 2023 result presentation occupancy is 19%. This issue happened somewhere in November end.
I will watch % occupancy in December and March quarter. If improvement is seen, means issue due not have any material impact on operation.
Let us continue to monitor that issue.
Thanks for your question.
Is China investible? (12-01-2024)
China Tensions dominate TAIWAN polls. Geopolitical heavy event year across china and ROW
Hitesh portfolio (12-01-2024)
Hello hitesh bhai one question is generally when there is a tailwind in particilular sector the companies which have moat or advantage or existing untilized capex does well. My question is what is allocation in a sector that one should look . Themes like railway or green energy or chemicals did well in 2020/2021/2022 respectively. Most made 3-10 × depending on company to company. How would you look at to allocate / conservatively agressive approach to portfolio while deciding allocation on portfolio level to tailwinds in a sector ( stock selection ) in that sector
Mahindra & Mahindra Ltd. – a federation! (12-01-2024)
India Japan fund invests 400cr on the same day Mahindra launches a substantial xuv400 refresh.