rediff.com: 5 great value stocks to buy
Ruchi Soya Industries
If you’ve ever eaten soya curry, chances are that you are a Ruchi Soya consumer. With its premium brand Nutrela, Ruchi Gold and Mandap, the company is into the manufacturing of soya foods, edible oils, vanaspati, bakery fats and soaps.
With 17 per cent of its turnover coming from exports, it is India’s largest exporter of soya meal, with markets in Indonesia, Vietnam, South Korea, Thailand, the Philippines, Japan, Taiwan and the Gulf.
Ruchi has been a consistent performer and has seen net profits growing at over 50 per cent over the last six quarters. It is the third-largest company in the vegetable oil business by market capitalisation and is the most attractively priced among its peers.
KS Oil is available at 21 times earnings and Agro Tech Foods at 16.27 times earnings.
Popularity: 4% [?]
MarketWire
Although both the Argentinean and the Mexican markets have been growing, their growth is attributed to different reasons. The Argentinean pharmaceutical market has been growing mainly based on growing sales volume, while growth of the Mexican market is mainly driven by growing prices.
The Mexican market is dominated by foreign companies with few domestic players. The Argentinean market is dominated by domestic branded generics firms, due to the economic crisis which led to many foreign companies to sell their plants in Argentina, thus allowing the domestic firms to gain over their market share.
Sales of pharmaceutical categories in both countries are very similar to the West thus opening growth opportunities for foreign companies. However, sales of oncology drugs are low in both countries; and Mexico has higher sales of anti-infective drugs indicating that these markets still have scope for further development and growth.
Popularity: 5% [?]
I concur. Buenos Aires is one of the most aesthetically pleasing cities in the world. I’m staying in Palermo Soho – and center for the latest fashion and design. I’m especially impressed with some of the model apartments I have seen being built by Grupo Townhouse. I wish developers like Sobha and Prestige in Bangalore could use their design services. The high-end apartments I’ve seen in Bangalore($500K and above) have been unremarkable in their design.
via The Independent
Argentine design is more engaging than ever. The period of need, introspection and experimentation that followed the currency crisis was to trigger a phenomenal creative impulse in the capital, and an army of restless designers began to manipulate the materials available to them in new and exciting ways.
Not missing a trick, in 2002 the state inaugurated the Buenos Aires Metropolitan Centre of Design, answering a huge demand for commercial grounding among budding designers. The city’s two big commercial design fairs (Feria Puro Diseño and Buenos Aires Fashion Week) got off the ground, looking to unite, and sell, the best creative talents – and a torrent of smaller showcases, seminars and festivals design-washed the calendar. In 2005, Unesco declared Buenos Aires its first “City of Design” and “one of the most viable and productive design industries in the South American continent”.
Popularity: 3% [?]
Opportunity for Argentina in sunflower, soya etc.
via SIFY’
The Union Government may relax import of oilseeds in 2009 to take the heat out of an “overheated domestic” oil and oilseeds market, according to Dorab Mistry, Director, Godrej International Ltd.
Improved supply
Presenting a paper on “Fundamental Approach to Price Forecasting 2008” at the Globoil International in Dubai on Monday, Mistry said cooking oil prices were likely to rise and rule firm, despite improved supply.
Currently, oilseed imports are not taking place due to strict phyto-sanitary conditions imposed by the Centre and a high customs duty of 30 per cent. Crude or unrefined vegetable oils’ imports are allowed duty-free, while refined vegetable oil imports are permitted at 7.5 per cent duty.
Popularity: 1% [?]
I met a company Mondo Frizzatta in Rosario, Argenina earlier this week. The founders had earlier started an IT comany, Neoris and sold it to CEMEX. Adolfo, one of the founders, is also an Endeavor entrepreneur.
I was telling them about the craze for Italian food – in young, urban India. Little Italy in Bangalore was always crowded with diners.
Frizzatta has a line of frozen pizzas, calzones and empanadas (Argentine samosa!) – products are sold in supermarkets and movie theaters. (Ready-to-eat in 2 minutes). Very tasty – I sampled their entire product lin.
Frizzatta are interested in tailoring those products for Indian markets. With an Italian name, no need of brand name changes. Interesting proposition for partnerships/JVs with Indian food-service companies.
India eNews – Papa John’s to open 100 pizza outlets in India
‘The Indian market is growing and the number of total pizza outlets in last 8-9 years has grown by 15-20 percent [annually]. I expect it to grow even faster at 25-40 percent this year.’
Popularity: 1% [?]
Possibilities exist for acquiring Argentine pharma companies outright and using that as a base to serve the huge Brazilian market. Where multinationals fear to tread, Indian pharma companies with their cost, scale advantage can do well. Import of finished drugs into Argentina is banned. Active pharma ingredients can be imported.
via Business Wire
Continued infusions of cash by the Brazilian government into public healthcare, and broader positive growth dynamics in Latin America – along with relative weakness in the peso – were the main drivers of exports for Argentine producers. Another reason for looking abroad are the continued persistence of price controls on medicines in Argentina – a major deterrent for multinationals – and more cheeringly, some signs of a harder line being taken by medicines regulator ANMAT.
Back in December, we upgraded the country’s Business Environment Rating (BER) for the Approvals Process subcategory from 4 to 6. Our reappraisal was triggered by the announcement that Argentina will become the first Latin American member of the Pharmaceutical Inspection Convention and Pharmaceutical Inspection Co-operation Scheme, along with broader improvements seen in enforcing rules on controversial drugs. In January 2008, Brazil’s ANVISA regulator and ANMAT agreed to harmonise their respective pharmacopoeias, or drug classification and listing systems. This too is a positive move, as ANVISA has emerged as one of the most proactive in the Latin American region in improving methodology and enforcement.
Popularity: 1% [?]
Opportunity to work with Argentine provincial governments
via BusinessWire
Dynamotive Energy Systems Corporation (OTCBB: DYMTF), a leader in biomass-to-biofuel technology, and its subsidiary Dynamotive Latinoamericana S.A., are pleased to announce the execution of contracts for the provision of biomass for two of its proposed plants in the Province of Corrientes in Argentina. The Company further disclosed that it has identified, and has been offered, a site for the project within the Municipality of Virasoro. Negotiations in regard to the site are progressing and are expected to be completed in the near term.
The signing of the biomass supply contract follows months of cooperative work with the Town of Virasoro which has been instrumental in attracting Dynamotive to the region. This represents a key step in the progress toward the development of the project announced in May, 2007.
The contract envisages the delivery by the Municipality of Virasoro of 250,000 wet tonnes (approx. 150,000 dry tonnes) of biomass (sawdust and other forestry operations residues) per year for 10 years.
Popularity: 1% [?]
