Chairman, sgtradex

Tan Chin-Hwee

Chairman

Thematic (Sector/Industry)

The discourse on Asia&rsquo;s &ldquo;rise&rdquo; is dominated by China and India, countries whose vast populations and buoyant economies have captured the imagination of international investors, journalists and policy analysts.&ldquo;Chindia&rdquo;-scented rhetoric abounds with catchphrases that state the obvious, but whose import is less so. China has the hardware, India the software; India needs China&rsquo;s roads, China could do with India&rsquo;s political inclusiveness. Given how fundamentally different India and China are, though, such &ldquo;lessons learnt&rdquo; are of limited value.The more relevant comparison in Asia &ndash; and one with enormous implications for the global economy &ndash; is between India and its civilisational sibling, Indonesia. These two eclectic democracies share more in common than India and China, yet they are rarely hyphenated.Last year&rsquo;s elections saw the elevation of a new breed of popular leader in both countries. Narendra Modi, whose family ran a tea stall, has risen from near the bottom of India&rsquo;s caste and class hierarchies. Joko Widodo is from a similarly underprivileged background.

The discourse on Asia&rsquo;s &ldquo;rise&rdquo; is dominated by China and India, countries whose vast populations and buoyant economies have captured the imagination of international investors, journalists and policy analysts.&ldquo;Chindia&rdquo;-scented rhetoric abounds with catchphrases that state the obvious, but whose import is less so. China has the hardware, India the software; India needs China&rsquo;s roads, China could do with India&rsquo;s political inclusiveness. Given how fundamentally different India and China are, though, such &ldquo;lessons learnt&rdquo; are of limited value.The more relevant comparison in Asia &ndash; and one with enormous implications for the global economy &ndash; is between India and its civilisational sibling, Indonesia. These two eclectic democracies share more in common than India and China, yet they are rarely hyphenated.Last year&rsquo;s elections saw the elevation of a new breed of popular leader in both countries. Narendra Modi, whose family ran a tea stall, has risen from near the bottom of India&rsquo;s caste and class hierarchies. Joko Widodo is from a similarly underprivileged background.

The Rise of Asia: India and Indonesia's Shared Challenges and Opportunities.

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Bottom-Up

As a continuation of our Long Term Leaders vertical, we look at Dabur India (DABUR IN), which is one of the leading domestic consumer staples firms. Post its 3Q15 results, the stock rallied close to its life time high resulting in its RSI moving to the overbought range, however, we would continue to stay long given: <ul><li>Company's growth has remained resilient with better than sector growth rates, given its presence in niche categories</li><li>Analyst have only just started to revise their EPS estimates upwards on the back of higher margin expectations</li><li>However, sales growth expectations still remain subdued for FY16, and we believe there could be more upside to sales growth, which would drive EPS growth higher</li><li>Impending government budget could provide demand upside, if individuals tax slabs are revised</li><li>Dabur's presence in herbal/ayurvedic category could benefit from any effort by the government to promote Indian hertiage</li></ul>

As a continuation of our Long Term Leaders vertical, we look at Dabur India (DABUR IN), which is one of the leading domestic consumer staples firms. Post its 3Q15 results, the stock rallied close to its life time high resulting in its RSI moving to the overbought range, however, we would continue to stay long given: Company's growth has remained resilient with better than sector growth rates, given its presence in niche categoriesAnalyst have only just started to revise their EPS estimates upwards on the back of higher margin expectationsHowever, sales growth expectations still remain subdued for FY16, and we believe there could be more upside to sales growth, which would drive EPS growth higherImpending government budget could provide demand upside, if individuals tax slabs are revisedDabur's presence in herbal/ayurvedic category could benefit from any effort by the government to promote Indian hertiage 

Dabur India - Pick-up in sales growth could see further earnings upgrades - Stay long

India

Dabur India Ltd. manufactures soaps, detergents, hair oils, tooth powders, antacids and processed foods. The Company sells its products worldwide.

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Dabur India Ltd (DABUR IN)

The Rise of Asia: India and Indonesia's Shared Challenges and Opportunities.

The discourse on Asia’s “rise” is dominated by China and India, countries whose vast populations and buoyant economies have captured the...

Tan Chin-Hwee

Dabur India - Pick-up in sales growth could see further earnings upgrades - Stay long

As a continuation of our Long Term Leaders vertical, we look at Dabur India (DABUR IN), which is one of the leading domestic consumer staples...

Sumeet Singh

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