16
April2024
Vitarka
ANTYA’s views on investing markets, economy, and more
Latest Insights
General Electric – A Single Digit Stock Price – Part 2
In Part 1 we highlighted multiple challenges facing GE in 2018 and 2019. Adoption of new accounting standards is another one of those wrinkles that will throw investors off-balance. ANTYA maintains its view that given shrinking industrial operations, GE Capital’s inability to pay dividends to the company for the foreseeable …
The Reserve Bank of India–Between a Rock and a Hard Place, Higher Yields & Higher NPAs Forthcoming?
Managing Indian Inflation a Herculean Task The Reserve Bank of India (“RBI”) issued its Sixth Bi-Monthly Monetary Policy Statement on February 07, 2018 (“MPS”). The Monetary Policy Committee (“MPC”) decided to “keep the policy repo rate under the liquidity adjustment facility (“LAF”) unchanged at 6.0%”. RBI believes that its decision …
The Reserve Bank of India- Between a Rock and a Hard Place, Forthcoming?
Managing Indian Inflation a Herculean Task The Reserve Bank of India (“RBI”) issued its Sixth Bi-Monthly Monetary Policy Statement on February 07, 2018 (“MPS”). The Monetary Policy Committee (“MPC”) decided to “keep the policy repo rate under the liquidity adjustment facility (“LAF”) unchanged at 6.0%”. RBI believes that its decision …
Eight Hikes – 4 in 2018, and 4 in 2019 – What Does that Do to Asian Equity Markets?
The dual mandate of the Federal Open Market Committee (“FOMC”) is to use monetary policy tools at its disposal to stabilise consumer price inflation (“CPI”) towards its 2% target and to maximise employment in doing so. Since the financial crisis of 2008, the global economy – of which the United …
General Electric (GE US )- 25% Downside and Perhaps a Single Digit Stock Price in Its Future?
GE Will Surprise to the Downside General Electric Company (“GE” or “company”) had a terrible 2017, with the stock providing a total return of -42.1%, compared to the S&P 500 Index (“S&P”) at 21.8%. Moreover, the company’s streak of dividend growth after the financial crises was interrupted with the dividend …
2018 India – Tread With Caution
India 2018 – Caution is the Byword For global investors, 2017 was expected to be a challenging year with a protectionist President Trump in office combined with a more hawkish Federal Reserve. Market participants and the business media left no stone unturned in debating and highlighting the imminent demise of …
The Dot Plot Giveth
Download this Report The newest word to join the lexicon of a populace overburdened with information is the “Dot Plot”. For the uninitiated, the dot plot is a graphical representation of the year end interest rate forecast of the 16 voting members of The Federal Open Market Committee (“FOMC”) of …
Home Capital Group: Immediate Liquidity Crisis Averted – What Next?
Home Capital Group (HCG.TO or the “Company”) has done three things right so far: Cut the dividend as anticipated. Announced that $325 million of bonds due May 24, 2017 will be repaid. That was also expected, given its line of credit from HOOP. Rejigged the board via the addition of …
Home Capital Group – Fallen Angel or Value Trap?
It is fascinating to see the very public and humiliating unravelling of Home Capital Group (“HCG”), at a time when warnings surrounding a historically high Consumer-Debt/GDP ratio and stratospheric real estate prices across much of Canada abound. It seems almost surreal, that what originated as a problem related to falsified …
Home Capital Group – To Penny Stock Status : Liquidity Decline of $750 Million in 3 Days
Home Capital Group (“HCG”, HCG.TO) has been in the news recently for all the wrong reasons. Although stories surrounding the unreasonable and elevated valuation attributed to real estate in Canada- especially in Vancouver and the Greater Toronto Area- abound, it is the flurry of stock market activity surrounding HCG that …
Modi’s Gamble:Brand India to Shell-Shocked India
Download this Report On November 08, 2016, at 8:00 PM in India, the Prime Minister of India Narendra Modi (“PM” or “PM Modi”), announced demonetisation of approximately 86% of India’s currency. My initial reaction, upon becoming aware of it in the wee hours of the morning of November 09, 2016, …
An Audacious President-Elect Upends Yields – Eight Ideas For 2017
Download this Report Within 5 days of being elected, Donald Trump has managed to do what the entire cohort of central bankers across the world couldn’t. Trump’s ascendance to the oval office, has steepened the U.S. yield curve forcing a global rise in bond yields, strengthened the U.S. dollar, and …