Sunday, 31 March 2013

Goldman Sachs Hang Seng Exchange Traded Scheme

Fund Category-Equity (International)
Benchmark-Hang Seng

Top Sectors                         % Of Net Asset
Financial                                51.60%
Energy                                   14.17%
Con Durable                          11.34%
Construction                          8.32%
Communication                      3.22%
FMCG                                  2.63%
Diversified                             1.69%
Engineering                            1.68%
Textiles                                  0.85%
Chemicals                              0.72%
Services                                 0.52%
Metals                                    0.18%

Asset Allocation        % Net Assets
Equity                              99.99%
Debt                                0.00%
Cash & Cash Equivalent   0.01%
Commodities                    0.00% 

Fund Objective:-
The Scheme seeks to provide returns that, before expenses, closely correspond to the total returns of securities as represented by Hang Seng Index of Hang Seng Data Services Limited, by investing in the securities in the same proportion as in the Index. 

Who Is Eligible To Invest:-
* Banking Company                                 * Pension Funds
* Individulas                                             * HUFs
* NRI                                                      * Minors   
* Association Of Persons                         * Company
* Partnership Firms                                  * Trust
 *Societies                                               * FIIs










Wednesday, 27 March 2013

Opto Circuits India

Opto Circuits India:-
Sector-Hospital & Medical Services
Market Cap-1292.77 Crore
Book Value -Rs.50/06
Industry P/E-6.91
EPS-(Trailing Twelve Months)-Rs.10.22

Opto Circuit's net profit declined 9 percent for the quarter ended December 31, 2012. In an interview to CNBC-TV18, the company's CMD Vinod Ramnani said there are working capital problems and the company is looking at restructuring to alleviate the problem.

“Opto Circuits’ Q2FY13 results were way below expectations. Revenues grew just 8% YoY to Rs 608 crore  mainly due to postponement of certain shipments from the medical equipment segment. This segment (80% of revenues) saw a growth of just 5%. Interventional segment (19% of revenues), on the other hand, grew 23%. Net profit de-grew 4% to Rs 116 crore  on account of higher depreciation, interest and tax provision.

After showing improvement in back to back quarters (Q4 & Q1) the working capital cycle once again slipped, vindicating market fears that have weighed on the stock price for quite some time.

On the bright side, new product launches in various geographies are expected to keep the growth momentum going.

Healthcare and pharmaceutical industries today welcomed steps announced in the budget to increase allotment on health and medical education.

However, private players expressed concern that Finance Minister P Chidambaram could have provided support in the form of tax incentives as well.

For the year ending March 2012, Opto Circuits India has declared an equity dividend of 30.00% amounting to Rs 3 per share. The company has a good dividend track report and has consistently declared dividends.

An ageing population, lifestyle and diet-related chronic diseases, increased life expectancy, greater focus to developing healthcare  infrastructure in developing economies continue to create a demand for healthcare services and thereby for medical devices.The industry is expected to touch a staggering USD 350Bn in size, with an average  growth of 5% from 2011, states the REPORT on ''Outlook for Medical devices, Espicom Business Intelligence''.

Over the past decade,the industry has shifted focus from the traditionally lucrative developed markets to the more promising emerging markets.A noteworthy portion of organic activities of the companies are channeled towards building resources,both capacity and people, to expand their customer base in these high growth markets.The expansion of these emerging economies,government funding and reforms,changing consumer lifestyles, increasing penetration of medical insurance products, and a rise in awareness and disposable income, has increased the demand for quality healthcare services. This,in turn,is expected to increase the demand for medical equipment and other support services.Today,the medical devices market in the BRIC countries,alone,accounts for nearly USD10Bn and is growing at an average CAGR of 8%.

Apollo Hospital, Fortis Health, Poly Medicure, Indraprastha, Kovai Medical & Lotus Eye care are some companies working in the same segment.

2011 - Opto Circuits presents Bangalore Metro Rail Corporation Ltd. it's  first public access defibrillator.
2011  - Opto Circuits launches campaign to promote heart safe environments on World Heart Day.
2011 - Opto Circuits ranked amongst Forbes' Asia's 200 Best Under a  Billion companies for third year.
2012   -  Opto Circuits (India) secures BBB+ rating for credit facilities  sanctioned by multiple banks.