We're posting up notes from the Sohn Canada Investment Conference 2015 (Capitalize For Kids.) Next up is Dinakar Singh from TPG Axon. He pitched two long ideas: Hitachi and India private banks (Yes Bank and Axis Bank).
Dinakar Singh's Sohn Canada Presentation
- Currently seeing problem markets rather than problem world
- Services are doing well and manufacturing is doing poorly
- Zero capex growth in 1990’s, may see this happen again
- See opportunities in Japan (through restructurings) and India (earnings growth)
- Long Hitachi: see operating margins improving from 6.5% to 10%, 8x PE, see going to 14x in line with industry
- Long India private banks (Yes Bank and Axis Bank): bank sector restructuring, consumer growth, cyclical recovery, dramatic growth for private banks
Be sure to check out the rest of the presentations from the Capitalize For Kids Conference.
Thursday, October 1, 2015
Dinakar Singh's Sohn Canada Presentation: Long Hitachi & India Private Banks
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