ICICI Bank Ltd. - Vielleicht mal wieder Indien?
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Der Bankensektor in Indien sieht immer wieder vielversprechend aus. Nachdem ich den Anstieg der State Bank of India leider nur auf der Watch mitgemacht hab, sieht mein zweiter Kandidat hier recht passabel aus - ein Potential von ca. 15% sollte vorhanden sein.
Dem angefügten Artikel aus dem Economist zufolge ist eine Zunahme des Kreditbereichs von ~ 20% p.a. zu erwarten, resultierend aus dem weiterhin starken Wachstum der Indischen Ökonomie. Natürlich ist das Wort "Lending" gerade etwas überstrapaziert, aber vielleicht gerade darum?!
Freu mich über Meinungen, Lob, Kritik, Verleumdungen, Jubel und Häme,
W.
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http://www.economist.com/PrinterFriendly.cfm?story_id=9104331
Indian business
May 2nd 2007
From The Economist Intelligence Unit ViewsWire
ICICI Bank aims for growth as the economy booms
India's second-largest bank, ICICI Bank, plans to raise around US$5bn through public offers in the US and India, highlighting the growing demand for capital being generated by a booming economy. If the planned offers reflect the bank's confidence in the Indian growth story, the Economist Intelligence Unit's own forecasts also show that economic growth and the resulting demand for credit will remain strong. Indeed we forecast that bank lending will grow by around 19-20% a year in the next three years, around two-and-a-half times the expected rate of GDP growth.
ICICI Bank's board approved the equity issue on April 28th. The bank, which is listed in both Mumbai and New York, intends to raise some Rs150bn (US$3.7bn at Rs40.8:US$1) of the new capital in the US via an American depositary receipt (ADR) issue, with the remaining Rs50bn to come through a domestic share offering. The equity sales are likely to take place by June.
One of the main rationales for the offerings is to finance new lending both to retail customers and the corporate sector (although the equity issue will also help to finance the bank's efforts to comply with stricter capital requirements). India's buoyant economy is creating rising levels of affluence and at the same time expanding the opportunities for lending as traditionally thrift-conscious consumers become more accustomed to spending on credit. (The number of credit cards in circulation in India has more than doubled in the past three years; ICICI Bank, incidentally, is the largest issuer, with 5.2m credit cards.) We estimate that private consumption grew by about 10% in the fiscal year ended March 31st, and that it will grow by more than 8% this year.
The corporate sector is perhaps an even more exciting opportunity for large commercial lenders such as ICICI Bank. Indian companies are particularly expansion-minded at the moment, their confidence boosted by strong growth in their domestic markets. ICICI Bank talks of a US$500bn "investment pipeline", suggesting it is confident that the investment plans of Indian companies will increase demand for corporate financing. Although high-profile overseas acquisitions by Indian companies have made headlines recently, it seems the bank expects a surge in investment in infrastructure and manufacturing in India to be a key ingredient in rising demand for credit. The prime minister, Manmohan Singh, has said that India needs to spend US$320bn on infrastructure over the next five years, and the budget for fiscal 2007/08, unveiled on February 28th, called for a large increase in spending on rural infrastructure.
In year-end financial results, also unveiled on April 28th, ICICI Bank reported a 22% rise in after-tax profit to Rs31.1bn (US$762m at Rs40.8:US$1). The bank's total deposits rose by 40% to Rs2.31trn. The bank also saw a 37% rise in its rural lending portfolio. However, year-on-year after-tax profit growth in the fourth quarter of 2006/07 was a subdued 4.4%, due to higher provisioning costs.
Nonetheless, the prospects for India's financial services sector over the next few years remain bright. Growth will be driven by rising personal incomes, corporate restructuring, financial sector liberalisation and the further development of a more consumer-driven, credit-oriented culture. This is likely to translate into more business for commercial lenders. Indeed, we forecast that total lending will rise substantially as a share of GDP, to reach 75% in 2011. Underscoring the rapid growth in lending that India's economic boom is generating, this percentage compares with an estimated 63% last year and 54% as recently as 2000.
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ignorance is bliss
ICICI Bank plans India's biggest stock offering
ICICI Bank plans India's biggest stock offering
By Pratik Parija 2007-6-18
ICICI Bank Ltd, India's most valuable financial services company, has said it plans to sell shares for 885 rupees (US$22) to 950 rupees in the nation's biggest stock offering, Bloomberg News reported.
Individual investors will get a 50-rupee discount, the bank has said in an e-mailed statement. On Wednesday, ICICI sought regulatory approval to raise 175 billion rupees at home and overseas. The total sale may be raised to 201 billion rupees if there's demand.
ICICI's offer follows Friday's 91.9 billion rupee share sale by real-estate developer DLF Ltd, run by billionaire Kushal Pal Singh. HDFC Bank, UTI Bank and State Bank of India will also sell shares this year to meet accelerating credit demand in an economy that grew an average 8.6 percent in the past four years. Shares of ICICI Bank, India's biggest lender to consumers, more than tripled in value in the past three years.
ICICI estimates US$500 billion of investment will be needed for infrastructure and manufacturing projects in India during the next three years, Chief Executive Officer K.V. Kamath said in an interview on April 28. The government expects India's US$854 billion economy to grow 8.5 percent in the year to March 31.
Merrill Lynch & Co, Goldman Sachs Group Inc and JPMorgan Chase & Co will help ICICI Bank sell the new shares overseas and locally. JM Morgan Stanley and Enam Financial Consultants will also handle the Indian portion of the sale.
The bank is about 72 percent owned by overseas investors. Temasek Holdings Pte and Government of Singapore Investment Corp together own 9.61 percent of ICICI Bank, according to the lender's documents. India plans to permit the two entities to increase their stake to 10 percent each, Commerce Secretary G.K. Pillai said on March 26.
Sumit Sharma
Wednesday, June 20, 2007
ICICI Bank, India's most valuable lender, Tuesday sold the local portion of its record US$4.3 billion (HK$33.54 billion) share sale in 20 minutes as the fastest economic growth in six decades lured buyers.
Investors bid for 270.85 million shares at the close, almost three times the 98.87 million on offer, the National Stock Exchange said. The Mumbai-based bank will start selling shares of a similar value later Tuesday in the United States.
ICICI Bank, the biggest lender to Indian consumers, has doubled its profit during four years of at least 8percent economic growth by lending more to India's 300 million strong middle class. The sale compares with DLF's US$2.24 billion initial offering last week that took two days to attract enough bids and did not sell all shares on offer to individuals.
"ICICI Bank is one of the better plays on the Indian economy and has exposure to the rural economy, funding companies' capital expenses, and international banking," said Navneet Munot at Birla Sun Life Asset Management in Mumbai. "I'm not surprised at the speed of the sale."
The US portion will eclipse the US$1.75 billion sale by Sterlite Industries as the largest overseas offer by an Indian company. The total sale by ICICI Bank, which is split equally between the domestic and the US offer, may be raised to US$5 billion depending on demand.
The shares are being sold for between 885 rupees (HK$169.7) and 950 rupees apiece with a 50 rupee discount to individual investors buying up to 100,000 rupees of stock. Those buyers pay 250 rupees on application and the rest on allotment.
The offer accounts for half of US$10 billion of share sales planned by banks including HDFC Bank, UTI Bank and State Bank of India, the nation's biggest, in the year to March.
"The ICICI offering will be quite easily absorbed by overseas investors," said Chakri Lokapriya of BNP Paribas Asset Management UK. "ICICI is a well-regarded bank with an able management team to participate in the growth of insurance, asset management, and banking."
The bank's American depositary receipts gained 1 percent to US$47.15 on the New York Stock Exchange Monday. BLOOMBERG
ich glaube hier wird ein neuer machtkampf entfacht, zu mal die bank beabsichtigt als nächstes den mittelstand ins visier zu nehmen, auch im bezug auf zusammen arbeit mit indischen firmen
Kommen wir zu ICICI Bank. An der Bank kommt man in Indien kaum vorbei. Die größte Privatkundenbank Indiens. An der Kundenanzahl kann der Abstieg des Aktienkurses wohl kaum liegen. Oh .. stimmt ja.. die hatten ja 58 Mio. bei Lehman Brothers, die jetzt weg sind und noch ein paar Milliönchen, die wo anders noch bedroht sind. Aber mal ehrlich, das geht auch in normalen Jahren mal in die Hose und bedeutet für ICICI wohl kaum den Weltuntergang.
Im Moment wird ICICI an der Börse für 7 Mrd. Dollar verschenkt, also ob Indien das Zentum der Finanzkrise ist.
90 % der Inder haben von der Finanzkrise bisher noch garnichts mitbekommen.
Was denkt Ihr welche Bank von den strengen Auflagen die nach der Finanzkrise auf die Banken zukommen werden profitieren wird. Ja wohl die Banken mit wachstumsstarken bodenständigen Geschäftsfeldern.
Also jetzt ICICI inkl jährliche Dividenden einkaufen und sich ruhig einige Zeit zurücklehnen.
Der Spruch - da kann man nicht viel falsch machen -trifft zwar zu häufig nicht zu, scheint mir hier aber durchaus angebracht zu sein.
Positiver Wahlausgang, Kommunisten aus der Regierung rausgeflogen, man gibt dem Markt trotz Krise "die"chance; Indiens Börse +11%...........
http://de.reuters.com/article/marketsNews/idDEBEE54H0BB20090518
;-)
viel Glück
Ich hab nur so nebenbei mal in den indischen Markt investiert.
will aber meine Positionen in Indien ausbaun.
Ich hab nen langen Anlagehorizont ca 5-7 Jahre und will weiter Asiatische/Indische Werte kaufen,hab schon über Tata Motors nachgedacht.
Was habt ihr noch so im Depot ?
Was ist noch so interessannt ?
Sorry, bin Noobtrader
Meinst du echt ???
Die sind schon wieder bei 70 Euronen.
Mal schaun wenn der große Zweitcrash kommt werd ich mir ein paar ins depot legen,danke
hättest anfang des Jahres mal den Tip gegeben :)
Ein Geschäft, das auch in der Krise weiter läuft, ist das vom Infrastruktur-Unternehmen und Kraftwerksbauer Larsen & Toubro, da die Aufträge sehr langfristiger Natur sind, und die Finanzkrise leicht aussitzen läßt. Das Papier wird auch wie Reliance Industries und Tata Motors in Deutschland gehandelt.
Genau hier - weshalb in den US-Börsen die Aktie von ICICI Bank nachgefragt ist
Indien - 2018 fünftgrößte Wirtschaftsmacht | wallstreet-online.de - Vollständige Diskussion unter:
https://www.wallstreet-online.de/diskussion/...smacht#neuster_beitrag
http://www.faz.net/aktuell/wirtschaft/...rtschaftsmacht-15358436.html
http://www.moneycontrol.com/news/business/stocks/...ns-4-2501517.html
https://www.bnnbloomberg.ca/video/...ris-discusses-icici-bank~2313364