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September 08, 2018
KBK Capital Management
India specialist providing distinctive insights and fund management
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The Low Indian VIX in Perspective
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KBK Capital Management
India Review- Economic Gloom yet “Stock Market Boom”
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India’s economic and market structures are widely misunderstood and 2019 undoubtedly complicated matters further for the casual observer. We break it down and show where the opportunity lies in 2020.
Jan 25, 2020
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KBK Capital Management
Encore Modi, Says India
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Prime Minister Narendra Modi won a landslide victory in India, with his Hindu nationalist Bharatiya Janata Party securing a commanding parliamentary majority in the largest democratic exercise in history.
Jun 03, 2019
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KBK Capital Management
India's Profit Cycle is Bottoming While U.S.'s Peaks
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India’s profit margins are near cycle lows, whereas the U.S.’s profit margins are near cycle highs. Much of this can be attributed to India raising interest rates as early as 2010 after the global financial crisis.
Dec 18, 2018
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KBK Capital Management
A Default and Panic Set-Up a Buying Opportunity in India
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In our view, Indian mid and small cap stocks, which have been particularly vulnerable to forced selling due to strict margin requirements, are now unambiguously “bombed out” and are presenting a compelling buying opportunity for long-term investors.
Oct 22, 2018
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KBK Capital Management
Indian Rupee Volatility to Continue, but No Need to Panic
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The fall in the rupee has been due in large part to broad dollar strength. In trade-weighted terms, the rupee is only down about 5% this year. India also has $400 billion in FX reserves to manage the currency’s volatility, unlike in 2013.
Sep 17, 2018
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KBK Capital Management
The Indian Large Cap - Small Cap Breadth Divergence is Unsustainable
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Presently, 56% of the Nifty 50 Index members are trading above their 200-day moving average compared to only 24% of small cap stocks. This size of a breadth divergence is indeed rare and has only occurred two other times over the past ten years.
Sep 11, 2018
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KBK Capital Management
Despite the Negative Sentiment Overshadowing Emerging Markets, India’s Economic Growth Remains Healthy
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India’s July composite PMI number surged to 53.3 from 50.4 during the month, confirming our view that, despite the current negative sentiment overshadowing the emerging market complex, India’s economy and corporate earnings growth remain healthy.
Sep 08, 2018
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KBK Capital Management
India’s Exposure to a More Protectionist U.S. Relatively Low
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Unlike many other countries in Asia, India’s exposure, both direct and indirect, to a more protectionist U.S. is relatively low. This is an inadvertent consequence of India’s historic failure to develop a strong manufacturing sector.
Sep 08, 2018
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