one thing you got wrong, is Pakistan today has Pakistan centric policies, India on the other hand has more Pakistan centric policies today than ever before. How many more countries Modi is planning to visit in next 4 years where his agenda is only to turn them against Pakistan....his speeches include Pakistan more than any other world and I am sure other world leaders laugh at him on his lunacy
Time to Sell India Short and Go Long on Pakistan?
- Thread starter RiazHaq
- Start date
one thing you got wrong, is Pakistan today has Pakistan centric policies, India on the other hand has more Pakistan centric policies today than ever before. How many more countries Modi is planning to visit in next 4 years where his agenda is only to turn them against Pakistan....his speeches include Pakistan more than any other world and I am sure other world leaders laugh at him on his lunacy
Or there is no cure for obsession in India.
Your dp and your signature are both about India, you should be the last one to talk about obsession. And that to mind you in a Riaz Haq thread whose life basically revolves around his obsession with India!
Oh the irony.
Tridibans
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We both are correct in our own ways.
But India CAN AFFORD to have any policy it likes.... as it has a really good economic platform to work with in the coming decades. We are the fastest growing major economy in the world, Only politically stable democratic country who has the best demographic dividend, lower operating costs for multinationals and huge huge potential in untapped sectors like infrastructure, Railways, retail, etc.
On the other hand, Pakistan cannot have anti-India policy today.
1) You guys havent given us MFN status yet. Its like Mexico refusing to trade with an economic giant USA nextdoor.
2) Pakistan had problems with SAARC... hence now BBIN and Pakistan is not even a part of it. With integrated travel and economic movement, in the next decade, BD/ Nepal/ Bhutan/ India and probably Myanmar will form an EU like system of trade and commerce (except the Visa/ Currency part).
3)Learn from India. We have fought war with China. But being an economic giant (4 times our economy), we cannot ignore them. We have 70 billion USD trade with them. OTOH, Pakistan who has a 10 times larger economy nextdoor, has a 2.5 billion dollar trade with it.
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Haq's Musings: Time to Dump India Shares and Buy Pakistan and Hong Kong Equities?
Is it time to sell India short and go long on Pakistan?
Indian shares are highly overvalued while Pakistan and Hong Kong shares are trading at very attractive valuations, according to latest data published by Bloomberg. The Indian shares listed in Mumbai are trading at nearly 22 times earnings, more than twice the price-earnings multiples of Karachi and Hong Kong listed stocks.
Source: Bloomberg
I wonder why the op didn't bother quoting the actual title of the article from the source.
lmao @Tridibans @karan.1970 @Viny check out the article from Bloomberg which Mr Haq quoted.
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Mr.Nair
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World laugh at him by investing heavily in india
World laugh at him by even breaking protocols by head of states to welcome him in their country
World laugh at him by mass indian crowd during his visit to any place
World laugh at him by many multi national companies ready to make its own manufacturing facility in india
World laugh at him by doing defence deal with india
World laugh at him by signing uranium supply to india
Haq's Musings: Time to Dump India Shares and Buy Pakistan and Hong Kong Equities?
Is it time to sell India short and go long on Pakistan?
Indian shares are highly overvalued while Pakistan and Hong Kong shares are trading at very attractive valuations, according to latest data published by Bloomberg. The Indian shares listed in Mumbai are trading at nearly 22 times earnings, more than twice the price-earnings multiples of Karachi and Hong Kong listed stocks.
Source: Bloomberg
Hong Kong's Hang Seng benchmark gauge for $4.3 trillion of shares was valued at 9.8 times reported earnings on Thursday, a 44 percent discount to the MSCI All-Country World Index, according to Bloomberg. That’s the cheapest level among developed markets worldwide and compares with a multiple of 10.2 for Pakistan’s KSE 100 Index. Russia’s Micex has the lowest valuation among major markets, trading at about 9.5 times profits.
Talking about Pakistan, Charlie Robertson, London-based chief economist at Renaissance Capital Ltd. told Bloomberg that “It (Pakistan) is the best, undiscovered investment opportunity in emerging or frontier markets...What’s changed is the delivery of reforms -- privatization, an improved fiscal picture and good relations with the IMF.” Pakistan is a reform story like neighboring India’s, but only better, Renaissance’s Robertson added.
The massive Chinese commitment to invest $46 billion in Pakistan's energy and infrastructure projects as part of China-Pakistan Economic Corridor has added to the excitement about Pakistan's brightening prospects.
CPEC Projects Map
China-Pakistan Economic Corridor (CPEC) is highly strategic for both China and Pakistan. It is expected to dramatically boost investment and trade activity in Pakistan via 29 industrial parks and 21 mining zones along the western, central and eastern routes.
This (China's $46 billion investment in Pakistan) can not be purely politically driven. Beijing is commercial: CEO’s, not think tank intellectuals, travel with politicians. Barron's Asia
Spurred by Chinese investment, the smart money is taking notice of Pakistan as an attractive investment destination. The investors are looking at the fact that Pakistani stocks have been outperforming both emerging and frontier markets for several years. The benchmark index of the Karachi Stock Exchange (KSE100) is up more than 20% in the last 12 months, according to NASDAQ.com.
Pakistani Shares in 2015:
After a dismal March, MSCI Pakistan rebounded strongly this month, returning 9.1% so far. In April, the iShares MSCI Frontier 100 ETF (FM) rose 4.3%, the WisdomTree India Earnings Fund (EPI) dropped 1.2%, the iShares MSCI India ETF (INDA) fell 1.9%, according to Barron's Asia.
Source: Economist Magazine
KSE-100 Performance:
In 2014, the KSE-100 Index gained 6,870 points thereby generating a handsome return of 27% (31% return in US$ terms), making Pakistan's KSE world's third best performing market. Total offerings in the year 2014 reached 9 as compared to 3 in the year 2013. After a gap of seven years, Rs 73 billion were raised through offerings in 2014 as compared to a meager Rs 4 billion raised in 2013. Foreign investors, that hold US$ 6.1 billion worth of Pakistani shares -which is 33% of the free-float (9% of market capitalization)-remained net buyers in 2014.
Pakistani Shares Valuation:
Even after outperforming both emerging and frontier market indices, Pakistani shares can be bought at deep discounts which make them very attractive, according to Renaissance Capital’s chief economist Charles Robertson. MSCI (Morgan Stanley Composite Index) Pakistan trades at only 8.4 times forward earnings, a 17% discount to MSCI Frontier Markets. For comparison purposes, fellow frontier south Asia markets Sri Lanka and Bangladesh trade at 13.4x and 21.4x respectively. India, included in the emerging market index, trades at 16.8 times.
Key Sectors:
Chinese investment in energy and infrastructure will help stimulate all sectors of Pakistani economy. But the sectors benefiting most from the $46 billion investment will likely include banks, energy and building materials, the sectors which are the favorites of Pakistani billionaire investor Mian Mohammad Mansha.
Being close to the ruling Sharif family makes Mansha the ultimate insider. Beyond his investments in banking, cement, energy and textiles, Mansha is also starting to invest in consumer products sector benefiting from rising incomes, growing middle class and increasing jobs created in Pakistan by the massive Chinese investment. Mansha owns a big chunk of Muslim Commercial Bank (MCB) share. He has recently been pumping more money into energy, cement and dairy businesses. Mansha's DG Khan Cements has announced plans to build a $300 million cement plant near Karachi. In additions, his Nishat Dairies has imported thousands of dairy cows for a dairy farm in Lahore.
Summary:
The $46 billion Chinese investment in energy and infrastructure has brought attention to tremendous investment opportunities in Pakistan, a nation of nearly 200 million people with rising middle class and growing consumption. Pakistani military's recent successes against the terrorists and China's massive investment commitments are expected to boost investor confidence in the country. Higher confidence will help draw other significant investors to invest in Pakistan over the next several years.
Related Links:
Haq's Musings
China Deal to Set New FDI Records in Pakistan
Post Cold War Realignment in South Asia
Haier Pakistan to Expand Production From Home Appliances to Cellphones, Laptops
Pakistan Bolsters 2nd Strike Capability With AIP Subs
3G, 4G Rollout in Pakistan
Pakistan Starts Manufacturing Tablets and Notebooks
China-Pakistan Industrial Corridor
US-Pakistan Ties and New Silk Route
Haq's Musings: Time to Dump India Shares and Buy Pakistan and Hong Kong Equities?
Buddy i used to watch Chinese state tv channel cctv news and in business they never ever cover pakistan stock exchange but covers indian stock exchange news.Why is that after all china is your higher and deeper than friend ! Or they think that pakistan stock exchange is not worth to talk or ashamed to cover.
@xyxmt @Super Falcon @Indus Falcon @Areesh @SecularNationalist @RiazHaq @v9s @Shamain
Abingdonboy
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This is a joke right? Modi's entire agenda is to turn the world against Pakistan?? REALLY? Modi didn't mention Pakistan once during his trip to the UAE nor did he mention Pakistan during his UNGA address (Nawaz Sharif mentioned India on the other hand).
Pakistan is but a small part of India's foreign policy and, frankly, an insignificant part because India can't get much economic benefit from Pakistan as things stand. As a result of Modi's foreign tours he has secured hundreds of billions in investment pledges, countless agreements on various issues from trade to security and has furthered India's position on the global stage- I don't see where Pakistan even remotely fits into this. Talk about delusions of grandeur.
@RiazHaq his age is getting into his mind I suppose
Can't believe a person can be so dumb. Anyways, what to expect from a self declared expert economic.... wait for it...... BLOGGER
Saddest part is why does one need to come at the expense of the other? As in why does investment in Pakistani stocks needs to come at the expense of the Indian stocks. If Mr @RiazHaq put in this much effort into just promoting Pakistani economy, rather than comparing it with India's with his spin doctoring, it would probably be more effective.
I mean trying to sell a story which reads, "Hong Kong Stocks Are Priced Like They’re in Pakistan After Rout" as a positive story about Pakistan's economy is just plain wrong. It's intellectually dishonest and he is only gonna fool and harm his gullible countrymen with such antics.
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war&peace
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If India has a bleak future, can you please help me with the english world that defines Pakistan's future in real terms.
I mean Pakistan has a bright future and if India lives with peace...it can also have a bright future. We can cooperate and prosper together but some people in Indian govt just don't want that.
Why you add the picture of Zardari....Anyway we all hate him....He is Mr. 1000%. If you like, please import him to India
Kyusuibu Honbu
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Wish there was some generic medication for cherry picking
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Viny
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I mean Pakistan has a bright future and if India lives with peace...it can also have a bright future. We can cooperate and prosper together but some people in Indian govt just don't want that.
Why you add the picture of Zardari....Anyway we all hate him....He is Mr. 1000%. If you like, please import him to India
Brother, you need to change the bulb to brighten up your future, the existing bulb has been fused long back.
Cherry picking is still ok, this is just intellectual dishonesty. And coming from a man his age, its just sad.
The S&P BSE Sensex has plunged 800 points in trade in a matter of two trading sessions, while the Nifty has slipped nearly 300 points, wiping out entire gains made so far in 2015.
Read more at:
Global sell-off engulfs Indian markets; top stocks & sectors to buy on declines - The Economic Times
The week ended on a sour note for the Karachi Stock Exchange (KSE) as the benchmark-100 tumbled 700 points on Friday.
Led by regional activity and declining prices of global crude, panic investors took the index down almost 1,000 points intra-day before some relief occurred in the second half. At one point, the KSE-100 touched 34,275 points.
However, at close on Friday, the index lost 699.8 points or 1.99% to end at 34,519.77.
Market watch: Tracking regional peers, index sheds 700 points - The Express Tribune
Read more at:
Global sell-off engulfs Indian markets; top stocks & sectors to buy on declines - The Economic Times
The week ended on a sour note for the Karachi Stock Exchange (KSE) as the benchmark-100 tumbled 700 points on Friday.
Led by regional activity and declining prices of global crude, panic investors took the index down almost 1,000 points intra-day before some relief occurred in the second half. At one point, the KSE-100 touched 34,275 points.
However, at close on Friday, the index lost 699.8 points or 1.99% to end at 34,519.77.
Market watch: Tracking regional peers, index sheds 700 points - The Express Tribune
NIA
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You nailed him
Mr.Nair
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You nailed him
Not only this yaar, there was a discussions of China silk road and their host talking about connecting to central asia,europe and they never say any word about pakistan.At least you can see here how many chinese coming for chest thumping CPEC in pdf like pakistani's do? Even though cctv is a chinese state sponsored channel, they used to cover some program related to culture which they covered lot of buddhist temple,life of monk etc...
In another forum, some pakistani's who settled in hongkong telling that even educated chinese do not even heard the city 'Karachi'.
It is only pakistani pdf member do more chest thumping that Chinese affection to pakistan at its core blah blah
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