BRAZILIAN EQUITY OPPORTUNITIES This report examines the Brazilian equity markets, their structure, constituents and metrics over time. In continuation to our earlier report on Brazilian Equity Opportunities (May 2015), we show that the Brazilian equity markets now offer a compelling investment opportunity. There are 321 actively traded companies in Brazili, offering a sizeable group of…
Read articleINVESTING IN INDIA We believe significant investment opportunities exist in India for long-term, strategic investors. Horizon’s investment methodology, taking a private equity approach to the public markets is well suited to pursue these opportunities. This report examines the Indian equity markets, their structure, constituents and metrics over time. India is a unique market globally. It…
Read articleINDIAN EQUITY OPPORTUNITIES This report examines the Indian equity markets, their structure, constituents and metrics over time. There are approximately 4,147 actively traded companies in India, offering a sizeable group of businesses for superior stock selection. India has a deeply rooted equity culture dating to the period of British rule. The Bombay Stock exchange (BSE),…
Read articleWIPRO Limited (WIT ADR – $9.60 – NYSE) Stellar returns – So why this? WIPRO Ltd announced the much-anticipated spin off of their non-IT segment (to be known as Wipro Enterprise limited (WEL)) on October 31, 2012. The post spin off WIPRO (W) would now exclusively be an IT company. While we applaud the action…
Read articleIn this report, we study the investment dynamics of the gems and jewelry industry. There are approximately 2,300 publicly traded gems and jewelry companies globally (this includes miners, processors and retailers). There are 45 publicly traded gems and jewelry companies in India, the majority of which are jewelry retailers. Collectively, the total market capitalisation of…
Read articleIn this report, we study the global jute industry. The size of the global jute industry is ~USD 1.75 billion, of which India accounts for ~USD 1.25 billion or 70% of jute produced. Globally there are 12 publicly traded companies engaged in the jute business of which 5 disclose segmental information on contribution from jute.…
Read articleINDIAN EQUITY OPPORTUNITIES This report examines the Indian equity markets, their structure, constituents and metrics over time. There are approximately 4,000 actively traded companies in India, offering a sizeable group of businesses for superior stock selection. India has a deeply rooted equity culture dating to the period of British rule. The Bombay Stock exchange (BSE),…
Read articleIn this report, we study the investment dynamics of the global tea industry. There are over 53 publicly traded tea companies worldwide, predominantly listed in the major tea producing countries India, China, Japan, Sri Lanka, Kenya and Taiwan. The total tea industry market capitalisation is ~USD 7 billion. Between 2000-10 tea consumption has grown at…
Read articleIn this report, we examine the global Guargum industry. India is the largest producer of Guarseed in the world due to its unique climatic advantages, representing roughly 90% of global production. Guargum powder, a product developed after processing of seeds from the Guar plant, finds its uses in the food, textile, paper, and oil &…
Read articleIn this report, we examine India’s Basmati1 rice industry. We outline the industry’s attributes in a global context and highlight the key variables for investment consideration in the sector. Basmati is the champagne of rice. And like champagne, it has a legally enforced regional denomination. Basmati can only be produced in India and a small…
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