Friday, March 20, 2009

>India Essentials (MACQUARIE RESEARCH)

India cable and satellite TV
Pain for Z IN, positive for ZEEN IN

We analyse the trends in weekly gross rating points (GRP) for Hindi general entertainment channels (GEC), Hindi news channels and regional GECs for the week ending 28 February 2009.

Sterlite Industries (Outperform)
Asarco - not the best but cheap

Revised bid for Asarco's assets: Sterlite's revised offer for US-based mining firm Asarco's (not listed) copper assets, ring fenced from all other liabilities, has been accepted by the lenders and is now placed before the bankruptcy court for approval.

MacQTel AsiaPac Portfolio
Winners and losers Tim Smart

The MacQTel AsiaPac Portfolio is down 3.2% for the week (27 Feb–5 Mar), underperforming the benchmark MSCI AP telco index, which was down 2.5%, and the broader market (MSCI AP), down 2.7% (all performance in US$).

Macquarie China Commodities Weekly
Chinese steel demand in 2009: focusing on the fundamentals and stimulus plan

This week we look at Chinese steel demand in 2009 and focus on the stimulus package and other drivers of demand. First, we predict that crude steel production in 2009 is likely to fall to 460–500mt.

Macquarie Commodities
Iron ore spot prices sink again . . . for now

We review the reasons and implications for recent spot iron ore price falls. Latest news Copper resumed its upward march as stocks declined again, with the majority of materials believed destined for China.

To see full report: INDIA ESSENTIALS