Re: [Technical-Investor] Dubai Crisis impact on Indian Stock Market

This is preposterous. Who cares about who has what exposure to the
market. Can someone ask Dubai World, Emaar, Nakheel and Limitless
Investments how much investment they have in Indian projects? If Dubai
has to pay back the debt, it will have to sell off every inch of land
in India. It may have to liquidate all investments in Indian
companies, and every single dodgy money in the share market will have
to go back to the desert coffers.

To get the right answers we need to ask the right questions.

On 11/29/09, Balaji Jayaraman <bctbalaji@gmail.com> wrote:
>
> Dubai Crisis impact on Indian Stock Market
>
>
>
>
> Let's run a status-check on which companies, especially in the
> infrastructure sector, are exposed to Dubai and how it may impact their
> businesses.
>
>
>
> Nagarjuna
> <http://www.moneycontrol.com/company-article/nagarjuna-construction-co/news/
> NCC01> Construction
>
> YD Murthy, Executive VP - Finance of Nagarjuna Construction, said that the
> company has only one venture in Dubai, a 440-apartment project, and is going
> slow on it.
>
> The company is also doing a Rs 100-crore water pipeline project at Dewa,
> Dubai. "There is no default payment problem at the Dewa project," Murthy
> said. "The company's Middle-East exposure is mostly to government-owned
> agencies," he added.
>
>
>
> Larsen <http://www.moneycontrol.com/company-article/larsentoubro/news/LT> &
> Toubro
>
> Larsen & Toubro has exposure in multiple segments in Middle East, R Shankar
> Raman, Executive VP - Finance told CNBC-TV18. "The company has exposure in
> the hydro-power segment. Our total exposure to the Middle-East over the last
> two years is to the tune of USD 200 million," he added.
>
>
>
> Punj <http://www.moneycontrol.com/company-article/punj-lloyd/news/PL9>
> Lloyd
>
> The infrastructure player has no exposure to Dubai or real estate exposure
> in UAE, Luv Chhabra, Director of Corporate Affairs at Punj Lloyd said. "We
> are doing only oil & gas projects in Abu Dhabi where there are no concerns
> at all," he said. "40% of our order book comes from West Asia. The crisis
> has particularly hit the real estate sector in Dubai. No impact is expected
> in other states like UAE capital, Abu Dhabi."
>
>
>
> Voltas <http://www.moneycontrol.com/company-article/voltas/news/V>
>
> MM Miyajiwala, Executive VP and CFO at Voltas, said the company is executing
> a Rs 900-crore project in Dubai as part of a joint venture where Voltas has
> 37% stake. "We are executing the project for Emaar and the client has fully
> funded the project. Thus, we are not anticipating any delays," he said. "Our
> order book is primarily from Abu Dhabi and Qatar. Dubai also has not
> defaulted on any of our payments."
>
>
>
> Bank <http://www.moneycontrol.com/company-article/bank-of-baroda/news/BOB>
> of Baroda
>
> Bank of Baroda has some real estate exposure to Dubai accounting to 5-6% of
> its loan book but CMD MD Mallya there won't be any impact. "Interest on all
> loans in Dubai have been paid till last due," he said. "Bank of Baroda has
> 10 branches in the Gulf region. It has small banking exposure, mainly for
> remittances in the region."
>
> Mallya added that the bank also has exposure in Abu Dhabi, Ras-Al-Khaimah
> and Bahrain.
>
>
>
> Unitech <http://www.moneycontrol.com/company-article/unitech/news/U>
>
> The company said it had not exposure to Dubai real estate.
>
>
>
> DLF <http://www.moneycontrol.com/company-article/dlf/news/D04>
>
> DLF has no exposure to Dubai, it said.
>
>
>
> Indiabulls
> <http://www.moneycontrol.com/company-article/indiabulls-real-estate/news/IRE
> 01> Real Estate
>
> The company does not have any direct/indirect investment in Dubai and West
> Asia, it said. "Any of the Indiabulls Group companies and in particular
> Indiabulls Real Estate doesn't have any direct or indirect investment in
> Dubai or Middle East," the group stated in a release.
>
>
>
> Hiranandani Group
>
> The unlisted group is constructing a project in Dubai, 97% of which was
> already sold and 65% payment had been received, Chairman
> <http://connect.in.com/niranjan-hiranandani/profile-430.html> Niranjan
> Hiranandani said. "The Dubai market crash won't have any negative impact on
> the company."
> Hiranandani added that Indian property prices should go up because of the
> Dubai market crash.
>
>
>
> Omaxe <http://www.moneycontrol.com/company-article/omaxe/news/O02>
>
> Omaxe is likely to exit its two real estate projects in Dubai. "We will soon
> decide on exiting the Dubai realty projects,"
> <http://www.moneycontrol.com/live-index/dowjones> Dow Jones quoted Omaxe
> Chairman Rohtas Goel as saying.
> "We had planned a Rs 2,850 crore investment in Dubai," he said. "We have
> already paid Rs 50 crore to Nakheel as first instalment and may seek refund
> if we exit the Dubai project." He added that Omaxe was yet to receive
> possession of any land from Nakheel.
>
>
>
> HDIL
> <http://www.moneycontrol.com/company-article/housing-developmentinfrastructu
> re/news/HDI>
>
> HDIL has no exposure to Dubai, it said.
>
>
>
> SpiceJet <http://www.moneycontrol.com/company-article/spicejet/news/SJ01>
>
> Dubai World's investment arm, Istithmar, holds 13% stake in SpiceJet
>
>
>
> Aban <http://www.moneycontrol.com/company-article/aban-offshore/news/AO04>
> Offshore
>
> The oil exploration company has deployed six rigs in West Asia.
>
>
>
> Here's how the stocks reacted on the indices. Prices are those trading at
> 14.00, Friday:
>
>
>
>
> Company
>
> Price
>
> % Chg
>
>
> Aban Offshore
>
> 1,215
>
> 7.70
>
>
> HDIL
>
> 295.5
>
> 6.97
>
>
> Indiabulls Real Estat
>
> 190.7
>
> 5.45
>
>
> Bank of Baroda
>
> 517
>
> 5.44
>
>
> SpiceJet
>
> 44.7
>
> 5.40
>
>
> Nagarjuna Const
>
> 153.75
>
> 4.86
>
>
> Omaxe
>
> 91.05
>
> 4.56
>
>
> Punj Lloyd
>
> 197.05
>
> 4.44
>
>
> DLF
>
> 339.1
>
> 4.28
>
>
> Larsen & Toubro
>
> 1,562.10
>
> 4.20
>
>
> Unitech
>
> 3.05
>
> 3.95
>
>
> Voltas
>
> 162
>
> 3.31
>
>
> Hiranandani Group
>
>
>
>
>
>
>
> http://www.moneycontrol.com/news/business/dubai-crisis-which-indian-companie
> s-may-be-affected_427638.html
>
>

--
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Today's excitement won't move tomorrow's markets

Don't let that small voice of ego tell you that you have special talents.

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