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San Diego Home for Sale-3205 Nile St • 92104
Go to http://www.MaryMcTSoldme.com to Find information on this Home For Sale in San Diego, specifically in North Park. Search San Diego, California real esta… Continue reading
JCB Notes High Profits On Demand In Africa And The Middle East
Aubrey Chang | Apr 15, 2013 | Comments 0 JCB Ltd While constructing sector is not in the best shape, UK-based giant JCB Ltd informed that it noted record annuals earnings in 2012. It is not surprising at all that the company trots out its outstanding profits as the global construction sector is indeed going through tough times. The JCB’s results were mainly driven by increased demand in regions such as Africa and the Middle East. 2012- Good year for JCB The figures released by JCB Ltd showed that the British company saw its earnings increase approximately 2.8 percent to as much as £365 million in 2012 from £355 million it made a year earlier. More important, the 2012 earnings of the company mirrored its best performance in almost 70-year history. In addition, the company informed that its sales amounted to around £27 billion in 2012, compared to roughly £27.5 billion recorded in 2011. Despite the fact that the global market shrank by staggering 10 percent, UK-based JCB Ltd informed that its machine sales vaguely jumped to about 69,250 in 2012, compared to sales of 69,100 noted in the previous year. In addition, the figures indicated that demand slumped nearly 40 percent in China, 7 percent in India and around 6 in the home market. On the other hand, demand surprisingly climbed as much as 28 percent in Brazil, Russia and North America. JCB Ltd, which in fact depends on foreign markets as they amount to approximately four-fifth of its business, underlined that its performance was driven mainly by regions such as Africa and the Middle East. The figures released by the company indicated that the UK-based manufacturer witnessed an outstanding doubling of its business in the region of Africa, while the business in the Middle East climbed approximately 12 percent. But the fact is that JBC Ltd also enjoyed a 20 percent uptick in its business in the Americas. Sir Anthony Bamford, chairman of JCB Ltd underscored: “In view of the continued fragility of the global economy, which has led to renewed slowdowns in emerging and developed markets, JCB’s results in 2012 are extremely encouraging,” adding that the results were clear evidence that all investments finally started bearing fruits. Furthermore, he underlined that the performance was mainly driven by demand for agricultural products which at the same time visibly balanced weak demand for construction equipment. Citations for JBC’s performance The results, which were released by JCB Ltd, were indeed a pleasant surprise taking into account that the UK-based manufacturer suffered from low demand in European countries. While the company is carefully optimistic when it comes to projecting 2013 results, Sir Anthony Bamford underlined that the beginning of the year was satisfactory. Analysts praise the strong results of JCB and note that the company opened a new factory in Sao Paolo, Brazil, in 2012. And that is not all as the UK-based manufacturer will also launch a new facility in Jaipur, India, in 2014. Indeed, when it comes to investment, the company plays hard but at the same time it does not forget about its factories located in the UK. Also the government of the UK appreciates all achievements of JCB Ltd and underlines that the family-owned company is one of the top contributors of the country’s manufacturing sector, which has been undeniably suffering since the beginning of the global financial crisis, as the company created almost 25,000 positions, including the supply chain. Therefore the strong performance in 2012 augurs well for the future of JCB Ltd. Continue reading
Thai Stocks Worth A Look, But Be Cautious
Tue Apr 16, 2013 3:24pm EDT (The author is a Reuters columnist and the opinions expressed are his own. For more from John Wasik see link.reuters.com/syk97s ) By John Wasik (Reuters) – Most emerging market talk focuses on BRICS – Brazil , Russia , India, China and South Africa – or maybe even TIMPs – Turkey , Indonesia, Mexico and the Philippines. But one sizzling emerging market that has not been adopted into an investing acronym is Thailand . Thailand has been growing rapidly relative to sluggish Western economies. Like its Southeast Asian cousins Indonesia , Singapore and Vietnam, Thailand has a relatively young population and a growing middle class, and it is building infrastructure along with a commodities trade. Thailand has had its political problems, including a coup, in recent years, but now it is focused on an export economy, driven by demand from China and India. Global investors are attracted to the country’s cornucopia of natural resources such as alumina, cocoa, gas, oil and sugar. Some 60 percent of the Thai gross domestic product is export-driven, which also consists of autos, rice and electronics. Thailand’s GDP rose by almost 20 percent in the fourth quarter of 2012 over that same period the year before, bringing growth for the full year to 6.4 percent, according to the Bank of Thailand , which on Friday raised its projected estimate of this year’s growth to 5.1 percent from 4.9 percent. Domestically, the Thai government is applying a Keynesian stimulus to the economy through large infrastructure projects, paying above-market prices to farmers and raising the minimum wage, according to Patricia Oey, an analyst for Morningstar . The country is a major agricultural supplier and manufacturer for the world’s most populous region. It’s not well known to most individual investors that Thailand has had one of the best-performing stock markets in the world during the past decade. Two closed-end funds that invest in Thailand offer the opportunity to get in on that growth: Thai Fund Inc and Thai Capital Fund. But I don’t recommend them because of their high annual expenses of 1.46 percent and 2.1 percent, respectively. Only one exchange-traded fund concentrates exclusively on Thailand: the iShares MSCI Thailand Capped Investible Market ETF, which has returned an annualized 27 percent in the three years through April 15. That compares to 5 percent for an Asia-Pacific (ex- Japan ) index. The fund’s annual expense ratio is 0.60 percent of assets. Some of the fund’s gains have been extraordinary: 81 percent in 2009, 57 percent in 2010 and 40 percent last year. It lost 4 percent in 2011, a sour year in general for U.S. stocks as well. That compares to a roughly 5 percent annualized gain during the past five years for the SPDR S&P 500 fund – an ETF representing the largest U.S. companies – and almost an 8 percent annualized gain over the decade through April 15. As a mostly passive vehicle tracking an index of Thai companies, the iShares fund employs a method for capturing 99 percent of the total value of the Thai stock market. The 90 stocks within the index include banks such as Siam Commercial Bank PCL, technology companies like Advanced Info Service PCL and energy companies such as PTT Exploration and Production PCL. While the fund is probably the most diversified and least expensive way to invest in Thailand, it has drawbacks. For one thing, investors have been pouring money into it. It has gone from $600 million in assets in November to more than $1 billion, says Todd Rosenbluth, director of ETF fund research for S&P Capital IQ in New York. That means you run the risk of picking a market that’s already too hot. The fund is also top-heavy in financial services stocks, representing some 40 percent of the portfolio. Overconcentration in any one sector always elevates portfolio risk. Indeed, the fund is so volatile that it has double the risk of the Standard & Poor’s 500-stock index – not unusual for a developing market but a consideration when you are making your investment choices. For instance, the fund may decline if China’s growth eases because all commodities producers will see lower demand for their output. Any reverberations will also sting. Remember the “Asian contagion” some 20 years ago? That sank Asian currencies – including the Thai baht – and stocks in short order, burning myriad investors. Beyond just volatility, there’s diversification to consider. It’s best to invest in a country like Thailand as part of a larger investment in all emerging markets, since any market can quickly turn south in today’s hyper-connected world. (Follow us @ReutersMoney or here Editing by Beth Pinsker, Lauren Young and Douglas Royalty) Continue reading
