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Sunday, 08 January 12
ICICI OUTLOOK ON INDIAN POWER, MINING,CEMENT, AND SHIPPING SECTORS PERFORMANCE IN 2012
 Broking firm, ICICIdirect (India) has come out with report on sectors outlook for 2012. IRIS has collated key highlights for each sector from ICICI’s report.
Power - Underperform
The power sector in CY11 was characterized by robust capacity addition (12737 MW taking total capacity to 185,496 MW), tariff hikes, fuel shortages, back down by SEBS, change in Indonesian coal law and rise in interest rates. ICICIdirect expects capacity addition to be robust in CY12 (our bottom up analysis suggests that nearly 9400 MW can be added in CY12). ICICIdirect is cautious as structural issues like policy reforms and fuel shortages are more critical than cyclical factors like falling interest rates. One should stick to regulated entities like NTPC, NHPC (regulated players, less fuel risk, high Actual Contract Quantity from Coal India, sustainable earnings growth via capacity addition).
Metals and Mining - Underperform
CY11 was a challenging year for the metals and mining sector on the back of a muted demand scenario, elevated raw material costs and restriction of mining of iron ore in certain areas. During the first nine months of CY11, prices of key raw materials such as iron ore and coking coal were on an upward trend while in Q4CY11 along with a decline in raw materials costs steel prices also tapered off resulting in no respite for steel companies. As a result, on the back of elevated cost structure the operating margins of steel players remained under pressure for CY11. Going forward, on the back of global uncertainty and a muted demand scenario, ICICIdirect expects global steel demand to remain subdued in CY12.
Cement - Underperform
Cement demand has been sluggish in the past 20 months (growth of 4.4% in FY11 and 4% in YTD FY 12) due to muted off take from construction activities. ICICIdirect finds that cement demand growth has a high correlation with gross fixed capital formation growth as it captures the construction activities. GFCF declined 0.6% in Q2FY12 on account of a slowdown in infrastructure investments, keeping cement demand under pressure. ICICIdirect expects cement demand to grow by 4.5% in FY12E and 8% in FY13E.
Shipping - Underperform
The shipping industry is currently passing through a downturn, which is likely to be prolonged. A moderation in demand and substantial increase in supply on account of new vessel additions is expected to keep freight rates subdued.
(Source : IRIS /Steelguru)
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Wednesday, 04 January 12
NEWBUILDING ORDERS PICKED UP IN 2011, BUT 2012 EXPECTED TO BE A DIFFERENT STORY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the BDI (Baltic Dry Index) starting the year on a sour note, losing 114 points and ending yesterday’s session, the first of the new year, ...
Wednesday, 04 January 12
MAHAGENCO TO IMPORT LOW MOISTURE COAL
COALspot.com - Maharashtra State Power Generation Co. Ltd. is the state power generation utility owned by Government of Maharashtra, intends to proc ...
Tuesday, 03 January 12
INDONESIA COAL REFERENCE PRICE FELL AGAIN
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the January 2012 coal reference price at US$ 109.29 per ton or US$ 3.3 ...
Tuesday, 03 January 12
WHICH WAY WILL THE DRY BULK MARKET HEAD ON FIRST WEEK OF THE YEAR? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Dry bulk ship owners will be wondering which way will the BDI (Baltic Dry Index), the industry’s benchmark, will head during the first days of ...
Monday, 02 January 12
THE PROMISE OF INDIA: A BRIEF INTERRUPTION? - CLARKSONS / HELLENIC SHIPPING
Future growth in Indian seaborne coal imports has sometimes been considered as one of the largest potential upsides in the currently oversupplied dr ...
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Showing 4901 to 4905 news of total 6871 |
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- Deloitte Consulting - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- The University of Queensland
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Australian Coal Association
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Agrawal Coal Company - India
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Marubeni Corporation - India
- GMR Energy Limited - India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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