Opinions
David Driscoll
HDFC Bank Ltd
HDB-N
BUY
Dec 28, 2017
$101.030
Stock price when the opinion was issued
banks
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BUY
For a 10-year hold. It's a premier private bank in India. They've done very well, though they just had a big drop. The Indian currency is at a discount. A good place to be if you are interested in emerging markets. Right now, he isn't buying emerging market banks, but if you are, it wouldn't be a bad choice.
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COMMENT
India has been affected by covid. In India, prefers HDFC Bank over IBN, which is the second largest bank. Loan losses have been less at HDFC and they have maintained higher capital ratios. As India rounds the last corner of covid, the name should do well. Longer term demographic and macro trends are positive.
banks
BUY
One of the larger banks and has highest credit rating in India.
Weakness in stock (12x P/E ) compared to European peers (20x P/E).
Not as much access to vaccines, so business in India muted.
Good opportunity to buy as business is growing.
India has population under 35 which provides good opportunity.
banks
BUY
Investing in India right now makes all the sense in the world. It's the largest population now, surpassing China. India has significant growth, population is relatively young and moving to cities, with more banking needs required.
Second-largest bank in India. Just completed a merger with a mortgage business.
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An Indian stock for a long-term hold? You can do this through the banking side through an HDFC Bank (HDB-N) or through ICICI Bank (IBN-N). Those 2 are the best ones. Their share prices have had a huge run this year, much like the emerging markets. It has also helped that the Indian government has enacted a GST.