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Qatar Tribune
a day ago
- Business
- Qatar Tribune
India grants Saudi PIF more flexibility in equity markets
Agencies New Delhi India has agreed to exempt the Saudi sovereign wealth fund from key foreign portfolio investment (FPI) restrictions, according to two sources familiar with the development. The decision aims to facilitate greater capital flows into India by allowing Saudi Arabia's Public Investment Fund (PIF) and its affiliated entities to invest more flexibly in Indian equities. Current Indian regulations cap total investment from sovereign-related entities at 10 percent in a single company—regardless of whether investments come from separate arms of the same fund. 'This restriction has previously limited the PIF's ability to channel capital into India's high-growth sectors,' said one of the sources, who requested anonymity due to the sensitivity of the matter. The exemption, which comes after Indian Prime Minister Narendra Modi's high-profile visit to the Gulf nation in April, is seen as a strategic step to unlock Saudi capital. The two nations have been working to strengthen cooperation in critical sectors such as energy, infrastructure, and pharmaceuticals. During the visit, both sides reaffirmed their commitment to finalizing a bilateral investment treaty (BIT) and enhancing cross-border economic engagement. Saudi Arabia's PIF—one of the world's largest sovereign wealth funds with assets estimated at $925 billion—currently holds $1.5 billion in India's Jio Platforms and $1.3 billion in Reliance Retail. Analysts believe the exemption will pave the way for broader and deeper investments across India's fast-growing sectors. India, the third-largest oil importer globally, has been actively courting long-term capital from Gulf states to fund its infrastructure push. Simultaneously, Saudi Arabia has been seeking strategic investment opportunities in emerging markets as part of its ambitious Vision 2030 diversification strategy. To this end, the two countries formed a high-level task force in 2024 to accelerate Riyadh's plan to invest $100 billion in India. Progress on key issues such as taxation has been lauded by both governments as a breakthrough. 'The progress made by this Task Force in areas such as taxation was also a major breakthrough for greater cooperation in the future,' a joint statement issued in April said. Recent media reports suggest India is also considering tax relief measures for the PIF to further incentivize investment in infrastructure and energy projects. As global capital increasingly seeks secure and high-return markets, the India-Saudi relationship appears poised to become a cornerstone of Gulf-Asia financial cooperation.
News18
4 days ago
- Business
- News18
India To Exempt Saudi Fund From Foreign Portfolio Investment Rules: Report
Last Updated: Prime Minister Narendra Modi visited the Gulf nation in April, when both the countries agreed to promote investment in areas including energy, infrastructure and pharmaceuticals. India has agreed to exempt Saudi Arabia's sovereign wealth fund from a set of foreign portfolio investment rules to attract capital flows and strengthen financial ties between the two nations, two sources said. The rules, which club investments through various sovereign entities together and cap it at 10% in a single company, have prevented different subsidiaries of the Public Investment Fund from investing more in India, they said. Prime Minister Narendra Modi visited the Gulf nation in April, when both the countries agreed to promote investment in areas including energy, infrastructure and pharmaceuticals. India is also negotiating a bilateral investment treaty with Saudi Arabia. The requirement to club investment from different sovereign entities together limits the ability of the Saudi fund and its subsidiaries to invest independently, the first source said, declining to be identified as they were not authorised to speak to the media. The exemption granted to the fund will allow its various arms to invest separately, enhancing their flexibility in deploying capital into Indian equity markets without breaching regulatory thresholds, he said. The Finance Ministry and the Saudi fund did not respond to requests for comment. The Public Investment Fund is one of the largest sovereign wealth funds globally with assets of about $925 billion under management. Its current exposure in India remains limited to $1.5 billion in Jio Platforms and $1.3 billion in Reliance Retail, according to its website. India, the world's third-largest oil importer, is looking to draw long-term capital from energy-rich Gulf nations, while Saudi Arabia is seeking to expand its investments in fast-growing economies as part of its Vision 2030 diversification strategy. To achieve these goals, both the nations formed a high-level task force in 2024 to expedite Riyadh's plan to invest $100 billion in India. "The progress made by this Task Force in areas such as taxation was also a major breakthrough for greater cooperation in the future," a joint statement said in April. "The two sides affirmed their desire to complete negotiations on the BIT at the earliest." Recent media reports indicated the government is also exploring tax relief measures for the Public Investment Fund to support India's infrastructure and energy sectors. First Published: May 30, 2025, 23:16 IST
Time of India
5 days ago
- Business
- Time of India
India to exempt Saudi fund from foreign portfolio investment rules, sources say
India has agreed to exempt Saudi Arabia's sovereign wealth fund from a set of foreign portfolio investment rules to attract capital flows and strengthen financial ties between the two nations, two sources said. The rules, which club investments through various sovereign entities together and cap it at 10% in a single company, have prevented different subsidiaries of the Public Investment Fund from investing more in India, they said. Indian Prime Minister Narendra Modi visited the Gulf nation in April, when both the countries agreed to promote investment in areas including energy, infrastructure and pharmaceuticals. India is also negotiating a bilateral investment treaty with Saudi Arabia. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Shooter Action MMO Crossout Play Now Undo The requirement to club investment from different sovereign entities together limits the ability of the Saudi fund and its subsidiaries to invest independently, the first source said, declining to be identified as they were not authorised to speak to the media. The exemption granted to the fund will allow its various arms to invest separately, enhancing their flexibility in deploying capital into Indian equity markets without breaching regulatory thresholds, he said. Live Events The Finance Ministry and the Saudi fund did not respond to requests for comment. The Public Investment Fund is one of the largest sovereign wealth funds globally with assets of about $925 billion under management. Its current exposure in India remains limited to $1.5 billion in Jio Platforms and $1.3 billion in Reliance Retail, according to its website. India, the world's third-largest oil importer, is looking to draw long-term capital from energy-rich Gulf nations, while Saudi Arabia is seeking to expand its investments in fast-growing economies as part of its Vision 2030 diversification strategy. To achieve these goals, both the nations formed a high-level task force in 2024 to expedite Riyadh's plan to invest $100 billion in India. "The progress made by this Task Force in areas such as taxation was also a major breakthrough for greater cooperation in the future," a joint statement said in April. "The two sides affirmed their desire to complete negotiations on the BIT at the earliest." Recent media reports indicated the government is also exploring tax relief measures for the Public Investment Fund to support India's infrastructure and energy sectors.
Yahoo
20-05-2025
- Business
- Yahoo
European Value Stocks That Investors Might Be Undervaluing
In recent weeks, European markets have shown resilience, with the STOXX Europe 600 Index climbing 2.10% as trade tensions between the U.S. and China eased, boosting investor sentiment across major indices like Germany's DAX and France's CAC 40. Amid this positive environment, identifying undervalued stocks could offer opportunities for investors seeking value in companies that may not yet fully reflect their potential in current market valuations. Name Current Price Fair Value (Est) Discount (Est) Airbus (ENXTPA:AIR) €161.90 €321.90 49.7% Alfio Bardolla Training Group (BIT:ABTG) €1.92 €3.71 48.3% Absolent Air Care Group (OM:ABSO) SEK215.00 SEK417.40 48.5% Boreo Oyj (HLSE:BOREO) €15.70 €31.03 49.4% Ion Beam Applications (ENXTBR:IBAB) €11.18 €21.64 48.3% Claranova (ENXTPA:CLA) €2.76 €5.42 49.1% Lumibird (ENXTPA:LBIRD) €12.10 €23.62 48.8% Hybrid Software Group (ENXTBR:HYSG) €3.42 €6.66 48.6% Longino & Cardenal (BIT:LON) €1.45 €2.86 49.2% HBX Group International (BME:HBX) €10.04 €19.48 48.5% Click here to see the full list of 176 stocks from our Undervalued European Stocks Based On Cash Flows screener. Let's explore several standout options from the results in the screener. Overview: Cenergy Holdings SA manufactures and sells aluminium, copper, cables, steel and steel pipes, and other related products in Belgium and internationally, with a market cap of €1.95 billion. Operations: The company's revenue segments include €1.97 billion from cables and €784.56 million from steel pipes. Estimated Discount To Fair Value: 43.7% Cenergy Holdings is trading at €9.20, significantly below its estimated fair value of €16.36, making it an attractive option for those seeking undervalued stocks based on cash flows. The company's earnings have grown substantially, with a 91.1% increase over the past year and forecasts suggesting continued growth at 18.93% annually. Despite high debt levels, Cenergy's revenue and earnings are expected to outpace the Belgian market, enhancing its appeal relative to peers and industry standards. The growth report we've compiled suggests that Cenergy Holdings' future prospects could be on the up. Take a closer look at Cenergy Holdings' balance sheet health here in our report. Overview: Etteplan Oyj offers software and embedded solutions, industrial equipment and plant engineering, and technical communication services across Finland, Scandinavia, China, and Central Europe with a market cap of €295.42 million. Operations: Etteplan Oyj generates revenue through three main segments: Engineering Solutions (€193.36 million), Software and Embedded Solutions (€94.23 million), and Technical Communication Solutions (€70.87 million). Estimated Discount To Fair Value: 44% Etteplan Oyj, trading at €11.7, is significantly undervalued compared to its estimated fair value of €20.89, presenting a potential opportunity for cash flow-focused investors. Despite recent earnings guidance revisions and lower profit margins than last year, the company's earnings are forecasted to grow substantially at 27.43% annually, outpacing the Finnish market. However, high debt levels and recent volatility in share price may pose challenges for potential investors considering this stock. Our comprehensive growth report raises the possibility that Etteplan Oyj is poised for substantial financial growth. Unlock comprehensive insights into our analysis of Etteplan Oyj stock in this financial health report. Overview: USU Software AG, along with its subsidiaries, offers software and service solutions for IT and customer service management both in Germany and internationally, with a market cap of €227.63 million. Operations: The company's revenue is derived from two main segments: Product Business, contributing €90.33 million, and Service Business, generating €41.93 million. Estimated Discount To Fair Value: 27.8% USU Software, trading at €22.55, is considered undervalued with an estimated fair value of €31.24, offering potential for cash flow-focused investors. Despite modest revenue growth of 10% annually, its earnings are expected to rise significantly at 30.7% per year, surpassing the German market average. Recent innovations like AutoQML and USU FinOps enhance technological capabilities and cost management efficiency but low forecasted return on equity and slower revenue growth could be concerns for some investors. Our expertly prepared growth report on USU Software implies its future financial outlook may be stronger than recent results. Click here to discover the nuances of USU Software with our detailed financial health report. Dive into all 176 of the Undervalued European Stocks Based On Cash Flows we have identified here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ENXTBR:CENER HLSE:ETTE and HMSE:OSP2. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
European Market Value Stock Picks For Estimated Capital Growth
As the European markets experience a positive shift, with major indices like Germany's DAX and France's CAC 40 seeing gains due to improved sentiment from the U.S.-China trade de-escalation, investors are increasingly eyeing opportunities for growth. In this environment, identifying undervalued stocks becomes crucial as these equities may offer potential for capital appreciation by trading below their intrinsic value amidst broader economic improvements. Name Current Price Fair Value (Est) Discount (Est) Airbus (ENXTPA:AIR) €161.90 €321.90 49.7% Alfio Bardolla Training Group (BIT:ABTG) €1.92 €3.71 48.3% Absolent Air Care Group (OM:ABSO) SEK215.00 SEK417.40 48.5% Boreo Oyj (HLSE:BOREO) €15.70 €31.03 49.4% Ion Beam Applications (ENXTBR:IBAB) €11.18 €21.64 48.3% Claranova (ENXTPA:CLA) €2.76 €5.42 49.1% Lumibird (ENXTPA:LBIRD) €12.10 €23.62 48.8% Hybrid Software Group (ENXTBR:HYSG) €3.42 €6.66 48.6% Longino & Cardenal (BIT:LON) €1.45 €2.86 49.2% HBX Group International (BME:HBX) €10.04 €19.48 48.5% Click here to see the full list of 176 stocks from our Undervalued European Stocks Based On Cash Flows screener. Let's dive into some prime choices out of the screener. Overview: illimity Bank S.p.A. operates in Italy, offering private banking and investment and trading services, with a market cap of €315.95 million. Operations: illimity Bank S.p.A.'s revenue is derived from its operations in private banking and investment and trading services within Italy. Estimated Discount To Fair Value: 47.7% illimity Bank is trading at €3.81, significantly below its estimated fair value of €7.28, indicating a strong valuation case based on discounted cash flows. Despite a high level of bad loans (13.9%) and low allowance for them (30%), the bank's revenue is projected to grow 24.3% annually, outpacing the Italian market's growth rate. However, recent earnings showed a decline in net income to €0.261 million from €10.75 million year-over-year, highlighting potential short-term challenges amidst long-term growth prospects. The growth report we've compiled suggests that illimity Bank's future prospects could be on the up. Navigate through the intricacies of illimity Bank with our comprehensive financial health report here. Overview: Airbus SE, along with its subsidiaries, is involved in the design, manufacture, and delivery of aeronautics and aerospace products, services, and solutions globally with a market cap of €127.47 billion. Operations: The company's revenue is primarily derived from its Airbus segment at €51 billion, followed by Airbus Defence and Space at €12.34 billion, and Airbus Helicopters at €8.08 billion. Estimated Discount To Fair Value: 49.7% Airbus is trading at €161.90, significantly below its estimated fair value of €321.90, highlighting potential undervaluation based on discounted cash flows. The company's earnings have grown 38.5% annually over the past five years and are forecast to grow at 16.67% per year, outpacing the French market's growth rate of 12%. Recent collaborations with entities like Wiser Technology for ESA projects enhance Airbus's strategic positioning in aerospace innovation and digital infrastructure development. The analysis detailed in our Airbus growth report hints at robust future financial performance. Click here and access our complete balance sheet health report to understand the dynamics of Airbus. Overview: NCAB Group AB (publ) is involved in the manufacture and sale of printed circuit boards (PCBs) across Sweden, the Nordic region, the rest of Europe, North America, and Asia with a market cap of SEK8.47 billion. Operations: The company's revenue is segmented into East (SEK225 million), Europe (SEK1.77 billion), Nordic (SEK830 million), and North America (SEK797 million). Estimated Discount To Fair Value: 31.7% NCAB Group, trading at SEK45.28, is significantly undervalued based on discounted cash flow analysis with a fair value estimate of SEK66.32. Despite high volatility and reduced profit margins from 9.5% to 6%, its earnings are projected to grow at 28.3% annually, surpassing Swedish market expectations of 16.3%. Recent board changes and dividend suspension may impact investor sentiment but do not detract from the company's strong growth potential in earnings relative to the market. Our comprehensive growth report raises the possibility that NCAB Group is poised for substantial financial growth. Click here to discover the nuances of NCAB Group with our detailed financial health report. Click this link to deep-dive into the 176 companies within our Undervalued European Stocks Based On Cash Flows screener. Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments. Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include BIT:ILTY ENXTPA:AIR and OM:NCAB. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
