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Dinakar Singh's Sohn Canada Presentation: Long Hitachi & India Private Banks

We're posting up notes from the Sohn Canada Investment Conference 2015 (Capitalize For Kids.)  Next up is Dinakar Singh from TPG Axon.  He pitched two long ideas: Hitachi and India private banks (Yes Bank and Axis Bank).

Dinakar Singh's Sohn Canada Presentation

-    Currently seeing problem markets rather than problem world
-    Services are doing well and manufacturing is doing poorly
-    Zero capex growth in 1990’s, may see this happen again
-    See opportunities in Japan (through restructurings) and India (earnings growth)
-    Long Hitachi: see operating margins improving from 6.5% to 10%, 8x PE, see going to 14x in line with industry
-    Long India private banks (Yes Bank and Axis Bank): bank sector restructuring, consumer growth, cyclical recovery, dramatic growth for private banks

Be sure to check out the rest of the presentations from the Sohn Canada Conference.