|Bid||15.00 x 0|
|Ask||15.00 x 0|
|Day's Range||14.88 - 15.00|
|52 Week Range||14.88 - 18.49|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.50|
Fairfax India Holdings (TSX:FIH.U) looks like a big long-term market-beater. Here's why it's time to back up the truck.
Fairfax India Holdings Corporation (“Fairfax India”) (FIH-U.TO) in 2016 completed an investment in Sanmar Chemicals Group (“Sanmar”), comprised of $300 million (INR 19.9 billion) principal amount of bonds maturing on April 22, 2023 and common shares (representing a 30% equity interest). Fairfax India is pleased to announce that it has entered into an agreement with Sanmar pursuant to which Sanmar will settle the $300 million (INR 19.9 billion) of bonds for consideration equal at the date of cancellation to the bonds’ principal amount plus an effective annual interest rate of 13.0%, which at March 31, 2019 would be approximately $388 million (approximately INR 28.2 billion) (this and all further U.S. dollar amounts in this release are calculated at current exchange rates).
Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) and Fairfax India Holdings (TSX:FIH.U) offer emerging market alternatives in September.
Why Fairfax India Holdings Corp (TSX:FIH.U) is the ultimate buy. Why Buffett and Watsa are both bullish on India's growth opportunity.
Fairfax India Holdings Corporation (“Fairfax India”) (FIH-U.TO) announces that it has appointed Lauren Templeton as an independent director and Sumit Maheshwari as a director. Mr. Maheshwari is the Managing Director and Chief Executive Officer of Fairbridge Capital Private Limited and has been an integral part of the Fairbridge team since 2011. Prior to joining Fairbridge, Mr. Maheshwari was at KPMG in India in their audit and accounting advisory practices. Mr. Maheshwari is a recognized accounting expert, with particular strength in translating between Indian GAAP, U.S. GAAP and IFRS accounting standards. He is a qualified Chartered Accountant, holds a Master of Business Administration degree from the Indian School of Business, Hyderabad, and Bachelor of Commerce & Master of Commerce degrees from the University of Mumbai. Mr. Maheshwari serves on the board of directors of National Collateral Management Services Limited, NCML Finance Private Limited and Fairchem Specialty Limited, they are investees of Fairfax India.
The iShares Japan Fundamental Index (TSX:CJP) and two other stocks on the TSX offer exposure to three major Asian economies.
Fairfax India Holdings Corporation (FIH-U.TO) announces a net loss of $69.6 million in the second quarter of 2018 ($0.45 net loss per diluted share) compared to net earnings of $268.6 million in the second quarter of 2017 ($1.74 net earnings per diluted share), reflecting net unrealized losses on investments. The second quarter of 2018 included a net change in unrealized losses on investments of $39.5 million, principally from a decrease in the market price of the company's investment in the public company IIFL that depreciated by $47.3 million, partially offset by an increase in the fair values in the company's investments in the private companies BIAL of $8.2 million and Sanmar bonds of $7.1 million.
India’s growth is an impressive story, and investors may want to add Fairfax India Holdings Corp. (TSX:FIH.U) to get in on its rise.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, June 28, 2018-- Fairfax India Holdings Corporation announces that it has completed a $550 million, 1- ...
Why Fairfax Africa Holdings Corp. (TSX:FAH.U) and Fairfax India Holdings Corp. (TSX:FIH.U) can help your portfolio get the international diversification it needs.
India is attracting huge foreign investment in 2018, which should drive Canadian investors to Fairfax India Holdings Corp. (TSX:FIH.U).
Emerging markets are set to continue their momentum in 2018, and stocks such as Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) and Fairfax India Holdings Corp. (TSX:FIH.A) could be big winners.
Growth in Africa has failed to surpass pre-recession levels, and Fairfax Africa Holdings Corp. (TSX:FAH.U) stock has started poorly in 2018.
India is poised to become the fifth-largest economy in the world in 2018. Investors should be looking to Fairfax India Holdings Corp. (TSX:FIH.U).