Tuesday tips round-up: JP Morgan India, GlaxoSmithKline, YouGov

13th Oct 2009 06:41

Some economists have suggested that India's growth may outstrip that in China over the next few years, as major exporting countries are still hampered by the slowdown in global trade.JP Morgan India Investment Trust's latest net asset value per share, on a fully-diluted basis, is 387.17p a share and this investment trust remains a core long-term holding. The rating is moved back to buy from hold says the Telegraph. Emerging market equity indices are now halfway back towards their all-time highs. Mark Mobius, chairman of Templeton Asset Management, thinks that old high will be surpassed, albeit with the caveat that there will be corrections on the way. Shares in Templeton Emerging Markets Trust are up 77% since they were first recommended and the stance is now returned to buy says the Telegraph.Andrew Witty, GlaxoSmithKline's chief executive, who is approaching his 18-month anniversary at the helm, has largely delivered on his promise of diversifying the group, moving away from big blockbuster drugs and instead concentrating on a mixed portfolio of operations. GSK is a solid investment, regardless of any gains it might enjoy from swine flu. Buy says the Independent.Whether market researcher YouGov regains its high-growth mantle depends on its ability to rapidly improve its margin from the implied 7% level that it achieved over the past year. If it achieves that aim, the stock is sitting on an undemanding valuation. Yet, with little detail in the outlook to justify such enthusiasm, shares could remain relatively depressed in the short term. Hold says the Times.While there was no repetition of the major profit warning in the first quarter, YouGov expects the "current challenging economic conditions" to continue and, given the bump in shares following results, the Independent is nervous. Hold on for better times it says.Innovation Group, a software company that handles all sorts of tedious business processes, mainly for insurers, has seen its shares rally by almost 130 per cent since the beginning of this year. The stock now trades on a relatively undemanding multiple of 12 times brokers' earnings for 2011. Hold for now says the Independent.Construction data may suggest that things are getting better, but a trading update from Speedy Hire offered a stark reminder yesterday that the sector is not out of the woods. Trading uncertainty continues and investors may hear more bad news before a recovery. As such, only the brave would continue to hold. Sell says the Times.Please note: Digital Look provides a round-up of news, tips and information that is impacting share prices and the market. Digital Look cannot take any responsibility for information provided by third parties. This is for your general information only as not intended to be relied upon by users in making an investment decision or any other decision. Please obtain a copy of the relevant publication and carry out your own research before considering acting on any of this information.