X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2017 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
SSI heads towards the far east. - Views on News from Equitymaster
 
 
  • PRINT
  • E-MAIL
  • FEEDBACK
  • A  A  A
  • Apr 1, 2000

    SSI heads towards the far east.

    According to Business Line reports, SSI has entered into a joint venture agreement with Technology Venture Holdings, a Hong Kong based Information Technology group.

    SSI, formerly known as Software Solutions Integrated is India’s third largest software education company and is based in Chennai. It specialises in Oracle based and e-commerce education and has 350 training centres in India.

    Technology Venture Holdings is a company with Rs 1.375 billion investments, with a market capitalisation of nearly Rs. 10 billions.

    The new venture is to be christened as Top Train and SSI will acquire a 9 % stake in the company through it’s wholly owned subsidiary Clientsoft Inc US. Top Train will be engaged in providing software education in the areas of oracle and e-commerce.

    China and Hong Kong are largely untapped areas so far as software education is concerned. As the boom in software continues globally, more and more students are enrolling for software education. As such the venture is bound to do well. The only hitch seems to be translating the educational content from English to Mandarin, to suit requirements of Chinese students.

    The joint venture is in line with SSI’s plans to establish itself as a global player in software education.

    China and Hong Kong which are traditionally hardware based countries are eager to transit into software, where profit margins are higher and salaries better.

    The present move should add to the bottomline of the company, as profit margins are expected to be better than those prevailing in Indian markets that are overcrowded.

    Market view:
    As the opening of such centres in the Far East and elsewhere in the world should boost the top line and bottom line growth of the company, Analysts have rated the stock has a “Buy”. However a note of caution must be sounded. Technology stocks globally have been undergoing a major re-rating exercise. Several renowned experts have warned of declines of upto 100 % in valuations of technology stocks.

     

     

    Equitymaster requests your view! Post a comment on "SSI heads towards the far east.". Click here!

      
     

    More Views on News

    Tech Mahindra: Our Revised View (Quarterly Results Update - Detailed)

    Aug 2, 2017

    A better than expected turnaround in performance results in a change in view.

    Wipro: A Decent Start to the Year (Quarterly Results Update - Detailed)

    Jul 27, 2017

    Digital services drive growth for Wipro in 1QFY18.

    Infosys: A Decent Start to FY18 (Quarterly Results Update - Detailed)

    Jul 14, 2017

    Infosys starts FY18 on an encouraging note with a stable performance.

    TCS: Currency Volatility Plays Spoilsport (Quarterly Results Update - Detailed)

    Jul 14, 2017

    TCS starts FY18 decently despite an adverse currency impact.

    HCL Tech: Ends FY17 on Expected Lines (Quarterly Results Update - Detailed)

    Jun 29, 2017

    Volvo partnership caps a good year for HCL Technologies.

    More Views on News

    Most Popular

    Demonetisation Barely Made Any Difference to Tax Collections(Vivek Kaul's Diary)

    Aug 7, 2017

    The data tells us quite a different story from the one the government is trying to project.

    A 'Backdoor' to Multibaggers: It's Like Investing in Asian Paints Ten Years Ago(The 5 Minute Wrapup)

    Aug 10, 2017

    Don't miss these proxy bets on growing companies or in a few years you will be looking back with regret.

    Should You Invest In Bharat-22 ETF? Know Here...(Outside View)

    Aug 8, 2017

    Bharat-22 is one of the most diverse ETFs offered so far by the Government. Know here if you should invest...

    Signs of Life in the India VIX(Daily Profit Hunter)

    Aug 12, 2017

    The India VIX is up 36% in the last week. Fear has gone up but is still low by historical standards.

    7 Financial Gifts For Your Sister This Raksha Bandhan(Outside View)

    Aug 7, 2017

    Raksha Bandhan signifies the brother-sister bond. Here are 7 thoughtful financial gifts for sisters...

    More
    Copyright © Equitymaster Agora Research Private Limited. All rights reserved.
    Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.

    LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

    SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.

    Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
    Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
     

    Become A Smarter Investor In
    Just 5 Minutes

    Multibagger Stocks Guide 2017
    Get our special report, Multibagger Stocks Guide (2017 Edition) Now!
    We will never sell or rent your email id.
    Please read our Terms

    HEXAWARE TECHNOLOGIES SHARE PRICE


    Aug 18, 2017 12:48 PM

    TRACK HEXAWARE TECHNOLOGIES

    • Track your investment in HEXAWARE TECHNOLOGIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
    • Add To MyStocks

    MORE ON HEXAWARE TECHNOLOGIES

    HEXAWARE TECHNOLOGIES - HOV SERVICES COMPARISON

    Compare Company With Charts

    COMPARE HEXAWARE TECHNOLOGIES WITH

    MARKET STATS