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Uncertainty still looms for Nigerian banks | Frontier Markets
https://frontiermarkets.wordpress.com/2012/07/20/shedding-over-n
Random macro musings centered around the frontier. Uncertainty still looms for Nigerian banks. July 20, 2012 in Financial Services. Reiterates the “non-significance between CAR and selected bank profitability and performance metrics” while suggesting regulators focus rather on “intrinsic elements of bank operational activates” in terms of cultivating stability. For Nigeria’s banks, the work has just begun. Enter your email address to subscribe to this blog and receive notifications of new posts by email.
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Cote d’Ivoire debt reduction boosts bond; structural concerns linger | Frontier Markets
https://frontiermarkets.wordpress.com/2012/07/03/cote-divoire-debt-reduction-boosts-bond-structural-concerns-linger
Random macro musings centered around the frontier. Cote d’Ivoire debt reduction boosts bond; structural concerns linger. July 3, 2012 in Ivory Coast. Moreover even near-term supply concerns persist. Despite last season’s weather buffeted record surplus (evidenced by the market’s apparent backwardation), a signal for some at least that reforms may have been haphazardly rushed in part to appease Paris Club debtors at the expense of adequately addressing a host of concerns from domestic farmers. Cote d’Ivoi...
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Kenya: Can real yields offset otherwise negative FX fundamentals? | Frontier Markets
https://frontiermarkets.wordpress.com/2012/04/23/kenya-can-real-yields-offset-otherwise-negative-fx-fundamentals
Random macro musings centered around the frontier. Kenya: Can real yields offset otherwise negative FX fundamentals? April 23, 2012 in Kenya. Bali, Turan G. and Demirtas, Ozgur K. Testing Mean Reversion in Stock Market Volatility. September 2006. Available at: http:/ papers.ssrn.com/sol3/papers.cfm? Http:/ www.fews.net/docs/Publications/Kenya FSOU 2012 03 final.pdf. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Join 67 other followers. Consumer Goods ...
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Falling rates do not overcome opacity of Vietnamese NPLs | Frontier Markets
https://frontiermarkets.wordpress.com/2012/04/18/falling-rates-do-not-overcome-opacity-of-vietnamese-npls
Random macro musings centered around the frontier. Falling rates do not overcome opacity of Vietnamese NPLs. April 18, 2012 in Vietnam. Now well below August’s 23 percent peak and last year’s 18.6 percent average (triggering a reverse repo cut in March, followed by refinance and discount rate cuts this month. Yet while looser monetary policy feeds M2 growth (total money supply up 1.06 percent in 1Q2012) and presumably fuels liquidity (local papers cited an unnamed SBV Deputy Governor in March, for in...
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Look for Angola investment growth to outpace that of savings in coming years | Frontier Markets
https://frontiermarkets.wordpress.com/2012/04/04/look-for-angola-investment-to-outpace-savings-in-coming-years
Random macro musings centered around the frontier. Look for Angola investment growth to outpace that of savings in coming years. April 4, 2012 in Angola. The disinflationary trend is an ideal backdrop for the newly effected energy sector FX regime requiring the financial intermediation of petroleum operations by banks domiciled in Angola [i]. In the face of limited access to imported goods due to poor logistics (which underpins sticky core inflation). Diverging from the country’s growing current account ...
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Structural inflation in Tanzania evidenced by sticky core inflation, though FDI could cushion currency | Frontier Markets
https://frontiermarkets.wordpress.com/2012/05/03/structural-inflation-in-tanzania-evidenced-by-sticky-core-inflation-though-fdi-could-cushion-currency
Random macro musings centered around the frontier. Structural inflation in Tanzania evidenced by sticky core inflation, though FDI could cushion currency. May 3, 2012 in Tanzania. Given the reserves delta (i.e. rate of change) actually. Strength versus Kenya). Speaking to the former point, given continent wide dynamics the country’s steady FDI backing isn’t surprising: a 2011. To the latter issue while minerals (i.e. gold) made up approximately 40 percent of exported foreign trade flows, manufact...Avail...
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Tanzania brewer offers a tasty respite from troubled macro | Frontier Markets
https://frontiermarkets.wordpress.com/2012/05/14/tanzania-brewer-offers-a-tasty-respite-from-troubled-macro
Random macro musings centered around the frontier. Tanzania brewer offers a tasty respite from troubled macro. May 14, 2012 in Tanzania. An admittedly lofty price target for Tanzania Breweries. Comes in spite of a restrictive cost of capital estimated using a somewhat convoluted approach that borrows concepts from valuation wonk and professor Aswath Damodaran. Professor Vivian Okere’s 2007 paper on WACC and frontier markets. Cost of Capital Model. Join 67 other followers. About Tigers and Frontiers.
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Saudi equities: still fundamentally cheap? | Frontier Markets
https://frontiermarkets.wordpress.com/2012/04/08/saudi-equities-still-fundamentally-cheap
Random macro musings centered around the frontier. Saudi equities: still fundamentally cheap? April 8, 2012 in Saudi Arabia. 8220;Sell the news” could theoretically apply to the sudden rash of Saudi equity related articles of late highlighting bullish managers such as Mark Mobius and John Burbank (to that end we’ve been bulls for years; see archive. With an eye towards ultimately garnering MSCI ’emerging’ status. Join 67 other followers. About Tigers and Frontiers. African Capital Markets News. 8212; Alt...
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Lack of liquidity may keep a lid on Vietnamese equities | Frontier Markets
https://frontiermarkets.wordpress.com/2012/06/10/lack-of-liquidity-may-keep-a-lid-on-vietnamese-equities
Random macro musings centered around the frontier. Lack of liquidity may keep a lid on Vietnamese equities. June 10, 2012 in Vietnam. Finally, the desire to ease funding mechanisms contrasts with the natural maturation of the country’s credit cycle. Enter your email address to subscribe to this blog and receive notifications of new posts by email. Join 67 other followers. About Tigers and Frontiers. African Capital Markets News. Flying Carpets and Broken Pipelines. Frontier Market Oriented Funds and Firms.
