Download PDF: Chile The cyclical bullish case for Chilean stocks is straightforward. Chilean earnings are set to improve dramatically from the higher copper prices, which will continue to enjoy structural boost from electrification of vehicle and green energy infrastructure demand, as discussed in a previous report. Chinese imports continue to pose strong number in recentContinue reading “EM Review: Chile, Brazil, Indonesia and Mexico”
Tag Archives: indonesia
Reassessing the Investment Thesis on EM Countries: Russia, Colombia, Chile, South Africa, and Indonesia
Download PDF: Russia -Neutral View + The tendency for oil prices is to move higher as global lockdown restrictions are lifted and a nation-wide lockdown is averted amid the virus’ second wave infection. Half of Russian equity index is dominated by energy companies and the economy is also very dependent on oil prices, making RussianContinue reading “Reassessing the Investment Thesis on EM Countries: Russia, Colombia, Chile, South Africa, and Indonesia”
A Tale of Two Countries: Indonesia and Philippines
Download PDF: As a rising growth star in the Emerging Market universe and South East Asia region, both Indonesia and Philippines share many similarities. First, both countries run fiscal and current account deficit. Second, both have a government that are currently focusing on building the country’s capital through multi-year infrastructure projects. Third, they have aContinue reading “A Tale of Two Countries: Indonesia and Philippines”
Indonesia: An In-Depth Analysis
Download PDF: Preparing the Groundwork for A Takeoff Indonesia’s macro profile has significantly improved in the past decade despite still running fiscal and current account deficit. First, government spending has been reoriented toward building human and capital stock, supported by the country’s high savings rate, while public debt level remained among the lowest across EMContinue reading “Indonesia: An In-Depth Analysis”
Research Note: A Look at Emerging Market Financials
Download PDF: A Look at EM Financials K List of Interesting EM Banks: EM Banks EM banks are relatively more interesting compared to its DM counterpart, especially European and Japanese banks, that have become a collateral damage from negative interest rate policy. EM firms are heavily underleveraged compared to its DM counterpart. Banks in Indonesia,Continue reading “Research Note: A Look at Emerging Market Financials”
Indonesia: Country Overview
Download PDF: Indonesia Research Two decades after the Asian Financial Crisis that created a havoc in Indonesian economy and politics, Indonesian role in global trade has been stagnating… … and is still very much influenced by the fluctuation in commodity prices, although at a lesser extent. Relative to other Emerging Market countries, Indonesia’s integration toContinue reading “Indonesia: Country Overview”
Lessons from Past Equity Market Responses During Periods of High Inflation
Download PDF: Market Responses During Periods of High Inflation Recent crisis in Argentina and Turkey have left me wonder, why does equity markets in local currency terms always corrects during periods of high inflation although in the medium-term corporates are able to maintain their margin through gradual increase of price of their products? My logicContinue reading “Lessons from Past Equity Market Responses During Periods of High Inflation”
Equity Research Report: Telekomunikasi Indonesia 3Q17
Read better with the PDF file: TKM Report Telkom Indonesia: Cheap Valuation Despite Strong Performance Recommendation: BUY Target Price : Rp 5.580 Closing Price : Rp 4440 Upside (Downside) Potential : +25.8% Company Profile PT Telekomunikasi Indonesia Tbk offers telecommunications and network services. The Company’s segments include Corporate, Home, Personal and Others. TheContinue reading “Equity Research Report: Telekomunikasi Indonesia 3Q17”
Equity Research Report: Metrodata Electronics 3Q17
Download the Report in PDF: MTDL Report METRODATA ELECTRONICS Tbk: Valuation MTDL.IJ (Indonesian Equity) Recommendation: BUY Target Price : Rp 930 Closing Price : Rp 595 Upside (Downside) Potential : 57.0% Company Profile PT Metrodata Electronics Tbk is an Indonesia-based information technology company. It is engaged in the provision of IT productsContinue reading “Equity Research Report: Metrodata Electronics 3Q17”
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