Strategy Note /

Bailouts & Devals: coming to a Frontier near you

    Hasnain Malik
    Hasnain Malik

    Strategy & Head of Equity Research

    Tellimer Research
    11 June 2018
    Published byTellimer Research
    Argentina-IMF, G7-Trump, Jordan-GCC, Pakistan-deval … and it isn’t even midday on Monday! Some initial thoughts below. Put simply, in this environment, I reiterate one of the messages from my May strategy monthly report (the most interesting stocks are those you liked a few months ago in Philippines and Vietnam but you felt were too expensive to buy at that time), but I also have to question one of the premises in that same monthly (the bailouts for Argentina and Jordan suggest that maybe external vulnerabilities will be navigated more easily than feared, so maybe a little less risk for the likes of Egypt and Pak).