Tellimer Research
Tellimer Research

Tellimer Research

Coverage: Sub Sahara Africa, Europe/CIS, MENA, Asia, LatAm
World-class macroeconomic, stock & debt market insights from Tellimer's global team of emerging markets analysts.
Location: London, Dubai, Lagos, Nairobi

Latest articles from Tellimer Research

Weekend Reading / Global

Expensive endgame: Oil prices will rise in energy transition, good for oil EMs

Two decades ago, I was a precocious new political analyst in Shell’s scenario planning team. My colleague Janet Ogunkoya argues that Africa, which relies on international oil companies (IOCs, also known as oil majors or supermajors) more than other r...
Tellimer Research Paul
Paul Domjan @ Tellimer Research 24 July 2021
Expensive endgame: Oil prices will rise in energy transition, good for oil EMs
Expensive endgame: Oil prices will rise in energy transition, good for oil EMs

Nigeria banks intensify search for new growth engines

We previously wrote on how Nigeria banks are pursuing holding company structures (holdcos), to access new markets where they have strong competitive advantages. However, holdcos tend to have increased regulatory scrutiny, too, as, depending on their ...
Tellimer Research Busola
Busola Jeje @ Tellimer Research 23 July 2021
Nigeria banks intensify search for new growth engines
Nigeria banks intensify search for new growth engines
Flash Report / Indonesia

Three questions that Bukalapak’s blockbuster IPO raises

Indonesian e-commerce company Bukalapak's US$1.5bn IPO is set to trade on 6 August. Is Bukalapak’s valuation defendable? Bukalapak is priced at a massive premium to its bigger rivals Tokopedia and Alibaba. The company is priced at 47x FY 21 P/Sales (...
Tellimer Research Nirgunan
Nirgunan Tiruchelvam @ Tellimer Research 23 July 2021
Three questions that Bukalapak’s blockbuster IPO raises
Three questions that Bukalapak’s blockbuster IPO raises

Iran's new oil pipeline avoids Hormuz but it really needs new output capacity

Iran inaugurated an oil pipeline that circumvents the Strait of Hormuz on 22 July. Assuming there is ultimately progress on negotiations with the US over the nuclear deal, this modestly reduces the risk to long-term global oil supply and, from an Ira...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 22 July 2021
Iran's new oil pipeline avoids Hormuz but it really needs new output capacity
Iran's new oil pipeline avoids Hormuz but it really needs new output capacity

How to mitigate the regulatory risks of US-listed Chinese firms

Bloomberg reports that Beijing is likely to impose more severe sanctions on Chinese ride-hailing giant Didi than it did on Alibaba, which was hit by a US$2.8bn fine. For this latter group of investors, we have compiled lists of alternative investment...
Tellimer Research Rahul
Rahul Shah @ Tellimer Research 22 July 2021
How to mitigate the regulatory risks of US-listed Chinese firms
How to mitigate the regulatory risks of US-listed Chinese firms

Debt sustainability after Covid: The markets most at risk

Public debt has risen around the world in response to Covid, due to widening budget deficits as governments have faced higher spending needs amid lower revenues. The pessimistic argument is that: compared with emerging markets (EM), which saw an even...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 21 July 2021
Debt sustainability after Covid: The markets most at risk
Debt sustainability after Covid: The markets most at risk