Refine by sector
Latest articles in Argentina

IMF: Weakening fiscal balance sheets biggest concern for EM beyond 2021

Emerging and Developing Asia (+8.6% in 2021; +6.0% in 2022) remain the growth locomotive of the emerging and developing world. Given the recent rise in core rate yields, tighter financial conditions pose a noteworthy risk to the recovery. EM Asia is ...
ING Think
ING Think 8 April 2021
IMF: Weakening fiscal balance sheets biggest concern for EM beyond 2021
IMF: Weakening fiscal balance sheets biggest concern for EM beyond 2021

IMF statement on Argentina is little to show for months of talks

The IMF's statement on Argentina published yesterday is a bit of a damp squib. There was "shared recognition" of the need for policies to boost value-added exports and productivity. The two sides will continue working together with a view to "deepeni...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 26 March 2021
IMF statement on Argentina is little to show for months of talks
IMF statement on Argentina is little to show for months of talks

EM Credit: Attacked from the core

A concession has built in emerging markets. However, the higher rates narrative is not over. The dominant influence on credit market performance so far in 2021 has come from the ratchet higher in core bonds yields. A broadening in global recoveries t...
ING Think
ING Think 16 March 2021
EM Credit: Attacked from the core
EM Credit: Attacked from the core

One year on – four quality emerging market bank stocks left behind by the rally

We identify four high-quality names that are likely to see a bounce-back in performance, and that are still trading at discounted multiples. We also identify four banks that have rallied hard and are now pricing in structural improvements in performa...
Tellimer Research Rahul
Rahul Shah @ Tellimer Research 15 March 2021
One year on – four quality emerging market bank stocks left behind by the rally
One year on – four quality emerging market bank stocks left behind by the rally

Argentina: IMF negotiations to drag on despite looming official debt repayments

It has been three months since the IMF's statement on the commencement of formal programme negotiations, when we warned there was still a long way to go, and indeed, not much has changed. Delaying an IMF agreement, however, also allows economic imbal...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 25 February 2021
Argentina: IMF negotiations to drag on despite looming official debt repayments
Argentina: IMF negotiations to drag on despite looming official debt repayments

MercadoLibre: MercadoLibre: The Alibaba of Latin America

We initiate coverage on MercadoLibre (MELI) with a SOTP-based target price of US$2,286 and a Buy recommendation, implying 18% upside. MercadoLibre is looking to emerge as a one-stop-shop platform, along the lines of Alibaba. The combined market cap o...
Tellimer Research Nirgunan
Nirgunan Tiruchelvam @ Tellimer Research 17 February 2021
MercadoLibre: MercadoLibre: The Alibaba of Latin America
MercadoLibre: MercadoLibre: The Alibaba of Latin America