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Latest articles in Mauritius
Strategy Note / Global

Sub Sahara Africa manufacturing potential: Ethiopia tops our regional scorecard

The investment to realise that manufacturing potential is likely driven by serving local and nearby regional markets in contrast to North Africa (EU exports) or South East Asia (global exports and China relocation). Our relative scorecard uses the sa...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 3 September 2020
Sub Sahara Africa manufacturing potential: Ethiopia tops our regional scorecard
Sub Sahara Africa manufacturing potential: Ethiopia tops our regional scorecard
Weekend Reading / Mauritius

Mauritius shows the difficulty in defining ‘winners’ in the Covid-19 trek

Each year in July, Mauritius hosts the Dodo Trail, an extreme 50km race that starts before sunrise at the foot of the famous Le Morne Brabant (pictured above), and crosses the peaks and tracks of south-west Mauritius with four major climbs and an ove...
Tellimer Research
Ian Hamilton
Ian Hamilton @ Tellimer Research 15 August 2020
Mauritius shows the difficulty in defining ‘winners’ in the Covid-19 trek
Mauritius shows the difficulty in defining ‘winners’ in the Covid-19 trek
Company Analysis - Commissioned / Mauritius

Lower forecasts on asset clean-up, Covid-19 provisioning

We see SBMH delivering MUR447mn net profit this year; the key delta is higher risk costs due to Mauritius’ vulnerabilities to the global slowdown. Significant changes in the Board’s composition earlier this year (which saw more than half the members...
Tellimer Research Rahul Shah
Rahul Shah @ Tellimer Research 16 July 2020
Strategy Note / Global

Africa ex-SA equity strategy: Egypt is the least bad

Covid-19 remains a significant economic challenge across the continent. This combination of factors is best demonstrated in Mauritius, the region's worst performer, where the FX rate has depreciated c10% ytd, Moody's sovereign credit outlook was down...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 30 June 2020
Africa ex-SA equity strategy: Egypt is the least bad
Africa ex-SA equity strategy: Egypt is the least bad
Strategy Note / Global

Chasing technology's tail: EM equity strategy overview

In 2006 I was an analyst on global technology equities. This would be unwelcomed for the investment case given the military’s continuing, overbearing indirect grip on the economy and the strain put on the fiscal deficit from Covid-19 disruption. Equi...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 28 June 2020
Chasing technology's tail: EM equity strategy overview
Chasing technology's tail: EM equity strategy overview
Strategy Note / Global

Tourism: 'Staycation' buffer for some (India) more than others (Iceland) in EM

The risk of an overseas vacation is that we are forced into quarantine either on arrival or on return should we contract Covid-19 or venture to a country where policy is focused on lifting lockdowns, rather than minimising infections (see Death by Co...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 8 June 2020
Tourism: 'Staycation' buffer for some (India) more than others (Iceland) in EM
Tourism: 'Staycation' buffer for some (India) more than others (Iceland) in EM