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Latest articles in Morocco
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
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
Strategy Note / Global

Correlation of EM and FM equities with Developed Markets, US$ and Commodities

We calculated correlations between a range of emerging (EM) and frontier (FEM, FM ex-GCC and GCC) equity indices and global commodity prices (S&P GSCI), oil price (Brent), the inverse of the US$, and developed market equities (MSCI World) over time p...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 11 June 2020
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
Flash Report - Equity / Morocco

Maroc Telecom to appeal MAD3.6bn fine

Morocco’s state telecoms regulator has fined Maroc Telecom MAD3.6bn (US$375mn), two years after Inwi sued the telco in March 2018 for uncompetitive practices relating to sharing of Maroc Telecom’s fixed network infrastructure. Inwi at the time sought...
Tellimer Research Tracy Kivunyu
Tracy Kivunyu @ Tellimer Research 3 February 2020
Strategy Note / Global

Coronavirus: UAE case a warning for global tourism

Global deaths related to the virus have exceeded 130, confirmed cases in China have exceeded 6,000, and confirmed cases outside China are about 60 (according to data, at the time of writing, from WHO, CDC, NHC, Dingxiangyuan John Hopkins CSSE). Below...
Tellimer Research Hasnain Malik
Hasnain Malik @ Tellimer Research 29 January 2020