Vietnam has issued a new policy to promote the development of solar power projects, commonly known as Decision 13, effective 22 May 2020. While this ends ten months of policy uncertainty, the new feed-in tariffs (FiTs) will only be able to...

In our latest look at the impact of the economic shock brought on by Covid-19, we focus on business models. We think the adoption of automation in manufacturing will accelerate, and stockpiling for corporate and national security purposes will be giv...

We update our estimates for Aluminium Bahrain (Alba) post Q4 19’s better-than-expected net profit of BHD13.6mn (versus our estimate of BHD13.0mn) and an unexpected cash dividend of BHD0.001 – see preview note. The stock trades a...

Aluminium Bahrain (ALBA) will report its Q4 19 results on 13 February. We expect the company to post net profit for the quarter of BHD13.0mn. This compares with a net loss of BHD17.5mn in Q4 18 and a net profit of BHD10.7mn in Q3 19. We do not e...

AERMEX on 31 January issued debut senior unsecured bonds at 7% flat (due 2025 and rated B2/BB/NR). As we predicted, the bonds are already trading up and, today, are at cUS$101.00 (ALLQ) to yield c6.76% (g-spread 542bps; z-spread 541bps) –...

We expect 2020 to be a more positive year for the Saudi economy, with stronger growth driven by the non-oil sector as a result of progress on the Vision Realisation Programs (VRPs) and the domestic investment of the proceeds of the Saudi Aramco...