Although Nigeria has failed to solve its energy crisis (despite the power sector’s privatisation in 2013), various companies are now rising to the challenge providing unique solutions across the value chain. Nigeria received US$203.3mn (according to...

Before the pandemic hit the country, Bangladesh's economy maintained a steady 6%+ growth rate during FY10-FY15 and 7.0%+ growth rate during FY16-FY18, and 8.15% in FY19. Bangladesh’s foreign exchange reserve reached USD 43bn landmark in December, 202...

We forecast ASPI to reach 7,400-7,600 in 2021, with local investors continuing to carry the mantle. Emerging markets may be ready for prime time in 2021; Sri Lanka will see latent flows compared with peers due to risks. Sector Pick: We see the strong...

We update our estimates for Aluminium Bahrain (Alba) post a Q3 20 net loss of BHD11.6mn, weaker than our net profit estimate of BHD4.6mn–see preview note. The stock trades at 8.3x 2020f EV/EBITDA (versus peers at 7.7x), and offers a 2020f and 2021f f...

The prospect of a Covid-19 vaccine is a joyous occasion for the market. This temperature is far far lower than a normal domestic freezer which operates at -10c at best. Many logistics companies such as Fedex operate cold chains. In Asia, there are a...

Once again, unorthodox monetary policies by the CBRT and how it has managed its reserves since the past year, have led to a massive Turkish lira devaluation (47% y/y against US$ and 56% y/y against Euro). At 9.1x 2020 P/E (6.8x Bloom. We are also con...