FRC Top Pick Getting Acquired by AngloGold  

In this note, we raise our 12M target price for Mail.ru Group by 18% to $42.2 per GDR (RUB3,125 per local share). Mail.ru trades at a substantial 42% discount to the median level on 2021E EV/EBITDA. … On the JV side, continuous speculations in the pr...

Having not taken a holiday last summer, I’m taking two weeks of proper staycation this summer. It’s a great case study for anyone following emerging markets of the complex criminal and commercial networks that tie developed countries to emerging ones...

Over 40 countries across the world have reportedly launched 5G commercially but progress is extremely uneven. Ultimately, the maturity and affordability of 4G will lead to a natural push towards 5G, as in the rest of the world, but there is still a l...

Pakistan’s investment industry is deeply underpenetrated. There is scope for more investechs in Pakistan. This is similar to what we have seen in other markets; for example, Ant Group, the world’s largest fintech, started as a payments platform (Alip...