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Nigeria Cement: Infrastructure needs and growing export market boost outlook

In this report, we highlight our positive outlook on Nigeria's cement market. In 2020, Dangote increased plant capacity by 3Mt with Obajana line 5. On the other hand, the impact of Dangote's addition of 3Mt with the Obajana line 5 was almost unnotice...
Tellimer Research Janet
Janet Ogunkoya @ Tellimer Research 7 April 2021
Nigeria Cement: Infrastructure needs and growing export market boost outlook
Nigeria Cement: Infrastructure needs and growing export market boost outlook

SGD1 billion nickel fraud casts a dark cloud over commodity trading

The volatility from Covid-19 has claimed another victim among commodity traders. Envyvision Wealth Management, a Singapore-incorporated commodity trader, has allegedly been cheated by one of its directors Ng Yu Zhi. The allegations state that Envyvis...
Tellimer Research Nirgunan
Nirgunan Tiruchelvam @ Tellimer Research 23 March 2021
SGD1 billion nickel fraud casts a dark cloud over commodity trading
SGD1 billion nickel fraud casts a dark cloud over commodity trading

Aluminium Bahrain: Q4 20 update – Weak dollar, global recovery support aluminium prices

We update our estimates for Aluminium Bahrain (Alba) post a Q4 20 net profit of BHD32mn. While we have seen steady increases in alumina prices as economic activities boost demand (in line with our expectations), the current ratio to aluminium prices ...
Tellimer Research Vahaj
Vahaj Ahmed @ Tellimer Research 19 February 2021

Aluminium Bahrain: Q4 20 preview – Global aluminium price recovery to bolster performance

Aluminium Bahrain (ALBA) will report Q4 20 results on 10 Feb 2021. Following the increase in global aluminium prices, we estimate that Alba's realised prices averaged US$1,980/tonne in Q4 20 as compared to US$1,777/tonne in Q3 20. This offset slightl...
Tellimer Research Vahaj
Vahaj Ahmed @ Tellimer Research 3 February 2021

Reddit users are right about Silver

Silver has become the latest beneficiary of the Reddit-driven boom. Silver prices have surged to US$29.7 after a Reddit discussion board projected higher prices for the precious metal. Apmex, the biggest clearing house for precious metals, was strugg...
Tellimer Research Nirgunan
Nirgunan Tiruchelvam @ Tellimer Research 1 February 2021
Reddit users are right about Silver
Reddit users are right about Silver

Mexico Top Picks 2021: Favouring recovery and valuation

Having come to the end of a year of important and highly complex challenges, 2021 holds better prospects, supported by the expected recovery and the beginning of the path towards a new post-pandemic normality. We believe that appetite for risky asset...
Banorte Marissa
Marissa Garza Ostos @ Banorte 25 January 2021
Mexico Top Picks 2021: Favouring recovery and valuation
Mexico Top Picks 2021: Favouring recovery and valuation