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Karooooo Limited went public in April 2021, raising $29 million in an IPO. The Singapore-based company provides vehicle telematics solutions to businesses worldwide. KARO has produced respectable results through the pandemic but appears fully valued and has currency risks. I'm...
AFK provides exposure to publicly-listed companies doing business in Africa. AFK is trading at less than 10x earnings, which is fairly valued in my opinion given the specific risks associated with emerging markets. As the probability of a global recession is now higher than a...
EM debt currently offers value to investors with a medium- to long-term horizon and a willingness to tolerate a period of higher volatility. EM sovereign high-yield spreads are particularly compelling, especially relative to U.S. high-yield debt. Longer term, we believe the outloo...
The MENA region has benefited from higher oil prices, driven by the Russia-Ukraine war, concerns around the Iranian nuclear talks and a significant drop in oil supply during the pandemic. ESG disclosures have been improving in the MENA region, with the UAE and Egypt making ESG disclos...
Sonatrach made the second hydrocarbon discovery in the Liassic play of the Benoud Trough with the drilling of the Ouled Sidi Cheikh 1 (OSC-1) wildcat. If the initial success in the Benoud Trough is confirmed, as OSC-1 suggests, this would be a big breath of fresh air for the Algerian ...
The S&P Global Sub-Saharan Africa PMI posted at 52.3 in March, remaining above the 50.0 neutral mark. The gap between output and orders was the largest seen for five months and reflected the trend seen throughout much of 2021 during the worst of the pandemic-led supply chain crisi...
SSA countries achieved substantial pledges of renewed financing at COP26, although these fall short of estimates of the total funding needed for loss and damage from, adaptation to, and mitigation of the effects of climate change. Regional development and multilateral financial instit...
Pandemic risks persist, yet are expected to be short-lived. Higher oil prices should support growth and public investment. Regional/intraregional politics continue to provide uncertainty. Higher interest rates bode well for the overall banking sector. There appears to be a...
The economic hit of sanctions is undoubtedly highest for Russia. The United States does not suffer a relevant impact from sanctions to Russia. The impact of geopolitical risk has made energy and food prices soar higher all over the world. For further details see: The Ste...
The MENA region is set to witness accelerating economic growth in the near term. We expect MENA real GDP growth at 5.2% in 2022 and 4.6% in 2023. At the same time, global supply chain disruptions, coupled with persistently high energy prices, are likely to trigger upward pressures on ...
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2024-05-28 23:50:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-19 00:44:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-04-29 05:42:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...