| HIKMA – VOLATILITY PRESENTS AN OPPORTUNITY - BUY |
8/15/2011 |
Re-initiating coverage of Hikma, a multi-national generic pharmaceutical company based in Jordan, and listed in London, with a BUY recommendation.
|
| ELBIT SYSTEMS – WAIT FOR A BETTER BUYING OPPORTUNITY BEFORE PULLING THE TRIGGER- BUY - Archived |
2/3/2010 |
Elbit is Israel’s largest publicly listed domestic defense company, and is a component of the main TA-25 index. The company is a vertically integrated, high-quality vendor of defense electronics.
|
| ORASCOM TELECOM MUST PAY BACK TAXES – WE REMAIN BUYERS, PARTICULARLY ON WEAKNESS - Archived |
11/23/2009 |
Further to our BUY Initiation report on Orascom Telecom Holding (OTH) on Friday, we wanted to clarify recent developments regarding taxes on Orascom Telecom in Algeria.
|
| ORASCOM TELECOM HOLDING (OTLD:GDR) - INITIATION OF COVERAGE - BUY - Archived |
11/20/2009 |
We are initiating coverage of Orascom Telecom, with a BUY recommendation and a target price derived from DCF of US$ 45.4 which represents a 73% potential upside return.
|
| STRABAG (STR:Vienna) – FAVORABLE EXPOSURE TO THE POLISH ROAD CONSTRUCTION SEGMENT – BUY - Archived |
11/15/2009 |
Strabag (STRV.VI) is one of the leading construction Companies in Germany, Austria and the CEE region, with an annual output volume reaching EUR13-14 bn.
|
| CAPITACOMMERCIAL TRUST (CACT.SI) - SINGAPORE LISTED REIT WITH SUPPLY OVERHANG - SELL - Archived |
11/6/2009 |
CCT is a bond-proxy REIT that has sound management and strong financials.
|
| SM INVESTMENT - DIVERS AND ESTABLISHED HOLDING CO. IN THE PHILIPPINES CAPTURES CONSUMER GROWTH - HOLD - Archived |
10/19/2009 |
SM Investment Corp. is the holding company of San Miguel investments, which includes holdings in retail, banking and property
|
| JERONIMO MARTINS - PORTUGAL-LISTED LEADER IN THE POLISH DISCOUNT SEGMENT - BUY - Archived |
9/21/2009 |
Jeronimo Martins (“JM”) is one of the largest food distribution companies in Poland (leader) and Portugal (second position in modern food market).
|
| SOROUH - $2BN MKT CAP ABU DHABI REAL ESTATE CO. - 40% DISCOUNT TO NAV - STRONG LT PROSPECTS - BUY - Archived |
8/13/2009 |
We initiate coverage of Sorouh Real Estate, an Abu Dhabi based property development company, with a Buy recommendation.
|
| HIKMA - MENA PHARMA CO PROVIDES UNDERVALUED EXPOSURE TO HEALTH CARE GROWTH - BUY - Archived |
8/4/2009 |
We initiate coverage of Hikma, a multinational generic pharmaceutical company based in Jordan and listed in London, with a BUY recommendation.
|
| FERREXPO – PRODUCTION RESULTS PUBLISHED – MAINTAIN SELL - Archived |
7/14/2009 |
The quarterly production outcome below shows that the company continues to run at pre-downturn rates. With the stock trading well above our price target (on the report from July 9, 2009, we estimate a target price of GBp 93.5), we maintain a SELL recommendation.
|
| LONDON LISTED UKRAINIAN MINING COMPANY IS OVERVALUED - SELL - Archived |
7/10/2009 |
After rallying from GBP 57 to GBP 150 during April and surging 340% y-t-d, Ferrexpo has outperformed its international peers and the FTSE Mining Index.
|
| Millicom - Diversified EM Wireless Co Provides Solid Growth - 40%+ Upside - Archived |
4/14/2009 |
| Millicom, is largely a play on the continued growth of wireless penetration in the emerging markets, while having the benefit of increased scale advantages and declining capital commitments. Currently, Millicom operates in 16 markets, from Asia, over Africa to Latin America. The sales split in 2007 was 74% for Latin America, 7% for Asia and 18% for Africa. Kinnevik is the majority shareholder. |
| ELBIT SYSTEMS – WAIT FOR A BETTER OPPORTUNITY BEFORE PULLING THE TRIGGER – HOLD... FOR NOW - Archived |
12/1/2008 |
Elbit is Israel’s largest publically listed domestic defense company, and is a component of the main TA-25 index. The company is a vertically integrated, high-quality vendor of defence electronics.
|
| KUONI – TRAVEL IN STYLE – BUY - Archived |
10/1/2008 |
| Kuoni is Europe’s #3 travel tour operator, based in Switzerland. The company is focused on the up-market/long haul and specialist/niche segments of the tour operator package holiday industry and has leading positions in Asia (with 27% of revenues, and number 1 position in India). |
| STRABAG – PLAY ON INFRASTRUCTURE IN THE CEE – BUY - Archived |
9/19/2008 |
Initiating coverage on Strabag, with a BUY recommendation and a target
price derived from DCF of EUR 53, which presents a 32% potential upside
return.
|
| WATANIYA – GREAT INVESTMENT; UNKNOWN BY MOST – BUY - Archived |
9/1/2008 |
Initiating coverage of the National Mobile Telecommunications Company (operates under the Wataniya Telecom brand), Kuwait’s second mobile operator, with a BUY recommendation and a target price derived from DCF of KWD 3.08 which presents a 75% potential upside return (supported by the investment thesis below and the high growth markets of Tunisia and Algeria).
|
| EMIRATES INTEGRATED TELECOM CO “DU” – PLAY THE UAE – BUY - Archived |
9/1/2008 |
Initiate our research on du with a BUY and a share target price of AED7.69 (derived from DCF) giving a 52% upside potential to the current market price.
|
| QATAR NATIONAL BANK – STRONG Q2 2008 – BUY - Archived |
7/16/2008 |
| QATAR NATIONAL BANK – STRONG Q2 2008 – BUY |
| ZHAIKMUNAI – E&P KAZAKH MID-CAP OIL – BUY - Archived |
6/27/2008 |
| ZHAIKMUNAI – E&P KAZAKH MID-CAP OIL – BUY |
| GULF FINANCE HOUSE – INVESTING IN THE GCC GROWTH – BUY - Archived |
4/24/2008 |
| GULF FINANCE HOUSE – INVESTING IN THE GCC GROWTH – BUY |
| FIRST INVESTMENT BANK (FIB BU) – STRONG Q108 – BUY - Archived |
4/23/2008 |
| FIRST INVESTMENT BANK (FIB BU) – STRONG Q108 – BUY |
| ZARNENI HRANI BULGARIA AD (ZHBG BU) – AGRI-BUSINESS IN BULGARIA – HOLD…FOR NOW - Archived |
3/12/2008 |
| ZARNENI HRANI BULGARIA AD (ZHBG BU) – AGRI-BUSINESS IN BULGARIA – HOLD…FOR NOW |
| ENRC PLC – MINING COMPANY IN KAZAKHSTAN – HOLD - Archived |
3/11/2008 |
| ENRC PLC – MINING COMPANY IN KAZAKHSTAN – HOLD |
| CORPORATE COMMERCIAL BANK (CORP BU) - INITIATION - BUY - Archived |
2/25/2008 |
| CORPORATE COMMERCIAL BANK (CORP BU) - INITIATION - BUY |
| FERREXPO – A PURE IRON ORE PLAY IN UKRAINE– BUY - Archived |
1/30/2008 |
| FERREXPO – A PURE IRON ORE PLAY IN UKRAINE– BUY |
| ORASCOM CONSTRUCTION INDUSTRIES (OCI) – A PURE PLAY ON
INFRASTRUCTURE SPENDING IN THE MIDDLE EAST.. - Archived |
12/20/2007 |
| ORASCOM CONSTRUCTION INDUSTRIES (OCI) – A PURE PLAY ON
INFRASTRUCTURE SPENDING IN THE MIDDLE EAST & AFRICA –
BUY |
| ORASCOM CONSTRUCTION INDUSTRIES (OCI) – A PURE PLAY ON INFRASTRUCTURE SPENDING IN THE MIDDLE EAST &. - Archived |
12/19/2007 |
| ORASCOM CONSTRUCTION INDUSTRIES (OCI) – A PURE PLAY ON INFRASTRUCTURE SPENDING IN THE MIDDLE EAST & AFRICA |
|
