Articles List

Articles List

Low Impact From Zero-Rating Social Networks

Through zero-rating the use of social networks, Telia intends to boost its profile in a competitive market. It will have a limited impact on the operator's traffic, compared to zero-rating video for instance, but its success in attracting users will be also limited. Furthermore, Telia faces additional risk by combining the offer with an anti-bullying campaign.

Asia Infrastructure: Muted But Stable Growth Ahead

Asia will continue to offer the largest and one of the fastest growing construction sectors. With all our themes for the region in play, we highlight ASEAN becoming increasingly attractive, an improving funding outlook, and reforms slowly gaining traction as the trends that will be most prominent over the coming months.

Palm Oil: No Threat To Cocoa In West Africa

While West African palm oil production will grow strongly over the next five years, it will not be a threat to the region's cocoa output, in contrast to Indonesia. Cocoa farmers will benefit from a strong export market, elevated farmgate prices and extended currency weakness. In contrast, palm oil production is primarily directed to the domestic market and farmgate prices will remain low owing to an inefficient supply chain.

Banking Sector: Low Interest Rates Threaten Profits

While Emerging European banking sectors are generally poised for a better year in 2016 amid an improving macroeconomic backdrop, the low interest rate environment will cap sector profits. Russia and Turkey's banking sectors will struggle due to challenging macroeconomic environments and ongoing currency weakness.

Gas Pipeline Construction Boom To Continue

Our long-held positive outlook for Mexico's midstream sector will continue to play out, with energy liberalisation, increasing consumption and cheap US natural gas driving capacity growth. CFE will attract strong investor interest for forthcoming pipeline tenders, driving growth in the sector through 2017.

Martindale Pharma Expands Footprint In GCC

We expect Martindale Pharma's strategical efforts to strengthen its presence in Saudi Arabia's pharmaceutical and healthcare markets will provide the company with opportunities to advance its position throughout the GCC. Whilst Saudi Arabia remains the company's top international market, plans to extend distribution agreements and the awarding of a new tender will go a long way towards accessing the GCC's lucrative pharmaceuticals market.

Power Market Reforms To Attract Growing Investment

The launch of a wholesale power market and the success of the first long-term energy auction in Mexico underscore the multiple business opportunities that the country's power sector will offer over the coming years.

Biotech Sector Presents Significant Investment Opportunities

As the share of biotechnologies within the global innovative pharmaceutical market increases, Argentina's highly developed and lower cost biotechnology industry is poised for increased investments over the medium-to-longer-term. Although private capital has not been widely invested in Argentina as in other countries due to the long-term absence of orthodox economic policy in the country, Argentina's improving business environment and free-market policy will spark strong long-term growth in investments. Geographical proximity and Argentina's relatively strong drug production ability means local market leaders will provide excellent investment opportunities for foreign drugmakers to expand their presence in Latin America.

OPEC: Not Much To Expect From June Meeting Either

OPEC's June meeting will fail to deliver an oil production cap agreement. Tensions between Saudi Arabia and Iran will prevent a political consensus from being reached, while the vast majority of oil producing countries will continue to favour winning or retaining market shares rather than supporting prices.

Consumer Chart Of The Week: Top Five EMs Under 100mn

In looking for new opportunities and the 'next' big consumer markets, we have used our population data for 2016 to identify the top 5 emerging markets with populations under 100mn. In our view, Iran and Vietnam represent the two best opportunities with Egypt, Ethiopia and DRC seeing slower growth over our forecast period.

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