Articles

Diversification To Support CCCC As Domestic Outlook Weakens

Infrastructure / China / Fri 14 Jul, 2017

CCCC is one of the most diversified construction firms in China allowing it to capitalise not only on growth in the road, rail and water sectors which we expect to outperform domestically as the wider industry slows, but also enabling it to tap fast-growing international markets in Asia and Africa.

Geographic and sector diversification will

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Challenges Persist In Walmart's International Operations

Consumer & Retail / Global / Thu 13 Jul, 2017

Walmart faces ongoing challenges in its international operations. We review the company's shifting strategy in China, the ongoing risks in Latin America and the potential for Walmart to expand in Sub-Saharan Africa.

Walmart's international operations accounted for 24.1% of sales and reached USD116.1bn in FY2016. Walmart has seen this percentage

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C/A Deficit Improvements Constrained By Rising Energy Imports

Country Risk / Morocco / Wed 12 Jul, 2017

An improving outlook for Moroccan exporters, amid rising phosphate production and a positive economic momentum in the eurozone, will be mitigated by rising energy imports as oil prices recover. Strong foreign direct investment flows, remittances and rising foreign reserves over the past few years will ensure the country's capacity to finance its

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Mauritius Eyes Place On Maritime Silk Road

Country Risk / Mauritius / Tue 11 Jul, 2017

Mauritius's pursuit of Chinese investment and a place on the 'Maritime Silk Road' will bolster inward investment and may help mitigate some of the effects of significant economic headwinds from traditional trading partners in the coming years. The process will also see a boost in grants from China's strategic rival (and Mauritius' long-time ally)

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Africa Mining: The Four Key Themes

Mining / Africa / Sat 08 Jul, 2017

Sub-Saharan Africa's (SSA) mining sector will continue to face a more challenging operational environment relative to miners in Asia and the Americas. More notably, we expect the region's largest producer, South Africa, to witness a contraction in terms of mining sector over the coming years as the political and regulatory situation on the ground

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EU - Japan Free Trade Agreement

Autos / Europe / Sat 08 Jul, 2017

BMI View: The immediate impact from the EU-Japan FTA Political Level Agreement signed on July 6 this the political benefits to each side. Specifically, the agreement enables Japan and the EU to head into the G20 meeting with a tangible commitment to free trade creating a counter-weight to the US' more interventionist stance. Looking at long-term

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MENA Infrastructure: Key Themes For 2017

Infrastructure / Middle East / Thu 06 Jul, 2017

2017 broadly signals a more positive outlook for the MENA infrastructure markets, which will benefit from oil prices starting an upwards trend and the corresponding general improvement in investor sentiment. Growth in key markets will tick upwards, although Saudi Arabia will disappoint and Iran's future attractiveness is at risk from a new US

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IPTV Launch No Panacea For Diminishing Revenues

Telecommunications / Israel / Sat 01 Jul, 2017

As an aid to growth, Partner's IPTV service will only be mildly successful in the short term as it comes late into a market characterised by pay-TV saturation and dwindling operator revenues. Partner will leverage three aspects of its service: superior infrastructure, a flexible platform and premium content straight to the TV, but this will be no

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