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September 2012

Strategy US housing: a long-term attractive opportunity

According to Stephanie Krertz, US real estate to be an excellent longterm opportunity, with a currently very attractive entry point in terms of valuation, even though sub-par economic growth is likely to make the rise in prices much more gradual than during previous (...)

August 2012

News China Steel - Overproduction and Lower Prices to Persist

China’s steel industry output continues to rise notwithstanding slowing economic growth, falling prices for steel, and poor profitability at the steel mills. Fitch Ratings believes this paradox can be explained first by the larger steel mills’ priority of maintaining economies (...)

August 2012

News SMEs switching to Renminbi for Chinese business according to DB survey

In spite of increasing volatility in foreign exchange markets, only around half of companies that were surveyed hedge foreign exchange risks in Renminbi transactions...

August 2012

Strategy WTI prices not keeping pace with fundamentals

WTI prices have rallied over $18/bbl from their June lows. However, the rally in WTI prices has failed to keep pace with the rally in Brent prices, which are up more than $24/bbl from their June lows.

August 2012

Strategy Do mega companies offer mega opportunities?

Mega companies are bigger than most countries. Quite a few pharma, food, oil and tech companies reach annual revenues of over $50 bln, exceeding the GDP levels of more than 2/3 of the countries in the world. Unusually, these mega companies have performed better than the (...)

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