Pakistan Strategy - Equites Outperformed Other Asset Classes in 2023
After lagging behind for last few years, Pakistan Equities outperformed major asset classes in 2023. The benchmark KSE 100 Index provided a gain...
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Major Forecasts: Not Keeping at It Until the Job Is Done
With the Fed having pivoted, we now see rate cuts starting in March. But easing too soon also means inflation will resurge and put an early stop to...
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Equity Strategy: FY24 Outlook: The Road to JCI 8,000
JCI’s 13x PE implies room for a rerating if growth improves, while Indonesia’s resilient economic growth offers downside protection.
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EUR Rates: There and Back Again
Rates continue lower. More and earlier rate cuts are priced in as inflation loses momentum and downside risks to the economy increase.
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Equity Strategy: 3Q23 EPS growth improved, expect more growth catalysts in 4Q23
The market’s overall earnings improved in 3Q23 with operating profits growth rebounding to -4% yoy/+13% yoy ex-mining vs. 2Q23’s -6%/+11% yoy
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