Frontier and emerging markets (Vietnam)

Dylan Waller

Nomadic Equity

Thematic (Sector/Industry)

Norway, Colombia, and Nigeria Amid Low Oil Prices The low oil price environment since late 2014 has put varying levels of strain on oil exporting countries and has also provided a benchmark of which countries have some of the most resilient oil producing companies.  As outlined in previous insights, I am bullish on several Vietnamese oil &amp; gas companies which have been able to fare well in this low oil price environment and could experience a strong rebound if oil prices rebound.  The World Bank…

Norway, Colombia, and Nigeria Amid Low Oil Prices  The low oil price environment since late 2014 has put varying levels of strain on oil exporting countries and has also provided a benchmark of which countries have some of the most resilient oil producing companies.  As outlined in previous insights, I am bullish on several Vietnamese oil &amp; gas companies which have been able to fare well in this low oil price environment and could experience a strong rebound if oil prices rebound.  The World Bank…

Overview of Opportunities in Asia, Africa, Latin America and Norway

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

The global banking system is constructed around the accrual of interest. Credit cards, loans, and other financial products rely on interest rates and lending as one of their central features. In the Islamic world, however, where the very concept of interest is forbidden under Sharia – Islamic law – consumers looking to reconcile their banking needs with their faith are increasingly turning toward Islamic banking systems.

The global banking system is constructed around the accrual of interest. Credit cards, loans, and other financial products rely on interest rates and lending as one of their central features. In the Islamic world, however, where the very concept of interest is forbidden under Sharia – Islamic law – consumers looking to reconcile their banking needs with their faith are increasingly turning toward Islamic banking systems.

Consumer Finance in an Interest-Free World – An Overview of Islamic Banking

Strong Economy/Rising Stock Market Valuation In many ways, Vietnam is like a perfect market created out of thin air, with strong and consistent growth favorable demographics, and improvements in areas such as inflation.  The added bonus includes the relatively unfavorable growth in other emerging markets, and how Vietnam is achieving its growth at the expense of other markets.   <a href="https://www.smartkarma.com/profiles/48" target="_blank" data-smartkarma-citation="accounts:48">Jason Tan</a> recently provided bullish coverage of Vietnam in the insight <a href="https://www.smartkarma.com/insights/vietnam-positives-all-around" target="_blank" data-smartkarma-citation="insights:6218">Vietnam: Positives All Around</a>, noting the strong…

Strong Economy/Rising Stock Market Valuation  In many ways, Vietnam is like a perfect market created out of thin air, with strong and consistent growth favorable demographics, and improvements in areas such as inflation.  The added bonus includes the relatively unfavorable growth in other emerging markets, and how Vietnam is achieving its growth at the expense of other markets.   Jason Tan recently provided bullish coverage of Vietnam in the insight Vietnam: Positives All Around, noting the strong…

Non-Life Insurance in Vietnam: The Best Way to Ensure a Strong Return

Corporate Credit Analyst

Alan Greene

Recently announced industrial output figures for June suggest that Korea may be able to trade its way towards higher growth rates. However, at the same time, on 30 June, the Korea Times carried a headline “Bedroom shock: Korea's sexless rate ranked world's second”. The sovereign rating of its neighbour Japan has seen steady pressure for the last five years driven in part by its demographic profile. Korea's demographic profile is likely to deteriorate more rapidly than Japan's and we should therefore expect a similar debt induced stall in growth. The banking system is under pressure and this could soon translate into pressure on Korea's credit ratings.

Recently announced industrial output figures for June suggest that Korea may be able to trade its way towards higher growth rates. However, at the same time, on 30 June, the Korea Times carried a headline “Bedroom shock: Korea's sexless rate ranked world's second”. The sovereign rating of its neighbour Japan has seen steady pressure for the last five years driven in part by its demographic profile. Korea's demographic profile is likely to deteriorate more rapidly than Japan's and we should therefore expect a similar debt induced stall in growth. The banking system is under pressure and this could soon translate into pressure on Korea's credit ratings.

Can "sexless" Korea Beat the Demographic Cliff and Maintain Its Credit Rating?

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Equity Bottom-Up

Military Commercial Joint Stock Bank / Equity Bottom-Up

We are convinced that the last insight people want is about Brexit. We turn our attention to Vietnam’s banks, which are showing the best NPL ratio decline in all of Asia-Pacific over the past few years. This is likely to last, and the typical favorites in South East Asia may soon give way to those in Saigon, or Hanoi.  There is no better place to start than with Military Commercial Joint Stock Bank ("<a href="http://www.mbbank.com.vn/" target="_blank">MBB</a>") and its trends in credit costs.Military Commercial Joint Stock Bank (MBB) – Credit…

We are convinced that the last insight people want is about Brexit. We turn our attention to Vietnam’s banks, which are showing the best NPL ratio decline in all of Asia-Pacific over the past few years. This is likely to last, and the typical favorites in South East Asia may soon give way to those in Saigon, or Hanoi.  There is no better place to start than with Military Commercial Joint Stock Bank ("MBB") and its trends in credit costs.Military Commercial Joint Stock Bank (MBB) – Credit…

Vietnam Far From UK, with Meagre NPL Growth

Vietnam

Military Commercial Joint Stock Bank offers commercial banking services.  The Bank provides services in the areas of personal banking, corporate banking, financial banking, and e-banking.  Military Commercial's services include savings accounts, money lending, money transfers, foreign exchange, and money markets.

Military Commercial Joint Stock Bank (MBB VN)

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Military Commercial Joint Stock Bank (MBB VN)

Overview of Opportunities in Asia, Africa, Latin America and Norway

Norway, Colombia, and Nigeria Amid Low Oil PricesThe low oil price environment since late 2014 has put varying levels of strain on oil exporting...

Nomadic Equity

Consumer Finance in an Interest-Free World – An Overview of Islamic Banking

The global banking system is constructed around the accrual of interest. Credit cards, loans, and other financial products rely on interest rates...

Euromonitor International Ltd.

Non-Life Insurance in Vietnam: The Best Way to Ensure a Strong Return

Strong Economy/Rising Stock Market ValuationIn many ways, Vietnam is like a perfect market created out of thin air, with strong and consistent...

Nomadic Equity

Can "sexless" Korea Beat the Demographic Cliff and Maintain Its Credit Rating?

Recently announced industrial output figures for June suggest that Korea may be able to trade its way towards higher growth rates. However, at the...

Alan Greene

Vietnam Far From UK, with Meagre NPL Growth

We are convinced that the last insight people want is about Brexit. We turn our attention to Vietnam’s banks, which are showing the best NPL ratio...

Daniel Tabbush

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