Global Capital: Jun 18 - 2018
Developing markets investment bank Exotix Capital has continued its recent trend of expansion and has added three new hires to its global equity team. Matt McConnell and John Geron both join the firm in New York. Zahed Chowdhury has joined the firm as an equities desk strategist in London.
BBC World Service: Jun 18 - 2018
Would you invest in North Korea? US President Donald Trump raised the idea at his summit with North Korean leader Kim Jong-Un. His vision of a private condo on a North Korean beach is probably a long way away, but there are plenty of other countries lacking investment. Paul Domjan, global head of research at Exotix, an investment firm and research agency, explains what a frontier market is.
Egypt Today: Jun 17 - 2018
Looking ahead, I am also excited by the opportunities which our tie-up with Exotix in London, New York and in other markets should bring. The year 2018 is a year of added-value growth and building on what we have done through the past few years and transforming the business further through cross-selling as we promote the business for the long term.
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Reuters: Jun 18 - 2018
Matt McConnell joins as head of equity capital markets in New York from Auerbach Grayson, where he was head of global capital markets. John Geron comes from the same firm and has been appointed head of equity sales trading for the Americas. Zahed Chowdhury, a former head of equity research in the Middle East and North Africa at both Deutsche Bank and HSBC, will join the firm in London as a strategist on the equities desk.
Bloomberg: Jun 14 - 2018
As Exotix Capital points out, any alleviation of the cash shortage would also increase the underlying value of stocks, since it would boost the broader economy and consumer demand. “A judgment on whether current valuation multiples are attractive requires disaggregating the ‘cash-substitute’ premium (and one’s view of whether that increases or reduces over time) and the valuation of the underlying business (and one’s view of whether that is fair or not)."
CNBC: Jun 13 - 2018
Stuart Culverhouse, chief economist and global head of fixed income at Exotix, discusses U.S.-North Korean relations.
Barron's: Jun 12 - 2018
It is difficult to conceive North Korea giving up its nuclear capability, writes Stuart Culverhouse, head of sovereign and fixed income research at emerging and frontier research firm Exotix Capital, in a note this morning, adding that the country has made similar promises before—in 1994, 2005, and 2007—only to break them.
Financial Times: Jun 11 - 2018
"The $2.5bn of pledges for Jordan from Saudi Arabia, Abu Dhabi and Kuwait are motivated by desire not to see, firstly, a fellow monarchy threatened by protests and, secondly, any social unrest which Iran or the Muslim Brotherhood might exploit to weaken an allied state," said Hasnain Malik, Dubai-based global head of equity research at Exotix Capital.
Financial Times: Jun 08 - 2018
“The agreement shows there is lot of international support to make Macri’s Argentina work, and it should ease financing and political concerns this year. But delivering the fiscal adjustment and lower inflation next year, an election year, could still prove challenging,” said Stuart Culverhouse, chief economist at Exotix Capital.
Exotix: Jun 06 - 2018
Exotix Capital provided feedback to Zimbabwe’s government on the possibilities for accessing international capital markets following a series of successful meetings with global investors in New York and London. Exotix’s co-Head of Investment Banking, Andrew Moorfield (left), and Global Head of Fixed Income, Dean Tyler, traveled to Harare to meet with Zimbabwe’s Finance Minister, Patrick Chinamasa.
FDI Intelligence: Jun 06 - 2018
Hasnain Malik, equity strategist at Exotix Capital, said the identity of the new PM is less important for foreign investors than factors such as currency stability, the stability of the political system under the king, the sustainability of government debt, and the transparency and predictability of the tax regime.
Banker Middle East: May 31 - 2018
Hasnain Malik, Head of Equity Research, Exotix Capital, illustrates the new appeal of the MENA region’s equity market. With five of the region’s largest markets currently or likely to be included in mainstream EM indices, MENA is certainly no longer a region that international investors can ignore. Read pages 58-59
Bloomberg: May 31 - 2018
Dangote, controlled by Africa’s richest man, Aliko Dangote, said last month it’s looking to raise $500 million from a Eurobond sale and will also issue 300 billion naira in local-currency bonds to refinance debt and boost expansion. The fundraising will enable Dangote to build on an already solid base and could be a “game changer” for Lafarge Africa, according to Olabisi Ayodeji, equity analyst at Exotix.
Reuters (UK): May 29 - 2018
“New expatriate visa and ownership rules announced on 20 May are small positives for the long-term, non-oil, economic outlook of the UAE,” investment bank Exotix said. “But these non-oil sectors, outside the luxury segment, remain constrained by high costs and regional geopolitics. Population growth has decelerated substantially since 2012.”
Wall Street Journal: May 16 - 2018
Argentina's ailing currency and stock market are pounding funds managed by some of the world's biggest investors reversing some of the outsized gains they enjoyed last year. "The Argentina situation will not be sustainable if the government raises its debt burden much more," analysts at Exotix Capital wrote.
Reuters US News: May 14 - 2018
Higher interest rates after the central bank hiked the policy rate to 40 percent are likely to reduce credit demand and hurt banks such as Banco Hipotecario (BHI.BA), Banco macro (BMA.BA) and Grupo Financiero Galicia (GFG.BA), according to a Monday report by Exotix Capital.
CNBC: May 10 - 2018
Stuart Culverhouse, the chief economist at Exotix Capital, said Argentina's decision to ask for a standby agreement is "positive" and has a greater chance of being approved than asking for a flexible credit line. Earlier reports said Argentina would ask for a flexible credit line, a type of loan that does not contain as many conditions as the former.
The European: May 08 - 2018
Huge thanks to The European for picking us as Best Frontier Markets Research & Investment Firm 2018 at The European Global Business & Finance Awards.
Gulf Times: May 07 - 2018
In his last visit to the United Kingdom, Imran Khan had a private meeting with an equity investment company Exotix Capital, which advises the international investors about emerging financial markets and economies around the world. During the meeting, Khan admitted that IMF assistance for economic policies and financial matters might be necessary.
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