Comment
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Credit impacted by ongoing macro and political issues in 2018
At the turn of the year, we had anticipated 2018 to be a topsy-turvy for credit, and anything short of that would have, at least for us, taken us by surprise. So far, this year has lived up to its expectations and is proving to be the most...
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Jackson Hole keeps markets looming
August has been an uncharacteristically eventful month this year as fears surrounding imminent budgetary concerns in Italy and weakness in a handful of Italian banks, coupled with the crisis in Turkey, have resulted in a marked increase in risk...
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Turkey and the recent market movements
In the initial months of the year we had predicted that 2018 would be, a difficult year for investors and the word volatility will be the order of the day. Many market participants, including us, were aware that the prime concern were the...
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It's all gone cold Turkey
The summer months for global capital markets, particularly the fortnight over mid-August are usually commensurate with low levels of investor activity, low trading volumes, low levels of volatility. We call it the lull of the summer months, where...
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Volatile session for BOV shares
Following yesterday’s decline of 1.6%, the MSE Equity Price Index rebounded by 1.1% to 4,373.547 points today, driven by the strong gains in the share prices of BOV (+5.2%) and MIA (1.9%) which outweighed declines in three other shares. Trading...
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Following volatile period, is it time to dip in?
If we thought that the 2018 was going to be a continuation of the performance registered during 2016 and 2017, we were mistaken. 2018 has been a topsy-turvy year so far, and that’s putting it rather mildly. Markets corrected in a magnitude few...
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Hold recommendation on GO plc
The equity research team at Calamatta Cuschieri recently made available to its clients a report on GO plc (GO), whereby it was given a “HOLD” recommendation with a one-year target price of €3.52, giving a potential capital upside of 2.8% to the...
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Beta in volatile markets
Many might not be familiar with the theoretical financial terms beta and alpha, however both are very important in guiding investors. Beta is simply the sensitivity of an asset class or sector to the market as a whole. In simple terms, it is the...
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Weibo Corp – A new equity on our list
We started coverage of Weibo Corporation with an overweight recommendation and a price target of $116 per share. Weibo will issue Q2 2018 results on 08/08/2018. We see the recent weakness in the share price as a buying opportunity. Following a...
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A guide to Malta’s new regulatory framework for cryptocurrencies
The MFSA has, for the past months, been actively working on a framework that supports innovation and new technologies in the field of virtual currencies. It is the MFSA’s policy that the regulatory framework in this field should be robust and one...
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Why is financial education important?
Those who know me well know that, for a number of years now, I have been opining on how I strongly believe that financial education is becoming ever more critical in this day and age, not only for investment purposes but also for our day-to-day...
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The inflation preposition – a big shift?
Undoubtedly, rising inflation expectations had their fair share in negatively affecting spreads, with bond yields rising across the globe over recent months. To many market participants this comes to no surprise given the uptick in global growth...
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Royal Dutch Shell shares – remaining overweight in the oil & gas sector
Royal Dutch Shell sits on an oil and gas throne higher than that of Exxon Mobil. The oil supermajor has worldwide proved reserves of 13.2 billion barrels of oil equivalent. Operating in over 70 countries, Royal Dutch Shell pumps out 3.7 million...
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Key traits for the modern investor
Putting it mildly, there are a handful of textbooks and articles written on what it takes to become a successful investor. There are a number of traits which make some investors more successful than others – for the inexperienced investor,...
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What drives the price of an equity?
Recently I was posed a question about what drives the price of an equity. Despite equities forming part of most of our portfolios, and constitute a huge part of global wealth storage and generation you would be surprised at how different people’s...
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Economic data that conditions the Fed’s decisions
It is of no surprise that the Federal Reserve’s inflation target is 2 per cent, a level which was exceeded over the past months. That being said, given the yet unclear economic path and the possible negative market reaction, policy makers are not...
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Money, money, money
Money money money, must be funny, in the rich man's world. Indeed it is. It might sound strange to people of older generations to know the rate at which money has pretty much become a necessary commodity in our everyday lives. It is hard to...
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Humility and patience when investing
It is extremely cumbersome to quantify the value of money in a person's life. It is an even greater task to compare the relative importance people give to money. That is because it is all relative. We all live different lifestyles. Have different...
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Maritime industry has vast untapped opportunities
This feature has no pretence to be a professional economic analysis of the contribution which the Maltese maritime industry makes to Malta’s gross domestic product. I hope that in the near future the Malta Maritime Forum will be able to undertake...
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Positive results from Malita plc
Yesterday Malita plc posted their financial results, delivering improved and positive performances. Two weeks ago I wrote an article highlighting the case for investing in Malita plc, and I’m pleased to report that the company has met and arguably...
