EM Fund Stock Picks & Country Commentaries (November 9, 2023)
Emerging market fund stock picks & their latest factsheets or commentaries plus another renewable stock surges on ESG fund buying, Brazilian oil stocks w/ lifting costs as low as US$7-15 a barrel, etc
Some quick takes from this shorter than usual post:
Some good updates on Vietnam from Vietnam funds.
Another renewable stock that recently IPO’d and must have gotten the attention of ESG funds as the market in it’s respective country has otherwise headed downward while it has gone up several fold.
Petrobras corporate governance improvements plus other Brazilian oil stocks with lifting costs as low as US$7-15 a barrel.
Not too many funds have updated their factsheets to cover the month of October
In a recent podcast interview, it was noted how Brazil is currently in 8th or 9th position globally for oil production, but it’s on the path to become one of the 5 top oil exporters by 2030.
In addition, reforms and asset streamlining at Petrobras’ has helped to create a more diversified Brazilian oil sector with the former concentrated on big fields while smaller and more nimble newer players are able to lift oil at low cost and ridiculously high margins from smaller or more depleted fields.
I am still in Kyoto until Monday (for some reason last night, the Internet was incredibly slow where I am staying), and then back to Tokyo for a full day before leaving Wednesday (for another extra long layover in Taiwan…).
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For a further disclaimer and an explanation of the reasoning behind these posts: DISCLAIMER: EM Fund Stock Picks & Country Commentaries Posts.
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🗄️ Fund documents / updates; ⚠️ Disclosures or restricted access e.g. based on your location, investor status, etc.; 🎥 Video; 🎙️ Podcast; 🎬 Webinar; 📰 Newspaper/magazine article; 🗃️ Archived article; 📯 Press release; 🔬 Research analysis (including articles/blog posts from fund managers, etc.)
India, Russia, Mexico, and Indonesia have positive PMIs:
🔬 French and German gloom, Asian optimism for PMIs (Macrobond)
In this podcast episode from abrdn, Pruksa Iamthongthong (a manager for the Asia Dragon Trust Plc) discussed AI and chips along with tech niches that will benefit from trends in these spaces:
🎙️ Smoke Stacks to Chip Stacks - how EM is driving the next generation of infrastructure (Emerging Markets Equities Podcast from abrdn) 19:47 Minutes (November 2023)
In the latest episode of the Emerging Markets Equities podcast, Nick is joined by Pruksa Iamthongthong to evaluate the AI revolution within emerging markets.
A transcript is available on the abrdn website.
The latest monthly commentary (economic and portfolio) is from the end of September. Also check out: AFC Quarterly Update Webinar Presentation Slides - Wednesday, 25th October 2023
The latest monthly commentary (economic and portfolio) is from the end of September.