“The private sector’s economy has further contracted in March, as gauged by Blominvest’s economic indicator “BLOM PMI” released today. Posting 46.2 for the month, BLOM PMI was slightly above its February’s ... read more
Oil is no longer the world’s most valuable commodity, water snatched the title. Numerous statements were recently published explaining that one bottle of water’s price will soon match that of one bottle of ... read more
The headline on KPMG’s 2013 Food and Beverage Industry Outlook reads: “The table is set for change”. Indeed, the global F&B industry is going through a sweeping alteration as advanced technology ... read more
Despite a strategic location in the Middle East and accustomed free trades, circumstances remain against Lebanon becoming the region’s hub in terms of international trade, investment and tourism. Lebanon’s ... read more
We lower our target price on Holcim Liban (HL) to USD 14.62 from USD 15.10 previously. Holcim shares are yielding a very attractive 5%-7% in dividends but the political unrest sweeping the Arab World ... read more
The banking sector continued to put in a strong performance during 2013 despite the slowdown of economic growth in Lebanon and the instability in countries where Lebanese banks are present. Although BLOM ... read more
Lebanon’s political stalemate, security uprisings and external headwinds from the Syrian war kept on clouding the bonds market performance in 2013. Besides local and regional developments, an international ... read more
The trend of the car market in Lebanon, just like everywhere else in the world, is inextricably linked to consumer behavior and to the economic, political and social context of the country. Unfortunately, ... read more
The gap further widened between oil importers and oil exporters in the Middle East during the third quarter of 2013. The formers’ economies suffered from political turbulences with deteriorating resources ... read more
We maintain a HOLD rating on Solidere with a 6-month target price of USD 13.31, a 4.1% premium over today’s closing price of USD 12.79. Solidere’s revenues came in at USD 155 million in 2013, up from ... read more
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