Chinese pharmaceutical companies are performing very well. However, they need to evolve to remain competitive. Analysis of the top 50 listed drugmakers in China and Hong Kong determined the following metrics: In 2010, the average revenue growth was 27%, while net income rose by 37%. The combined market capitalisation was US$135bn, which equates to one… [Read more]
On this week’s podcast, BMI’s Head of Country Risk & Financial Markets Justin Patrie talks to Jean-Paul Pigat about the ongoing political crisis in the Middle East. The discussion centres on the tactical and strategic implications for regional/global markets and macro. Justin and Jean-Paul also discuss potential political scenarios in Saudi Arabia and Iran as… [Read more]
With 2010 fast winding to a close, BMI’s Head of Country Risk & Financial Markets Justin Patrie and Global Economic Strategist review the macro, market and political risk dynamics of the year. Specifically, we revisit the ’10 Themes for 2010‘ we set out at the end of 2009, assessing those predictions against actual developments. Key… [Read more]
North Korea’s artillery attack on the South Korean island of Yeonpyeong in the hotly disputed maritime border region is a provocative move to say the least. Although North and South have clashed at sea before, most notably resulting in the sinking of the Southern warship Cheonan in March, and have exchanged gunfire at the Demilitarised… [Read more]
Infrastructure has shown resilience in the face of the economic downturn, and investment in the sector was used to boost aggregate demand during the global recession of 2009. However, governments around the world are now moving from stimulus to austerity. As the dust settles on the new initiatives used to attract private (rather than public)… [Read more]
On a nonfarm payrolls day, and with equities looking awful on a long-term basis but well oversold on a short-term basis, Risk Watchdog is looking to the bond market for medium-term clues. Yields in the US and Germany have come down significantly over recent weeks, particularly at the long end. The immediate reason for this… [Read more]
There is no question that China’s economy is booming, with growth spiking to 11.9% in the first quarter. The world’s largest country (by population) appears to have swept off the global recession with aplomb and many an analyst are counting on Chinese demand to drive a new global growth cycle. But is this growth sustainable… [Read more]
