In today’s briefing:
- GEM Banks; Focus on Value Attributes and Returns Recovery Potential
- Marsh & McLennan Companies: Can They Develop A Competitive Edge Through Analytics? – Major Drivers
- Dog Days of Summer
GEM Banks; Focus on Value Attributes and Returns Recovery Potential
- Among bigger cap GEM banks, we pick five longs and two shorts as our conviction calls; we add country-based equity risk premia to our screening process
- Our core buys are Bank Mandiri from Indonesia, Hana Financial from South Korea, CIMB Group from Malaysia, Bradesco from Brazil and CCB from China; four of these are value picks
- Our sells are Kotak Mahindra Bank and ICICI Bank from India, both richly valued larger cap banks that have benefited from past economic and political tailwinds with headwinds now emerging
Marsh & McLennan Companies: Can They Develop A Competitive Edge Through Analytics? – Major Drivers
- Marsh McLennan, a global professional services firm reported strong financial results for the second quarter of 2024.
- The results demonstrated the company’s ability to deliver growth in the short term while simultaneously investing for long-term sustainability.
- Marsh McLennan posted a 6% increase in underlying revenue growth on top of 11% in the same period last year, reflecting strong execution across Risk and Insurance Services (RIS) and Consulting.
Dog Days of Summer
- Market consolidation signals opportunity, not the end: we’re just in the 2nd or 3rd inning of the crypto cycle.
- Bitcoin and Ethereum ETFs bring unprecedented demand, setting the stage for significant market movements.
- Solana’s on-chain activity and retail adoption make it the standout trade of this cycle.
💡 Before it’s here, it’s on Smartkarma
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