Time For Green Technologies To Blossom

Asia - Telecoms

Feb 03 2012 - BMI View: Telecoms operators in emerging markets rely heavily on diesel generators to power their base transceiver stations (BTS) in both urban and rural regions (more so in the latter) due to inadequate power grid infrastructure coverage and unreliable energy supply. While diesel-powered BTS are relatively cheap to set up, the legacy technology carries downsides such as an exposure to oil price fluctuations and environmental pollution, which is a growing global concern as seen by the increasing number of carbon taxes being introduced (most recent notable example is Australia's carbon tax law, which will be imposed on the country's top 500 polluters beginning July). We believe that there should be a greater push for green technologies (renewable and energy-efficient) in the telecoms industry to reduce long-term operating costs, which are expected to surge as operators expand network coverage via wireless means....

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BMI's Views On Power Tariffs, Inflation And Building Materials Playing Out

Uganda - Power

Feb 03 2012 - Decisions to hike electricity prices in Tanzania and Uganda confirm and substantiate a number of views put forward by BMI 's power, infrastructure and country risk services over the past 9 months....

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Macro-Industry Strategy: Healthcare To Shrug Off Investment Hard Landing

China - Macro/Industry Strategy Tables Global

Feb 03 2012 - Despite our call for a hard macro landing, we believe that Chinese healthcare spending will continue to clock double-digit expansion in the coming year, supported by greater government support for the sector. With this in mind, we believe that healthcare stocks look particularly attractive at current valuations, with Sinopharm our favourite pick....

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Developed Europe Equity Strategy

Europe - Finance

Feb 03 2012 - Utilities have significantly underperformed European equities over the past twelve months, with only Europe's imperilled banks failing to beat utilities' disastrous -14.7% total return over this period. At first glance, such weak performance appears somewhat out of place, given the defensive characteristics of utilities. Uncertainty over the global macroeconomic outlook and heightened market volatility helped ensure solid outperformance in defensive indices such as the Stoxx Health Care and Stoxx Food & Beverage in 2011, whilst in the US utilities provided double-digit returns in contrast to a flat S&P 500. Even now that the tide has turned back in favour of ...

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