In This Week’s Issue…

by Alexander Kalis | Managing Partner & Head of Investments at Milltrust International

Milltrust in the News

Emerging Markets’ ‘Sustained Rally’ Expected, Milltrust CEO Says

NOVEMBER 29TH, 2018, 6:39 AM GMT

Simon Hopkins, chief executive officer at Milltrust International Group, talks about emerging markets and the trade spat between the U.S. and China. (Source: Bloomberg)

Key Story

Almost every investor eye will now turn to that G-20 gathering, getting underway in Argentina today. The centerpiece will be a dinner between Presidents Donald Trump and Xi Jinping. Trump has hinted at a deal on trade, but threatened more tariffs if the talks don’t work out. Some disappointing data on the Chinese economy has only upped the stakes.

Elsewhere, one thing that’s off the table is a sit-down between Trump and Vladimir Putin. The U.S. president scrapped a planned one-on-one with his Russian counterpart after Russia captured Ukrainian naval vessels in the Black Sea.

Meanwhile, Theresa May will keep on pitching her Brexit deal at the confab.

Key Soundbites

  • SAUDI: Saudi money lost faith in prince long before Khashoggi’s murder.

Key Investment

Astra is Southeast Asia’s largest independent automotive group. Operating predominantly in Indonesia, it is the leading provider of a full range of automobile and motorcycle products. In the motor vehicle market, the group partners with Toyota, Daihatsu, Isuzu and Peugeot, as well as being the dealers for UD Trucks and BMW, and in the motorcycle market, it partners with Honda. In the automotive component sector, through its subsidiary PT Astra Otoparts Tbk, Astra cooperates with quality component producers.

Key Charts


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