ABI HELPED BROKERAGE CLIENT TO RAMP UP EQUITY RESEARCH COVERAGE IN MENA
A leading brokerage house in Europe wanted to ramp up its Banking sector coverage in the MENA region
Scope Of Work
The client needed a ready to deploy team with deep expertise in Equity Research in Banking sector to ramp up its coverage.
The specific scope of the work included:
Initiation on Banking Sector with 12 regional banks
Deep-dive industry and company analysis
In-depth sector mode and individual banking models from scratch
Financial projections and valuation of the banks
Write end to end initiation reports
ABI deployed an experienced team of 3 analysts, each with robust experience in banking sector equity research
ABI team carried out thorough MENA banking sector research and identified economic conditions, sector drivers, industry structure and key challenges
The team modelled sector banking model for different countries
The team then carried out in-depth analysis on each of the bank to understand business portfolio, market positioning, management strength, financial condition including NPA, Capital adequacy, and exposure to various sectors and loans/Deposits situation.
ABI analysts then created in-depth models on each of the banks and quantified all the analysis by forecasting income statement and balance sheet of the banks.
Post that, analysts carried out valuation of the stock using Discounted Cash Flows, Dividend Discount Model and Relative Valuation Model (P/BV and P/E)
The analysts then wrote comprehensive report covering sector fundamentals and report on each of the companies with valuation and rating justification.
Time-efficient as experienced analysts work on the assignment and client could quickly ramp up the coverage without adding extra capacity at its end.
Continuous communication and discussion on interim deliverable meant that the entire team was aligned with the same objective as that of client
ABI also delivered marketing presentation slides for the consideration of the research committee and investors
The client also leverages our domain experts – as and when needed – on project basis thereby maintaining a lean and cost-effective structure
Focus on data-security and well-defined access structure keeps the data and information security as the same level as is found in the internal team