Originating from the Netherlands, Schildershoven looks far beyond its European homeland to discover trading ideas worldwide: in Asia, Africa and the Americas.The firm’s analysts are on the lookout for truly productive medium- and short-term international investment opportunities with no bias towards any particular industry or region. In our surveys we avoid meaningless content and trite expressions, which are commonplace in financial publications on the street. Oft-repeated phrases and long-winded texts are time-consuming to read and difficult to work with. There is no value in idle speculations about events, which may or may not have any material or assessable influence on the markets at all. This is why we would not generate facile investment ideas to "buy assets because they are cheap" without being able to justify this transparently. Instead, our opinions are based on the logic that may prove reasonable to our clients the way they would reason the opinions of their own. This confidence helps make timely and responsible decisions when you trade. It is what we call the INTELLIGENCE™
Life must be ‘gezellig’!

Schildershoven Finance is a Dutch company. Its origins deeply influence its nature, especially in business, how it interacts with its customers and partners, and its view of the world. Ferenc Brewster Managing Director Ferenc Brewster chose to take a look at himself and his fellow countrymen and share what he found with our blog readers….

02.12.2016 INTELLIGENCE™

• Results of the Italy’s referendum, to be held on Sunday, may increase volatility in the local and also affect other European markets. • While Fitch keeps the stable outlook on Central and Eastern European banks, we do not rule out that the possible European Central Bank policy tightening at the end of 2017-2018 may…

01.12.2016 INTELLIGENCE™

• New signs of Russia’s economic recovery will add to the investors confidence and may support the demand for sovereign bonds. • We do not expect any market reaction to the Gazprom Neft rating affirmation by Fitch. • Alrosa has affirmed its relatively positive view on the situation at the diamond market. Higher demand will…

30.11.2016 INTELLIGENCE™

• In general, we assess TCS Group results for the 3Q2016 as stable given the continued growth of the loan portfolio and its quality on the one side, but the lower margins on the other. The market effect should be neutral. • Fitch view on the Emerging Europe remains stable with estimates of some positive…

28.11.2016 INTELLIGENCE™

• While the Azeri foreign debt has increased during the year, it remains quite comfortable for the sovereign at the level of 20.1% of GDP. The main issues for the country are economic recovery, quite weak banking system and currency depreciation. • Home Credit & Finance Bank continues to improve its performance compared to the…

23.11.2016 INTELLIGENCE™

• While the National Bank of Hungary refrained to cut the key rate on Tuesday, its policy remains supportive due to the implementation of unconventional measures. We consider that National Bank of Hungary remains one of the most favorable for the local bonds in current conditions among the majority of EM countries. • Investors’ view…

22.11.2016 INTELLIGENCE™

• Investors may negatively react to the government decisions which may worsen the Polish budget deficit and therefor affect the sovereign debt burden. • We do not expect any market reaction to the Hungary’s rating affirmation by Fitch; investors will focus on the central bank meeting today. • The market reaction to the Ukrainian banks…