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….

09.01.2017 INTELLIGENCE™

• Turkey is suffering from high inflation and national currency devaluation on the one hand and low economic growth on the other. The Central bank is facing a difficult problem which is complicated by the heavy political pressure. • Falling currency reserves and weaker yuan may limit the Chinese regulator in its economy supporting measures…

23.12.2016 INTELLIGENCE™

• Some comments by Vladimir Putin on Syria, Trump, Russia- Turkey relations may affect the market. However, his previous conferences did not reveal any market important information. • Investors are likely to positively react to the news that Deutsche Bank has reached an agreement with the US Justice Department and almost halved an initial claim….

22.12.2016 INTELLIGENCE™

• S&P decision may negatively affect Samruk-Energy Eurobonds. However, it is unlikely investors will believe that the company may lose the government support. • Bank Otkritie rating CreditWatch placement with negative implications may cool down investors’ appetite for the bank’s Eurobonds. • We assume that the PrivatBank nationalization may trigger its Eurobond restructuring. • Indonesian…

21.12.2016 INTELLIGENCE™

• Turkey’s central bank decision to hold the rates may be positively assessed by the market as investors had predicted some policy tightening. The main risk for most investors is the lira dynamics. • We do not expect any market reaction to the Kazakh banks’ ratings affirmation.  • We see some risk for AK BARS…

20.12.2016 INTELLIGENCE™

• The attack on Russian ambassador in Turkey and a probable terrorist attack in Berlin may trigger a risk off mood among global investors. The correction should not be too deep and too long. • We do not expect any reaction in the Russian market to the EU sanctions extension.  • Changes in Chinese banking…

19.12.2016 INTELLIGENCE™

• Given the CBR decision has been expected by investors, the market reaction will be neutral. The main disappointment is that the next rate cut may be postponed to the 2nd quarter of 2017 which might limit the positive trend in local bonds. • We do not rule out some positive reaction to S&P outlook…