
August 2010
|
KWR Special ReportRealizing the Potential of Central AsiaInterview by Keith W. Rabin Interview with Michael Carter, CEO, Visor Capital, Almaty, Kazakhstan at Korea Financial Investment Seminar in Seoul, Korea. |
May 2010 |
The World Finance ReviewThe Good, the Bad and Where the Kazakh Economy is Heading To?
2009 was a hard year for export-reliant Kazakhstan. With commodity prices much lower than in the pre-crises times, the Government of Kazakhstan had to adjust the economic policy accordingly. Strong government support and a thorough package of anti-crisis measures laid foundation for recovery, and now, with the global economic situation continues to improve, the economy of Kazakhstan economic development gains momentum. There are, however, some challenges yet to be addresses to facilitate sustainable long-term growth. |
June 2010
|
Telegraph.co.ukChina expands influence in Central AsiaBy Richard Orange Chinese President Hu Jintao is on Friday expected to sign a deal to double the capacity of China’s oil pipeline from Kazakhstan, ending a week-long tour of Central Asia that has further cemented Beijing’s grip over the region’s energy resources. |
May 2010 |
The BankerReplacing leverage with capitalBy Philip Alexander Kazakhstan’s banks are divided between those that are cashstrapped and looking at restructuring, and cash-rich survivors trying to find new lending opportunities. |
April 2010 ![]() |
International Herald TribuneWill Kazakhstan catch the Caspian wave?By Michael Carter, CEO and Jean-Christophe, Head of Research at Visor Capital $52 billion in foreign reserves hit a record high in February. Foreign investment of about $50 billion is required to modernize the economy by 2015. |
December 2009 |
CursiveForecasts and perspectives 2010By Michael Carter, CEO The start to the year was penalized by lingering economic uncertainties, which affected investors' appetite for Kazakhstan. Locally, the collapse of two large banks, the devaluation of the tenge and falling real estate prices concerned investors the most.
|
April 2009
|
Investor's voiceCauses and Consequences of tenge devaluationBy Jean-Christophe Lermusiaux, Managing Director - Head of Research On 4 February 2009, the National Bank of the Republic of Kazakhstan implemented a one-day devaluation by allowing the USDKZT rate to go up 22% to KZT150/USD. On the same day...
|
April 2009 ![]() |
Investor's voiceKey Factors behind the February devaluation of the tengeBy Jean-Christophe Lermusiaux and Yuriy Khramtsov On March 12th, AmCham welcomed Jean-Christophe Lermusiaux, Managing Director and Head of Research at Visor Capital, to a gathering of members at the Hyatt Hotel's Djambul Restaurant...
|
February 2009 ![]() |
EURASIA 2009: Falling commodity prices to hit region hardClare Nuttall in Almaty The Eurasian economies are expected to see a slowing of growth in 2009, as a consequence of falling prices for oil and other commodities
|
September 2008 ![]() |
'Chance for Kazakh capital markets to grow and diversify' by Clare NuttallBNE BusinessNewEurope In less than three years, Almaty-based Visor Capital has put together a 55-strong team providing a full range of investment banking services. Now, as former head of research Michael Carter takes over as CEO, the firm prepares to embark on a new phase of development both at home and abroad.
|
July 2008 ![]() |
Kazakhstan's stock market - the missing linkby Clare Nuttall in Almaty Although the Kazakhstan Stock Exchange (KASE) is the most developed in Central Asia, its development has been slow compared to the country's banking sector. It now faces an uphill struggle due to intense competition from foreign exchanges for Kazakhstan's highly attractive pipeline of IPOs. |
May 2008 ![]() |
Kazakh banks still queasy after a borrowing bingeKazakhstan’s banks have built up onerous debt repayments after a splurge of Eurobond issuance. Are they facing a liquidity crunch? The biggest face onerous debt repayments in unpropitious domestic circumstances after a splurge of Eurobond issuance. With little activity about, only Halyk seems to be flourishing. Elliot Wilson reports from Almaty.
|
May 2008 ![]() |
Kazakhstan - arguably better than beforeby Michael Carter of Visor Capital With inflation spiking to 19%, a residential real estate bubble unwinding, banks facing a very difficult funding environment, the gov¬ernment increasing the tax burden on the oil and gas and mining sectors... |
April 2008
|
Sub-prime threatens feel-good factor in KazakhstanKAZAKHSTAN’S phenomenal economic growth and appetite to play on the global financial stage have been soured by sub-prime, writes Jonathan Rest. That was the message from Stefan Scholz, managing director of Visor Capital, an investment bank that conducts mergers and acquisitions business across Kazakhstan and other Commonwealth of Independent States countries. |
September 2007
|
Market enjoys steady stream of IPOsWith strong balance sheets and laudible efforts to improve corporate governance, Kazakh companies have had no trouble attracting equity investors home and abroad. And although banks have struggled to sustain share prices in secondary markets, in general the bank, mining and real estate sector IPOs have exemplified Kazakhstan's enviable economic performance. Julian Evans reports. |
August 2007
|
The BankerNew strength attracts interestGold rush "A gold rush has started," says Michael Sauer, CEO of Visor Capital, Kazkhstan's first domestic investment bank, which was set up in 2005. "Every week we are seeing two or four [international] clients coming down to take a look around. We take them out to meetings and I am sure the volume on the [Kazakh Stock Exchange] has doubled in just the past three months. At the same time there is more private equity action and more mergers and acquisitions." |
July 2007
|
EuromoneyBest Equity House in Kazakhstan
|
May 2007
|
EuromoneyKazakhstan ready to float its currencyKazakhstan is about to take another step on the path to becoming a recognized mainstream economy by removing restrictions on its currency, the tenge. The country plans to make the tenge fully convertible in January. |
January 2007
|
EuromoneyHow Citic oiled the wheels of Kazakh M&AWHEN CITIC GROUP snapped up Nations Energy of Kazakhstan for $1.9 billion in December 2006, the deal was both a coup for the Chinese conglomerate and an indication of the increasingly frenzied attempts of foreign companies to grab assets in leading energy-producing countries. |