HOUSE_OVERSIGHT_029462.tif
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Type:
Economic analysis report / table of contents
File Size:
56.4 KB
Summary
This document appears to be a table of contents or an executive summary from an economic analysis report, likely focusing on the oil market and Saudi Arabian economic outlook for 2018. It discusses OPEC's market rebalancing efforts, a US$20bn growth price tag, government stimulus, and various sector-specific forecasts for Saudi Arabia, including banking, consumer, petchems, and healthcare.
Locations (1)
| Location | Context |
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Saudi banks, Saudi banks key beneficiary
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Key Quotes (1)
"OPEC is succeeding at rebalancing the oil market. Our supply/demand balances reflect a faster-than-expected market tightening due to improving cyclical conditions, cold winter, and OPEC compliance. A gradual OPEC+ deal exit would keep spot and forward prices in a range with the market in backwardation, and preserve OPEC's long-run market share."Source
HOUSE_OVERSIGHT_029462.tif
Quote #1
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OPEC is succeeding at rebalancing the oil market. Our supply/demand balances reflect a faster-than-expected market tightening due to improving
cyclical conditions, cold winter, and OPEC compliance. A gradual OPEC+ deal exit would keep spot and forward prices in a range with the market
in backwardation, and preserve OPEC's long-run market share.
Contents
Macro: growth bull, fiscal bear
2018 budget - expansions don't come cheap
A US$20bn price tag for growth
Government stimulus in the pipeline
Revised Fiscal Balance program - more growth, more risk
Macro table
Equity strategy: opportunity abounds as momentum picks up
KSA trading in line with GEMs despite improving outlook
Banks & petchems preferred; selective elsewhere
National Champions strategy remains attractive
2018 - the year of potential twin index inclusions
Banks: budget supports positive outlook
Saudi banks key beneficiary of loosened fiscal policy
2018 shaping up to be a strong year for the Saudi banks
Consumer: factors align for a more positive outlook
Easing austerity, higher growth boost disposable income
Expat levies: uniform fees, differentiated impact
Petchems: government support to continue for an extended duration
Delay in feedstock prices and electricity tariff hikes
Types of support for the sector from the government
Healthcare: no surprises
HOUSE_OVERSIGHT_029462
cyclical conditions, cold winter, and OPEC compliance. A gradual OPEC+ deal exit would keep spot and forward prices in a range with the market
in backwardation, and preserve OPEC's long-run market share.
Contents
Macro: growth bull, fiscal bear
2018 budget - expansions don't come cheap
A US$20bn price tag for growth
Government stimulus in the pipeline
Revised Fiscal Balance program - more growth, more risk
Macro table
Equity strategy: opportunity abounds as momentum picks up
KSA trading in line with GEMs despite improving outlook
Banks & petchems preferred; selective elsewhere
National Champions strategy remains attractive
2018 - the year of potential twin index inclusions
Banks: budget supports positive outlook
Saudi banks key beneficiary of loosened fiscal policy
2018 shaping up to be a strong year for the Saudi banks
Consumer: factors align for a more positive outlook
Easing austerity, higher growth boost disposable income
Expat levies: uniform fees, differentiated impact
Petchems: government support to continue for an extended duration
Delay in feedstock prices and electricity tariff hikes
Types of support for the sector from the government
Healthcare: no surprises
HOUSE_OVERSIGHT_029462
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