The market continues to suffer from a dearth of good news. Over the past few weeks, trading has been impacted by concerns over new margin trading rules, geopolitical tension with regards to the Ethiopian dam, potential disruption in Egypt’s constituents of MSCI EM rebalancing, and—more recently—Ramadan doldrums. For this, we believe investors will be better served if they play the waiting game. In other words, we believe investors that are patient enough to wait out short-term market volatility until the dust settles will eventually be rewarded, mainly in stocks that are relatively cheap with recent news catalysts. As a quick wrap up, so far into April, we had made positive calls on certain stocks in view of related news, which we reiterate below for those who may have missed them.
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