KAMCO: Investment Strategy for 2012
The strategy is to focus on KAMCO’s core business lines such as asset management and investment banking and at the same time capitalize on the rising growth opportunities in the GCC and China. Sadoun A. Ali, Chief Executive Officer of KAMCO, admits that “those 2 areas (China and the GCC) show healthy growth and KAMCO is looking for ways and products to tap into those markets.”
The chairman of KAMCO said “looking ahead, we see China and other emerging eastern markets continuing to refocus our global investment strategy, coupled with effective diversification to avoid unnecessary risk. Restructuring advice will increase in importance, as will advisory services relating to Kuwaiti government Public Private Partnership (PPP) and other ‘mega’ construction projects. Exposure to non-core sectors such as real estate and services will continue to be reduced.”
The strategy is to focus on KAMCO’s core business lines such as asset management and investment banking and at the same time capitalize on the rising growth opportunities in the GCC and China. Sadoun A. Ali, Chief Executive Officer of KAMCO, admits that “those 2 areas (China and the GCC) show healthy growth and KAMCO is looking for ways and products to tap into those markets.”
Today, investors are cornered between keeping their money sitting idle in banks at low interest rates and volatile stock market. Thus, KAMCO is trying to bring new innovative and safer products to the market such as funds in the GCC and China, corporate bonds etc. to respond to client’s needs. Eventually, these measures should reflect positively on KAMCO’s stock price.
About KAMCO:
Established in 1998 with the mission to significantly alter the local and regional investment landscape, KAMCO is a premier investment company based in Kuwait. A subsidiary of United Gulf Bank (UGB) – the investment banking subsidiary of Kuwait Projects (Holding) Company (KIPCO) – KAMCO was listed on the Kuwait Stock Exchange (KSE) in 2003.
After more than twelve years of conducting business in Kuwait’s dynamic investment industry, KAMCO has successfully established a robust reputation for solidity, characterized by its prudent, conservative investment philosophy which has consistently commanded the goodwill of a wide patron-base.
KAMCO’s Asset Management Division specializes in customized portfolio management, access to IPOs, and local and international fund management. The Investment Advisory and Research Division tracks the latest directions and trends across regional and local economies as well as equity markets and offers a range of customized services that focus on maximizing returns, mitigating risks, and maintaining capital appreciation for individual and institutional clients. The Company’s Financial Services and Investment Division offers a full range of advisory services on mergers and acquisitions, underwriting, private placements, debt issuance and restructuring, and private equity management. In 2011, the Company will further aggressively build upon its core competencies to offer MENA-wide investment management consultancy and services, backed by its proven track-record in stringent risk mitigation, investment product innovation, and a cautious investment approach towards local, regional and international capital markets.
Interview:
Kuwait Capital Market 2012: CMA, Outlook, Equities, Bonds