The Mauritius stock exchange: Sectoral analysis, risk and return
Companies listed on the Mauritius Stock Exchange are classified into seven sectors of the economy, namely Banking & Insurance, Industry, Investments, Sugar, Commerce, Leisure & Hotels and Transport. Significant improvements in market capitalisation and turnover are noted in all sectors except the Transport sector. Liquidity in each sector remains fairly low, with the Banking & Insurance sector showing comparatively better liquidity. Steps taken to improve market liquidity are also reviewed. The monthly return for a sample of companies is investigated and found to be reasonably high but so is the standard deviation of return. Most companies in the sample show betas that are statistically significant at the 5 per cent level. The correlation of return is also investigated and found to be highly positive for the blue chip companies and for companies operating in the same sector. Keywords : Mauritius Stock Exchange, Return, Standard Deviation, Beta Running Title: The Mauritius Stock Exchange
With the use of data and concrete examples, such as ::: a mini-case study, and a focus on the top 20 global players, this ::: thesis aims at tackling Capex issues in the telecom industry by ::: covering: – Uses, levels, inefficiencies in Capex management, ::: notably via insider perspective, and their impacts on capital ::: allocation; – Financing of Capex via debt and the recent ::: development of asset monetization; – Specific trends (NSA, VNOs) ::: and M&A in the telecom industry and their impacts on Capex, via ::: the case study of the French SFR-Numericable ::: transaction.