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0.000324031342667997 0.000324031342667997 0.00155142279216831 0.00142868364721822 0.00554044500304384 0.0125979458376701 0.0159119027513207 0.0123524675477701
Stock impact report

Harding Loevner Frontier Emerging Markets Equity Composite Q1 2024 Report [Seeking Alpha]

Globant S.A. Common Shares (GLOB) 
Last globant s.a. common shares earnings: 2/20 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.globant.com
Company Research Source: Seeking Alpha
Investments in Financials contributed most to performance due to a wide range of bank holdings in Africa and frontier Europe. First Quarter 2024 Performance Attribution Sector Kenya's Equity Bank managed resilient margins and strong operating income growth, despite a rise in loan loss provisioning. Kazakhstan's Halyk Savings Bank hiked its capital return to shareholders as continued strength in net interest margins and tempered cost of risk produced strong profitability. Information Technology (‘IT') investments detracted most, particularly due to the Latin American IT services company Globant ( GLOB . The company continued to deliver sales growth but was hurt by the appreciation of currencies in Latin American countries including Mexico and Colombia where a significant portion of its software engineers are based. This raised its operating expenses and hurt profit margins. By region, African investments contributed the most to the portfolio's outperformance due to strong stock Show less Read more
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