Curmi & Partners Ltd.

The Sunday Times of Malta Published 14 June 2026 - Entering the Epoch of Fiscal Dominance
Article by Maksym Skotarenko
Read the full article here ⬇️

Curmi & Partners - Research & Articles The reaction of the US stock market to May's Non-Farm Payrolls report was, to put it mildly, counterintuitive to a non-finance professional reader. The US economy added 172,000 jobs, more than double the forecast of 85,000. Markets responded by selling off sharply. The S&P 500 fell 2.6%, the Dow Jon...

The Sunday Times of Malta Published 31 May 2026 - A bubble in talks of an AI bubble?
Article by Kieran Degiorgio

Read the full article here ⬇️

Curmi & Partners - Research & Articles If there’s ever been a ‘million dollar’ question, it’s the one posed by the title of this article, with this being ever-present in the market’s psyche since OpenAI launched Chat GPT on the 30th of November 2022.

The Sunday Times of Malta Published 17 May 2026 - Minding the Valuation Gap: A Vantage Point for Local Investors
Article by Marco Fassina

Read the full article here ⬇️

Curmi & Partners - Research & Articles While retail investors frequently maintain a preference for large-cap, tech-heavy indices, a compelling valuation gap has emerged between major benchmarks like the S&P 500 and European small-cap stocks. This eclectic universe provides broad sector exposure—moving away from the concentrated "Tech v...

Yesterday, we had the pleasure of sponsoring an event organised by the Dental Association of Malta! 🦷

Our very own David Curmi, Kieran Degiorgio, and Colin Attard took to the stage to share their insights on the importance of being invested and building a strong financial foundation for the future.

It was a privilege to share those insights with such a dedicated and hard-working community of dental professionals.

A big thank you to the Dental Association of Malta for having us. We look forward to continuing to support and engage with communities across Malta on their financial journeys.

The Sunday Times of Malta Published 3 May 2026 - Emerging Markets’ Enduring Attraction
Article by Karl Falzon

Read the full article here ⬇️

Curmi & Partners - Research & Articles Within the context of significant geopolitical concerns and ongoing energy price shocks, the generally buoyant sentiment in financial markets could be considered as counterintuitive. Instead of caution, investor sentiment seems to be gripped by optimism and a sense that today’s challenges are more...

📢 Challenge Aviation p.l.c. (the “Issuer”) has been granted approval by the Malta Financial Services Authority (the “MFSA”) for the admissibility to listing on the Malta Stock Exchange (the “MSE”) of a €30 million secured bond, carrying a fixed coupon of 5.75% per annum and maturing on 26 May 2032 (the “Bond”). The Bond shall be guaranteed by Challenge Aviation Holding Limited (the “Guarantor”).

Read more on our website ➡️ https://www.curmiandpartners.com/en/new-issues

Curmi & Partners Ltd is acting as an Authorised Financial Intermediary for this bond. This communication should not be considered as investment advice or recommendation with respect to these financial instruments and the information provided herein is for informational purposes only. No tax, legal or any other ancillary regulatory advice is provided in this advertisement. The information contained in this advertisement is based on public information and reflects the Offering Documentation of the financial instruments, with the information being accurately reproduced and no facts have been omitted which would render the reproduced information inaccurate or misleading. However, Curmi & Partners Ltd has not independently verified the information it has obtained from sources that it believes to be reliable. Investors are urged to read the Offering Documentation when considering whether to invest in this financial instrument. The value of investments can fall as well as rise and past performance is no indication of future performance. Curmi & Partners Ltd is acting on a non-independent basis and may receive inducements from the Issuer of the securities. This advertisement was approved for issue by Curmi & Partners Ltd, which is licensed to conduct investment services business under the Investments Services Act (Cap 370 of the Laws of Malta) by the MFSA and is also a Member of the Malta Stock Exchange. Curmi & Partners Ltd’s registered address is at Finance House, Princess Elizabeth Street, Ta’ Xbiex, XBX 1102.

The Sunday Times of Malta Published 19 April 2026 - Malta Government Stocks: strong support, but fiscal questions remain
Article by David Curmi
Read the full article here ⬇️

Curmi & Partners - Research & Articles The recent announcement of Malta’s 2026 Malta Government Stock (MGS) issuance programme has once again highlighted a familiar dynamic: a growing funding requirement with strong investor appetite expected to meet this requirement.

📢 The Government of Malta has launched a new combined issue of Malta Government Stocks, being offered to both retail and wholesale investors, with an aggregate nominal amount of €300 million subject to an over-allotment option of €200 million in the event of oversubscription. Below are the details:
3.80% Malta Government Stock 2036 (III) — priced at €100.00, implying a YTM of 3.7998%
4.10% Malta Government Stock 2041 (II) — priced at €100.00, implying a YTM of 4.0997%

Read more on our website ➡️ https://www.curmiandpartners.com/en/new-issues

Please note that this information is provided for informational purposes only and should not be construed as a solicitation to subscribe or purchase any investment. The details are subject to change without prior notice and should not be considered as investment advice or a guarantee of returns. This is a marketing communication; prior to making any investment decisions, it is important to thoroughly review the terms and conditions governing the relevant investment. The value of your investment may go down as well as up. Investors should be aware that in the event of default, insolvency and/or bankruptcy of the relevant issuer, there is a risk of losing the entire invested principal. Curmi & Partners Ltd, with registered address Finance House, Princess Elizabeth Street, Ta' Xbiex, Malta, is licensed by the MFSA to conduct investment services business under the Investment Services Act (Cap 370 of the Laws of Malta) and is a Member of the Malta Stock Exchange.

The Sunday Times of Malta Published 5 April 2026 - Market Timing Bias
Article by Maksym Skotarenko
Read the full article here ⬇️

Curmi & Partners - Research & Articles There is a particular type of investment bias that many investors have either observed professionally or experienced themselves. It is the case of the investor who diligently saves, follows markets, understand the logic of long-term investing and compounding, yet never actually invests, waiting for...

The Sunday Times of Malta Published 22 March 2026 - Diversification – a Trusted Ally in the Management of Risk
Article by Kieran Degiorgio

Read the full article here ⬇️

Curmi & Partners - Research & Articles Recent developments in the Middle East have prompted volatility across global financial markets as the repercussions of the higher repricing in oil, trading at around $90-100 per barrel, are continuously re-assessed and reflected in forward expectations, and hence, in market pricing.