Bassma Bakry

Al Ahly Pharos Securities Brokerage

Equity Research Analyst @ Al Ahly Pharos Securities Brokerage

Bassma is an Equity research analyst at Pharos holding. She holds a bachelor’s degree in Business Administration majored in Finance from the British University in Egypt.

Bassma Bakry
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Latest from Bassma Bakry

Suez Canal Bank: High base effect reflects on bottom-line growth; Lending momentum revives

CANA 1Q22 net profit pre-appropriations recorded EGP96 million (-17% y/y, -58% q/q), which is 16% lower than our estimates for 1Q22. The bottom line plummeted on an annual basis mainly on the back of 1) high base effect as the non-interest income dec...
Al Ahly Pharos Securities Brokerage Bassma
Bassma Bakry @ Al Ahly Pharos Securities Brokerage 31 May 2022

Faisal Islamic Bank of Egypt: One-off gains guarantee a strong quarter; LDR is stable

FAIT 1Q22 net profit stood at EGP1,311 million (+116% y/y, +11% q/q), while attributable net profit recorded EGP1,290 million (+123% y/y, +8% q/q). This significant growth came in despite a 49% y/y increase in OPEX driven by admin expenses and a 91% ...
Al Ahly Pharos Securities Brokerage Bassma
Bassma Bakry @ Al Ahly Pharos Securities Brokerage 31 May 2022

Egyptian Gulf Bank: Quarterly growth decelerates on lower margins and higher provisions

EGBE 1Q22 standalone net profit pre appropriations recorded EGP197 million (+24% y/y, +5% q/q), which is 4% higher than our bottom-line estimate of EGP191 million. The balance sheet implied that the lending growth started to pick up sequentially and ...
Al Ahly Pharos Securities Brokerage Bassma
Bassma Bakry @ Al Ahly Pharos Securities Brokerage 30 May 2022

B Investments Holding: Initiation of Coverage – Embracing ingenuity

We Initiate coverage on BINV with an overweight recommendation, based on an equity value of EGP2,827 million and a fair value of EGP17.67/share, offering an upside of 105%. Lastly, the company currently has an exercisable put option to sell its remai...
Al Ahly Pharos Securities Brokerage Bassma
Bassma Bakry @ Al Ahly Pharos Securities Brokerage 24 May 2022

Al Baraka Bank Egypt: Bottom-line recovers given strong operational performance; Lending improves

SAUD 1Q22 net profit recorded EGP369 million (+37% y/y, +3797% q/q), 26% higher than our estimates for 1Q22. On a sequential basis, efficiency improved over 1Q22, since operating income expanded by 15% q/q, coupled with a decrease in OPEX of 30% q/q,...
Al Ahly Pharos Securities Brokerage Bassma
Bassma Bakry @ Al Ahly Pharos Securities Brokerage 16 May 2022

ATLC: A positive start to the year

ATLC 1Q22 net income recorded EGP26 million (+57% q/q, -64% y/y). This implies healthy growth of the leasing portfolio. Despite the reversals, the bottom-line still witnessed a decline of 64% in 1Q22 on an annual basis, since 1Q21 bottom-line include...
Al Ahly Pharos Securities Brokerage Bassma
Bassma Bakry @ Al Ahly Pharos Securities Brokerage 12 May 2022

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