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

Al Baraka Bank Egypt: 2Q22 – Strong margins trickle down to bottom line

The sequential improvement is mainly attributed to 1) robust margins, and 2) controlled OPEX. Gross financing facilities expanded by 8% q/q reaching 19% YTD, while customer deposits expanded by 1% q/q and 1% YTD. The stock is one of the cheapest amon...
Al Ahly Pharos Securities Brokerage Bassma
Bassma Bakry @ Al Ahly Pharos Securities Brokerage 21 August 2022

Egyptian Gulf Bank: 2Q22 – Annually strong quarter but sequentially weak

Net profit rose cautiously despite no growth in topline and higher OPEX, mainly on lower booked provisions and tax rate. Lending growth shrank by 4% q/q bringing YTD growth down to 7%. Deposits slightly expanded by 1% q/q and 10% YTD. EGBE is current...
Al Ahly Pharos Securities Brokerage Bassma
Bassma Bakry @ Al Ahly Pharos Securities Brokerage 21 August 2022

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

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