Marina William

Al Ahly Pharos Securities Brokerage

Equity Research Analyst @ Al Ahly Pharos Securities Brokerage

Graduated from ASU with a Bachelor of Business degree, majoring in Economics with an overall GPA of 3.50. CFA Research Challenge participant representing ASU in 2019/2020 team. Joined Pharos Holding as an Equity Research Analyst in September 2020.

Marina William
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Latest from Marina William

Juhayna: 3Q22 – Revenues continue to rise while costs take a toll on margins

Yogurt sales drop sequentially while the rest continue to rise; Solid market shares maintained. Heightened costs taking a toll on margins; provisions pressuring bottom-line further. Commodities cool-down and removal of import restrictions to support....
Al Ahly Pharos Securities Brokerage Marina
Marina William @ Al Ahly Pharos Securities Brokerage 17 November 2022

Cairo Poultry: 3Q22 – Taxes, rising costs and stagnation in demand weigh down on margins

Stagnation in Demand Impacts Top-line; Processing Segment Main Supporter. Turbulence in the Local Commodities Market Pressures Margins; Bottom-Line Dives Down with Unfortunately-Timed Taxes. New Feed Prices to Be Maintained One Way or the Other; Resu...
Al Ahly Pharos Securities Brokerage Marina
Marina William @ Al Ahly Pharos Securities Brokerage 16 November 2022

Eastern Tobacco: 1Q22/23 – Local sales supports profitability; retirement program to linger

Local revenues continue the rise; Toll sales dive by Phillip Morris phasing out and declining demand for e-options. Early retirement program to linger for one more year, affecting margins and bottom-line. Supported by local sales; UTC to give an extr...
Al Ahly Pharos Securities Brokerage Marina
Marina William @ Al Ahly Pharos Securities Brokerage 16 November 2022

Domty: 3Q22 – Weak base supports growth numbers; profitability pressured by expenses

Steady revenue growth backed by volumes and prices. Heightened SG&A and interest expenses pressure margins and profitability. Saved by the base effect; Margins recovery on the horizon.
Al Ahly Pharos Securities Brokerage Marina
Marina William @ Al Ahly Pharos Securities Brokerage 16 November 2022

GB Auto: 3Q22 – Cost optimisation saves the day; GB Capital continues to rise

Auto business continues to cast a shadow over revenues despite growth in GB Capital’s top-line. Cost optimisation led to healthy margins; GB Capital continues to rise. All is bright once materialised.
Al Ahly Pharos Securities Brokerage Marina
Marina William @ Al Ahly Pharos Securities Brokerage 16 November 2022

EDITA: 3Q22 – Top-line supported by both prices and volumes; rally to continue

Revenues backed by volumes and prices; Cake segment continues to shine while wafers lag behind. Efficiency and economies of scale support profitability despite rising costs. The rally to continue.
Al Ahly Pharos Securities Brokerage Marina
Marina William @ Al Ahly Pharos Securities Brokerage 16 November 2022

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