Mayar El Ashry

Mayar is Senior Equity Analyst in charge of coverage of real estate and hospitality stocks in Egypt. She has achieved the top ranking on Bloomberg for all stocks under her coverage. She graduated from the American University in Cairo with a Bachelor of Business Administration degree with a concentration in Finance and a double minor in Economics and History. 

Mayar El Ashry
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Latest from Mayar El Ashry

Palm Hills Developments: 1Q22 – Strong start to the year

PHDC achieved impressive 1Q22 sales of EGP5.5 billion, up 62.4% y/y and 25.5% q/q, driven by growth in the number of units sold and an increase in average selling prices across all projects. Sales growth was mainly supported by growth in Badya sales ...
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 31 May 2022

Emaar Misr For Development: 1Q22 – finance income boosts bottom line

EMFD reported solid 1Q22 revenue of EGP2.6 billion, up 66.6% y/y and down 25.7% q/q, supported by revenue in Mivida, which constituted 74.0% of total revenue, followed by Marassi at 20.8%, Uptown Cairo at 4.8%, and hospitality at 0.4%. Net profit in ...
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 29 May 2022

Talaat Moustafa Group Holding: 1Q22 – Kicking off strong

TMGH achieved strong 1Q22 sales of EGP5.4 billion, up 55.2% y/y and up 10.5% q/q. We forecast FY22 sales of EGP24.4 billion in our EGP16.66/share valuation. Real estate revenue grew 3.5% y/y to EGP2.1 billion, hotel revenue grew 122.4% y/y to EGP387....
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 24 May 2022

MNHD: 1Q22 review – Revenues rise on higher sales and deliveries

1Q22 sales increased 110.6% y/y to EGP1.6 billion of which Sarai constituted 54.3% and Taj City constituted 45.7%. Revenue in 1Q22 increased 70.7% y/y to EGP841.6 million as a result of the increase in unit deliveries and increase in sales. Gross pro...
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 19 May 2022

Orascom Development Egypt: Stable start to the year

ORHD reported stable 1Q22 sales of EGP2.0 billion, down 3.6% y/y and down 32.0% q/q. Real estate revenue increased 18.1% y/y to EGP1.4 billion in 1Q22, supported by accelerated construction, and town management revenue increased 50.5% y/y to EGP276.1...
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 18 May 2022

SODIC: Off to a strong start

OCDI achieved strong 1Q22 sales of EGP3.7 billion, up 102.2% y/y and down 37.4% q/q from 4Q that is generally a strong quarter in real estate, reaching a record 1Q high in OCDI’s history. West Cairo projects accounted for 36% of 1Q22 sales, supported...
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 21 April 2022

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