Mayar El Ashry

Pharos Holding

Senior Equity Analyst @ Pharos Holding

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 articles from Mayar El Ashry

Emaar Misr For Development: A solid quarter

Revenue in 2Q21 increased 181.8% y/y from a 2Q20 that had fairly stood its ground in the midst of the pandemic and 45.2% q/q to EGP2.2 billion as a result of a rise in unit deliveries and hospitality revenue. Net profit in 2Q21 increased 95.9% y/y an...
Pharos Holding Mayar
Mayar El Ashry @ Pharos Holding 4 August 2021
Flash Report / Egypt

Pioneers Holding for Financial Investments: Where to stand in the split

Pharos Holding Mayar
Mayar El Ashry @ Pharos Holding 4 July 2021

Palm Hills Developments: Kicking Off the Year With Impressive Sales

PHDC achieved impressive 1Q21 sales of EGP3.4 billion, up 98.1% y/y and down 37.5% q/q. The sequential decline is expected since 4Q in real estate is generally strong. The rise in sales (including contribution from ready-to-move units sold) and the j...
Pharos Holding Mayar
Mayar El Ashry @ Pharos Holding 15 June 2021

Emaar Misr For Development: Favorable base effect at play

Revenue in 1Q21 increased 537.3% y/y to EGP1.5 billion as a result of a rise in unit deliveries. Net profit in 1Q21 rose 113.7% y/y to EGP529.1 million, translating into an NPM of 34.3%. Land liabilities increased from EGP0.3 billion at the end of 4Q...
Pharos Holding Mayar
Mayar El Ashry @ Pharos Holding 14 June 2021

SODIC: Off to a great start

OCDI achieved 1Q21 sales of EGP1.9 billion, up 113.9% y/y and down 44.0% q/q. East Cairo projects contributed 38.0%. Net cash collections in 1Q21 reached EGP1.2 billion with delinquencies at 10.9%, compared to net cash collections of EGP986.0 million...
Pharos Holding Mayar
Mayar El Ashry @ Pharos Holding 31 May 2021

MNHD: Sales expectedly decline compared to land-backed 1Q20

MNHD recorded 1Q21 sales of EGP1.5 billion, down 42.1% y/y. The decline in sales is the result of 1Q20 having included the EGP1.1 billion land sale. Excluding this land sale from 1Q20 sales would yield 1Q20 sales of EGP1.4 billion and would translate...
Pharos Holding Mayar
Mayar El Ashry @ Pharos Holding 30 May 2021

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