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

Egypt Real Estate 2023: Expected stability amid a supportive macro environment

We expect real estate to continue to be viewed as a store of value, especially in light of EGP depreciation. Valuation gaps are confirmed when comparing our Value/Sqm to (EV - Discounted Receivables)/Sqm multiples. ORHD and TMGH are our sector top pi...
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 21 November 2022

Emaar Misr For Development: 3Q22 | Another Solid Quarter

3Q22 revenue reached EGP4.7 billion, up 22.2% y/y and 5.2% q/q. Net profit in 3Q22 increased 22.6% y/y and 21.4% q/q to EGP1.8 billion. Net cash position currently constitutes 83.7% of market cap.
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 15 November 2022

Talaat Moustafa Group Holding: 3Q22 | A Strong Quarter

Sales in 3Q22 reached EGP9.7 billion, up 49.2% y/y and 63.6% q/q. Net profit in 3Q22 increased 7.0% y/y and 62.4% q/q to EGP887.4 million. 9M22 hotel revenue of EGP1.5 billion stands to increase even further in 4Q22 given COP27 in Sharm El Sheikh.
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 14 November 2022

Orascom Development Egypt: 3Q22 | Solid Sales and Impressive Top and Bottom Lines

3Q22 sales reached EGP2.6 billion, up 17.0% y/y and down 2.2% q/q, bringing 9M22 sales to EGP7.3 billion, up 16.9% y/y. Hotel revenue in 3Q22 grew 64.2% y/y and 19.0% q/q to EGP443.3 million, driven by occupancy rate in El Gouna of 77.0%. Net profit....
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 14 November 2022

Palm Hills Developments: 3Q22 | Strong Sales and Earnings

Sales rose 33.0% y/y, 33.0% q/q to EGP6.8 billion, taking 9M22 sales to company record of EGP17.5 billion, up 36.2% y/y. Revenue in 3Q22 reached EGP2.6 billion, up 38.9% y/y and down 35.2% q/q. Net profit in 3Q22 rose 102.4% y/y and 33.7% q/q to EGP3...
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 10 November 2022

MNHD: 3Q22| Impressive Sales and Earnings

MNHD achieved stellar 3Q22 sales of EGP3.3 billion, up 445.9% y/y and 83.6% q/q. Revenue in 3Q22 grew 188.9% y/y and 23.4% q/q to EGP1.2 billion. Net profit in 3Q22 rose 1314.9% y/y and 173.7% q/q to EGP303.2 million.
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 3 November 2022

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Mayar El Ashry
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