Omar Attia

Al Ahly Pharos Securities Brokerage

Equity Research analyst @ Al Ahly Pharos Securities Brokerage

I work as Equity Research analyst at Pharos Holdings, covering the petrochemicals sector. I am part of the winning team of the 2019 National CFA research challenge and Egypt’s representative in the 2019 EMEA CFA research challenge.

Omar Attia
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Latest articles from Omar Attia

Qalaa Holdings: 3Q21 – despite revenue surge, losses are maintained; Maintain EW

Qalaa Holdings reported 3Q21 consolidated financial results posting a net loss post minority of EGP441 million, versus 2Q21’s net loss of EGP402 million and 3Q20’s net loss of EGP444 million. Consolidated debt stood at EGP63.1 billion of which EGP43....
Al Ahly Pharos Securities Brokerage
Omar
Omar Attia @ Al Ahly Pharos Securities Brokerage 5 December 2021

Nitrogen Fertilizers: Valuation update – once in a lifetime year ahead

In a move to narrow the gap between local quota fertilizer prices and international pries, nitrogenous fertilizer producers are now required to supply 55% of their production to the Ministry of Agriculture, a percentage equivalent to about 3.7 millio...
Al Ahly Pharos Securities Brokerage
Omar
Omar Attia @ Al Ahly Pharos Securities Brokerage 21 November 2021

EK Holding: 3Q21 – solid across the board; favorable YoY base effect a recurring theme

Egypt Kuwait Holding reported 3Q21 consolidated results. Despite sequential and yearly drip in export volumes, Alex Fert reported 3Q21 sales of USD66.6 million (+5%QoQ, +56%YoY), as the company continues to reap the benefits of superb urea export pri...
Al Ahly Pharos Securities Brokerage
Omar
Omar Attia @ Al Ahly Pharos Securities Brokerage 15 November 2021

Abu Qir Fertilizers: 1Q21/22 – ABUK kicks off FY21-22 with a bang

ABUK reported 1Q21/22 sales of EGP 2,655 million (+52% YoY, + 5%QoQ). ABUK’s 1Q21/22 bottom-line hit EGP 1,290 million (+ 88% YoY, +20% qOq), implying an NPM of 48.6% versus 4Q20/21’s figure of EGP1,071 million with a margin of 42.3% and 1Q20/21’s EG...
Al Ahly Pharos Securities Brokerage
Omar
Omar Attia @ Al Ahly Pharos Securities Brokerage 14 November 2021

Egypt: Nitrogen Fertilizers – November 2021 update

Just as the pandemic dragged Urea prices in early 2020, it appears to have completely turned a corner and grew into a contributor to the rally, albeit in an implicit way as prices hit (USD950/ ton in Egypt, USD875/ton in Europe, USD750/ton in North A...
Al Ahly Pharos Securities Brokerage
Omar
Omar Attia @ Al Ahly Pharos Securities Brokerage 11 November 2021

Sidi Kerir Petrochemicals: 3Q21 – prices compensate for weaker volumes

SKPC reported its results for 3Q21 where sales came in at EGP 1,098 million (-19% QoQ, +47% YoY). 3Q21 net profit came in at EGP75 million, implying an NPM of 6.8%, versus 2Q21’s NP of EGP131 million and 3Q20’s net loss of EGP47 million. Our TP for S...
Al Ahly Pharos Securities Brokerage
Omar
Omar Attia @ Al Ahly Pharos Securities Brokerage 10 November 2021

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Omar Attia
MENA
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Abu Qir Fertilizers
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Qalaa Holdings
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Sidi Kerir Petrochemicals
Misr Fertilizers Production Co SAE (MOPCO)