Macro Analysis /

Egypt 4Q2018 top picks

    Al Ahly Pharos Securities Brokerage
    25 September 2018

    In this report we present the key macro themes and their impact on stocks, in addition to our top picks within the highly liquid names and some low-liquidity stocks.

    We are OW on non-bank financial services, contractors, consumer and pharma, and chemicals/petrochemicals. 

    We are neutral to underweight on building materials, telecom and real estate.