Pharos Holding
Pharos Holding

Pharos Holding

Coverage: Egypt
Pharos Holdings is a 360º investment bank headquartered in Egypt. The Pharos research team is the “go-to” team for Egypt coverage, with more than 75 EGX listed companies under coverage.
Location: Cairo

Analysts

Latest articles from Pharos Holding

EK Holding: 1Q21 – Commodity boom helps deliver strong results

Egypt Kuwait Holding reported its 1Q21 consolidated results where revenue for the quarter came in at USD191 million (+31%QoQ, +19%YoY). Sprea’s sales surged sequentially on the basis of price revisions for the company’s final product as per the incre...
Pharos Holding Omar
Omar Attia @ Pharos Holding 17 May 2021

Al Baraka Bank Egypt: Bottom-line surges on lower impairments, taxes, and operational efficiency

SAUD 1Q21 standalone bottom line recorded EGP269 million (+109% q/q, and +3% y/y). Alternatively, the limited annual growth came in on higher booked impairments in 1Q21, compared to 1Q20 (+71% y/y), despite the 14% y/y growth in net funded income and...
Pharos Holding Bassma
Bassma Bakry @ Pharos Holding 11 May 2021

Suez Canal Bank: Bottom line pressured with provisions despite high non-interest income

CANA 1Q21 net profit pre-minority interest and appropriations recorded EGP116 million (-53% q/q, +1.2% y/y). The limited annual growth came on the back of the large booked provisions, which surged by 205% y/y coupled with high Opex. Net interest inco...
Pharos Holding Bassma
Bassma Bakry @ Pharos Holding 11 May 2021

Export Development Bank Of Egypt: 3Q20/21| Weak quarter for revenues exacerbated by hefty provisions and high OPEX

EXPA’s consolidated 3Q20/21 bottom line recorded EGP126 million (-43% q/q, -66% y/y). The sequential and annual decline mainly came as a result of: 1) booked provisions versus provisions reversals in the comparative quarters, coupled with 2) weak top...
Pharos Holding Dalia
Dalia Bonna @ Pharos Holding 11 May 2021

ADIB Egypt: 1Q21| Profits decline sequentially despite strong top-line

ADIB 1Q21 consolidated net profit pre-minority interest and appropriations recorded EGP332 million (-6% q/q, +44% y/y), with annualized ROAE of 22%. Profits grew annually despite stable top line, mainly on lower OPEX which recorded an exceptionally h...
Pharos Holding Dalia
Dalia Bonna @ Pharos Holding 11 May 2021

Abu Qir Fertilizers: 3QFY20/21 - High prices compensate for sequentially lower booked volumes

ABUK released its 3Q20/21 audited financial statements, posting a sales figure of EGP2,269 million (+25% YoY, Flat QoQ). Strong GPM filtered across to the company’s EBITDA as it hit EGP953 million (+63%YoY, +13%QoQ), implying an EBITDA margin of 42.1...
Pharos Holding Omar
Omar Attia @ Pharos Holding 11 May 2021