Al Ahly Pharos Securities Brokerage
Al Ahly Pharos Securities Brokerage

Al Ahly Pharos Securities Brokerage

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 Al Ahly Pharos Securities Brokerage

Cairo Poultry: Valuation Update| Value Chain Integration Balances Overall Performance

We update our valuation for POUL with a FV of EGP4.50/Share, down from EGP4.95/Share, and maintain our Equalweight recommendation, on an upside of 35.2%. • Incorporating 2020 actual results. • We project POUL’s revenues to come in at EGP4,425 million...
Al Ahly Pharos Securities Brokerage Merna
Merna Arafat @ Al Ahly Pharos Securities Brokerage 18 October 2021

Eastern Tobacco: FY20/21 – Record sales and productivity; but bottom line is hit by provisions

EAST recorded EGP3.875 billion in revenues in 4QFY20/21, down 2.7% QoQ but up 25.1% YoY. This is slightly higher than our expectations of EGP3.60 billion for the quarter. Gross profit for the quarter decreased by 4.0% QoQ but grew 43.0% YoY to reach ...
Al Ahly Pharos Securities Brokerage Martina
Martina Bernaba @ Al Ahly Pharos Securities Brokerage 18 October 2021

EK Holding: October 2021 Valuation Update – Holding All the Aces; Maintain Overweight

We upgrade our valuation for EK Holding to USD2.03/share (up from USD1.61/share). v) a lower than previously estimated daily natural gas production for ONS. For Alex Fert, we raised our FV to USD0.50/share from the previous USD0.30/Share as we incorp...
Al Ahly Pharos Securities Brokerage Omar
Omar Attia @ Al Ahly Pharos Securities Brokerage 18 October 2021

QNB Alahli: 3Q2021 – earnings wane on higher expenses amid stable operations; lending wanes

QNBA 3Q21 net profit pre-minority interest and appropriations recorded EGP1.91 billion (-10% q/q, +6% y/y), bringing 9M21 bottom line to EGP6.07 billion (+6% y/y). Efficiency deteriorated as operating income declined by 2% q/q coupled with an increas...
Al Ahly Pharos Securities Brokerage Dalia
Dalia Bonna @ Al Ahly Pharos Securities Brokerage 11 October 2021
Flash Report / United Kingdom

IDHC Valuation Update | Exceptional 2021 Performance; Healthy Growth Thereafter

We update our valuation for IDHC with a FV of EGP23.70/Share (USD1.51/Share), up from EGP22.80/Share (USD1.45/Share), and maintain our Overweight recommendation, on an upside of 31.3% (in EGP terms). • For the full year, IDHC is expected to record a ...
Al Ahly Pharos Securities Brokerage Merna
Merna Arafat @ Al Ahly Pharos Securities Brokerage 27 September 2021
Flash Report / Egypt

Orascom Investment Holding: Opening doors for change

OIH's BoD has discussed the sale and the transfer of the company’s stake in “Trans World Associates” (Submarine Cables in Pakistan) to Orastar Limited. The enterprise value of the company amounted to USD96 million, which translates to EGP1,508 millio...
Al Ahly Pharos Securities Brokerage Bassma
Bassma Bakry @ Al Ahly Pharos Securities Brokerage 15 September 2021