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 from Al Ahly Pharos Securities Brokerage

Egypt F&B Sector 2022 | Weathering Through The Storm; Shielded by Demand

Sector Outlook, Hopes, Fears, and Top Picks. Sector Valuation Table and Inter-company Comparison. Individual F&B Players: 2022 Fundamental Review.
Al Ahly Pharos Securities Brokerage Marina
Marina William @ Al Ahly Pharos Securities Brokerage 22 June 2022

Suez Canal Bank: High base effect reflects on bottom-line growth; Lending momentum revives

CANA 1Q22 net profit pre-appropriations recorded EGP96 million (-17% y/y, -58% q/q), which is 16% lower than our estimates for 1Q22. The bottom line plummeted on an annual basis mainly on the back of 1) high base effect as the non-interest income dec...
Al Ahly Pharos Securities Brokerage Bassma
Bassma Bakry @ Al Ahly Pharos Securities Brokerage 31 May 2022

Faisal Islamic Bank of Egypt: One-off gains guarantee a strong quarter; LDR is stable

FAIT 1Q22 net profit stood at EGP1,311 million (+116% y/y, +11% q/q), while attributable net profit recorded EGP1,290 million (+123% y/y, +8% q/q). This significant growth came in despite a 49% y/y increase in OPEX driven by admin expenses and a 91% ...
Al Ahly Pharos Securities Brokerage Bassma
Bassma Bakry @ Al Ahly Pharos Securities Brokerage 31 May 2022

Eastern Tobacco: 3Q21/22 – Prices boost top-line; provisions take a toll on profitability

Toll manufacturing sales recorded EGP1,584 mn, a YoY drop of 9.6%. Despite the steep decline in EBIT, interest income was able to cushion the blow on bottom line, recording EGP121 mn in 3Q21/22, compared to EGP15 mn in 2Q21/22, and EGP36 mn in 3Q20/2...
Al Ahly Pharos Securities Brokerage Marina
Marina William @ Al Ahly Pharos Securities Brokerage 31 May 2022

Domty: 1Q22 – Cheese & bakery drive margins; Interest expense looms over profitability

DOMT continues its track of top-line growth, recording EGP1,122 mn for the quarter, compared to EGP647 mn in 1Q21 and EGP1,087 mn in 4Q21, a hike of 73.4% YoY and 3.2% QoQ. The white cheese segment continues to be the major contributor, with 72% of t...
Al Ahly Pharos Securities Brokerage Marina
Marina William @ Al Ahly Pharos Securities Brokerage 31 May 2022

Palm Hills Developments: 1Q22 – Strong start to the year

PHDC achieved impressive 1Q22 sales of EGP5.5 billion, up 62.4% y/y and 25.5% q/q, driven by growth in the number of units sold and an increase in average selling prices across all projects. Sales growth was mainly supported by growth in Badya sales ...
Al Ahly Pharos Securities Brokerage Mayar
Mayar El Ashry @ Al Ahly Pharos Securities Brokerage 31 May 2022