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


Latest articles from Pharos Holding

Cairo Investment and Real Estate Development: 3QFY21| Higher education enrolments lead to exceptional performance

CIRA recorded an exceptional topline of EGP511 million in 3QFY20/21 (+31.5% QoQ and 57.2% YoY), 24% higher than our expectations of EGP412 million. K-12 revenues for the 9MFY21 amounted to EGP542 million, up 6.5% YoY as the increase in tuition fees (...
Pharos Holding Martina
Martina Bernaba @ Pharos Holding 15 July 2021

QNB Alahli: 2Q21 – Quarterly earnings in line with estimates on healthy revenue growth

QNBA 2Q21net profit pre-minority interest and appropriations recorded EGP2.13 billion (+8% q/q, +8% y/y), which is 3% higher than our estimates of EGP2.07 billion. NIM grew by 12 bps q/q to record 5.4% as net interest income expanded (+6% q/q, 5% y/y...
Pharos Holding Dalia
Dalia Bonna @ Pharos Holding 13 July 2021

CIB: 2Q21 – Strong quarter on lower provisions; Corporate lending picks up

CIB 2Q21 net profit recorded a strong EGP3.2 billion (+12% q/q, +24% y/y) and 7% higher than our estimates for the quarter of EGP3.0 billion, bringing 1H21 bottom line to EGP6.1 billion. Operating income remained broadly stable annually and sequentia...
Pharos Holding Dalia
Dalia Bonna @ Pharos Holding 13 July 2021

OIH: Bottom line comes in the red on net finance costs; maintain Equalweight

OIH reported 1Q21 revenue of EGP206.6 million, compared to EGP179.4 million in 1Q20, implying a 15% y/y growth in top line. Looking at the historical interest income recorded in 2019 before realizing the one-off gain that is related to the early sett...
Pharos Holding Bassma
Bassma Bakry @ Pharos Holding 7 July 2021
Flash Report / Egypt

Egypt: Long-Awaited Cement Quota Allocation Is Finally Here

The Egyptian Competition Authority (ECA) has approved a request by 23 cement producers to reduce production volumes “temporarily” to help reduce a glut in output. The current production capacity of the Egyptian cement industry is c.83-85 million tonn...
Pharos Holding Zeyad
Zeyad Ahmed @ Pharos Holding 7 July 2021

Sidi Kerir Petrochemicals: Valuation update – benefiting from the PE price rally

We update our valuation for SKPC and revise our target price to EGP13.40/share from EGP9.55/share amidst a booming PE market with unusual tight supply from usual hubs. The ongoing commodity boom could not have come a better time for SKPC. As the comp...
Pharos Holding Omar
Omar Attia @ Pharos Holding 6 July 2021