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Latest articles in Consumer Staples

Thai Union Feedmill: Time to reload the stock; big-time recovery seen in 2022

Bualuang Securities Prasit
Prasit Sujiravorakul @ Bualuang Securities 1 December 2021

Thailand: Agro&Food-Good rainfall in South America in Nov despite La Niña threat

As of Nov 18, SB crop was 32% planted in Argentina, on par with the previous year. In Brazil, 52% was planted in Rio Grande do Sul and 95% planted in Parana. Overall, Brazil’s SB planting was currently 20% ahead of the 5-year mean and 25% above last ...
Bualuang Securities Prasit
Prasit Sujiravorakul @ Bualuang Securities 30 November 2021

Speed Medical: 3Q21| Core Operations Boost 9M21 Performance; New Plan Upgrades FV to EGP2.50

SPMD reported 9M21 results. Polyclinic revenues amounted to EGP5.5 million in 3Q21, depicting a growth of 4.0% QoQ and 92.1% YoY, which represent 4.5% of SPMD’s 3Q21 top-line. In addition, the Board of Directors approved the complete exit from Misr L...
Al Ahly Pharos Securities Brokerage Merna
Merna Arafat @ Al Ahly Pharos Securities Brokerage 18 November 2021

MM Group: Weak Seasonality of Auto and Huawei Caps Revenue Growth; Alpha is in Ebtikar

MTIE reported 3Q2021 revenues of EGP2.24 billion (in line with our estimates of EGP2.20 billion), compared to EGP2.21 billion in 3Q20 and compared to EGP2.32 billion in 2Q21 (+1.6% YoY, -3.4% QoQ). The annual decline is mainly attributed to Huawei we...
Al Ahly Pharos Securities Brokerage Mariam
Mariam Wael @ Al Ahly Pharos Securities Brokerage 16 November 2021

Turkey strategy: A gem mine or a value trap

2021 will be remembered as a year of unfulfilled promises as the start of the year looked like the political body had realized its “moment of truth”. As we stand today, there is a mixed bag of results with good record on economic growth (GDP up 14.3%...
ATA Invest Zeynep
Zeynep Erman @ ATA Invest 16 November 2021

Bizim Toptan: Broadly in line with our estimates

· Bizim Toptan recorded TL15.1mn net income in 3Q21, in line with our estimate of TL15.0mn but higher than consensus of TL11.5mn. · Adjusted for net financial expenses related to operations, adj-EBITDA of TL58.4mn was broadly in line with our est. of...
ATA Invest Cemal
Cemal Demirtas @ ATA Invest 10 November 2021