We upgrade our FV for OLFI to EGP11.60/share and change our recommendation to Equalweight, on market rice rally. Margins To Pick Up On Cooling Commodities and Higher Final Product Prices. Bottom Line To Normalize After Dip; Working Capital & CAPEX Ar...

As hyperinflationary dynamics subside, the residual effect has unveiled a large dislocation in valuations. The risk premium attached to overall market valuations to diminish with a potential IMF agreement imminent. With the expansion in bottom line t...

Walmex reiterated its business transformation through pricing strategies, technology investment, and service portfolio. The strategy is focused on 3 pillars: (1) win at a discount, (2) be omnichannel leaders and (3) be the main ecosystem. Although st...

Despite economic crisis domestic FMCG/R were beneficiaries of hyperinflation. In early 2023, inflation pressures are easing and supply-side issues are moderating. A recovery in key sectors of the economy will aid consumption growth.

A&AR Segment continue to struggle; Three wheelers inventory cease to exist; GB Capital on the road of growth. MNT-Halan stake sale boosted bottom-line to the stars. Capital dominates the picture while auto takes the back seat.

We highlight the biggest movers in our Index over the past month, by sector, region and stock. Risers: Banking (valuation), GCC (momentum). Fallers: Metals (profitability), Western Asia (growth). Risers: Qatar National Bank, plus UAE banks ENBD, ADCB...