Podcast Al Ahly Pharos terbaik (2024)

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Pre-Trading Thoughts 1:24

18h ago1:24

1:24

The CBE's Monetary Policy Committee decided to maintain the overnight deposit rate, overnight lending rate, and the rate of the main operation steady at 27.25%, 28.25%, and 27.75%, respectively. The MPC attributed the decision to the decline of the inflationary pressures. The Suez Canal Economic Zone (SCZone) saw its revenues grow 36% y-o-y to hit …

1
Technical Analysis 2:34

19h ago2:34

2:34

Market Overview ORWE ORAS EAST FWRY KABO ORHD Prepared by: Mayada Amin - CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 6:01

4d ago6:01

6:01

We published yesterday our earnings expectations sheet for companies under coverage in 2Q24/FY24: 1) In 2Q24, aggregated net profit is expected to increase 61% YoY and decrease 19% QoQ, 2) In FY24, aggregated net profit is expected to increase 38% YoY, 3) Stocks that are expected to witness a shift from net loss to net profit YoY in 2Q24: OIH, AMOC…

1
Technical Analysis 2:37

4d ago2:37

2:37

Market Overview GBCO AMER ARVA TMGH PHAR AMOC CSAG OLFI FWRY prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 3:29

5d ago3:29

3:29

*Key news articles for today* The MPC will meet tomorrow to decide on key interested rates. In general, we believe the inflation outlook underscores a disinflation view that supports easing to kick off by 2024-end, or – more conservatively – by 1Q2025. We believe the CBE might prefer to keep rates unchanged in its upcoming meeting tomorrow. The IMF…

1
Technical Analysis 2:30

5d ago2:30

2:30

Market Overview ALCN AMER ISMQ OFH ORWE FWRY prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 2:01

6d ago2:01

2:01

The IMF is in discussions with the new cabinet over its policy and goals for the coming three years, these talks should wrap up next week. The Oil Ministry is set to receive two LNG shipments within the coming ten days. Suez Canal revenues fell 23% y-o-y during the fiscal year 2023-2024 to record USD7.2 bn. Egypt and Saudi Arabia have completed 60%…

1
Technical Analysis 2:41

6d ago2:41

2:41

Market Overview ETEL ISPH AMOC KZPC CLHO RACC CIRA Prepared by: Mayada Amin - CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 4:43

7d ago4:43

4:43

The Oil Ministry is studying the possibility of leasing another floating storage regasification unit (FSRU) in Ain Sokhna to meet the need for additional quantities of natural gas. The Oil Ministry aims to drill 110 exploratory wells for gas and oil, with a total investment of USD1.2 billion during FY 2024/25. It is also planning to drill 586 explo…

1
Technical Analysis 2:50

7d ago2:50

2:50

Market Overview COMI CCAP PHAR EAST MICH EKHO prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 3:21

8d ago3:21

3:21

Annual urban inflation cooled for the fourth consecutive month, registering 27.5% YoY in June, down from 28.1% YoY in May. The new government explained detailed plans for its three-year term. Goals include: Private investments to make up 51% of total investments in Egypt by the fiscal year 2026-2027 and 70% by 2030. Cabinet aims to reduce the unemp…

1
Technical Analysis 2:17

8d ago2:17

2:17

Market Overview BTFH FWRY EFIH ORWE prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 4:35

12d ago4:35

4:35

The IMF's board will meet to discuss the staff-level agreement-approved third review of Egypt's USD 8 bn loan program on 29 July, after initially being penciled in for today. An anonymous senior government official said that the delay stems from Egypt “not meeting some conditions.” However, the source clarified that these were “simple procedures by…

1
Technical Analysis 2:40

12d ago2:40

2:40

Market Overview DOMT EFIH GBCO ORHD PRCL TMGH Prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 5:36

13d ago5:36

5:36

Minister Moustafa Madbouly delivered his new government’s policy statement to the House of Representatives yesterday and delivered a speech to take MPs through the new government’s agenda over the next three years. Main points included (1) an average of 5% growth throughout the entire three-year period, (2) Private investment should make up 60-65% …

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Technical Analysis 1:12

13d ago1:12

1:12

Market Overview prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 2:58

14d ago2:58

2:58

Egypt's net international reserves rose to USD46.4 billion at the end of June, surpassing the previous record high of USD46.1 billion posted a month earlier. Non-oil trade deficit declined by 22.9% during 1Q24 to record about USD6.4 billion. The African Development Bank estimates Phase 3 of the water waste treatment plant in Al-Jabal Al-Asfar at ab…

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Technical Analysis 3:10

14d ago3:10

3:10

Market Overview COMI ORWE CSAG ASCM EFIC EGAL EGAS MEPA MPRC prepared by: Mayada Amin - CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 2:28

15d ago2:28

2:28

Egypt's PMI ticked up from 49.6 in May to 49.9 in June, posting only fractionally below the 50.0 mark which separates growth from contraction. Prime Minister held a presser a day after his new Cabinet took office, giving an overview of the new government’s list of priorities and its upcoming plans. These include (1) increasing the private sector’s …

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Pre-Trading Thoughts 3:27

18d ago3:27

3:27

According to the Minutes from the two-day session held on June 11-12, Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates. The FOMC “dot plot” showed one quarter percentage point cut by the end of 2024. The government cleared USD1.3 bn wort…

1
Technical Analysis 2:27

18d ago2:27

2:27

Market Overview ABUK ORWR PRCL ORHD prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 3:11

19d ago3:11

3:11

*Key news articles for today* The names of the new Cabinet were announced, with close to 20 new faces set to take over ministries. Among main changes was the Minister of Finance, as Ahmed Kouchouk is replacing Mohamed Maait. Real estate player El Attal Holding is planning to list 30-35% of its shares on the EGX in 2025. The Ministry of Petroleum ha…

1
Technical Analysis 2:29

19d ago2:29

2:29

Market Overview CCAP CERA DOMT EFIH ISPH Prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 6:50

20d ago6:50

6:50

El Gouna Land Sale Unlocks Massive Value and Reconfirms ORHD as Our Sector Top Pick ORHD sold a 145k sqm land plot at the backend of El Gouna for EGP1.5 billion, implying a price of USD225/sqm. This is highly positive from both a valuation perspective and an earnings perspective. If we apply the USD225/sqm price to both back and midway land in our …

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Pre-Trading Thoughts 5:19

21d ago5:19

5:19

At the end of the two-day Egypt-EU Investment conference, Prime Minister said that 29 agreements and MoUs had been signed over the event totaling EUR49 billion with EU-affiliated entities. On top of this, a further six agreements and MoUs with non-EU-affiliated entities that export to the EU inked a further EUR18.7 billion. Egypt is looking to rais…

1
Technical Analysis 3:26

21d ago3:26

3:26

Market Overview ISPH COMI ADIB MICH FWRY AMOC Prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 5:34

25d ago5:34

5:34

Al Ahly Financial Investments Management and Evolve Investment have launched Dahab Fund. Dahab is an Open-End fund that aims to achieve appropriate long-term returns for investment in gold, allowing instant investment with high liquidity and low cost such that the Net Asset Value of the fund is calculated based on the gold price announced by the Eg…

1
Technical Analysis 2:58

25d ago2:58

2:58

Market Overview COMI MTIE PHDC BTFH HELI OLFI Prepared by: Mayada Amin - CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 4:06

26d ago4:06

4:06

*Key news articles for today* Mostafa Madbouly penciled in the third week of July as when the country will be ready to “stop cutting electricity completely throughout the summer period.” However, Madbouly clarified that the current “one hour” extension will continue as planned until the end of the week and that power cuts will resume after the summ…

1
Technical Analysis 2:49

26d ago2:49

2:49

Market Overview ALCN FWRY ORWE GBCO ATQA MTIE prepared by: Mayada Amin - CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 3:36

27d ago3:36

3:36

*Key news articles for today* The World Bank has announced that it will be providing Egypt with USD700 mn. The funding comes as part of a three-year USD6 bn financing package from the bank that was announced in March. The government announced that it will carry on extending load-shedding for an “extra hour” until the end of the week. The EGP weaken…

1
Technical Analysis 2:24

27d ago2:24

2:24

Market Overview JUFO GBCO MFPC MICH ALCN prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 2:34

28d ago2:34

2:34

The Japan International Cooperation Agency (JICA) will soon disburse a USD300 million tranche from its USD733 million loan to finance the construction of the first phase of Cairo Metro Line 4. The Ministry of Electricity and Energy and the Ministry of Petroleum and Mineral Resources announced that the duration of power cuts nationwide will be exten…

1
Technical Analysis 3:27

28d ago3:27

3:27

Market overview ALCN OCDI ELKA ATQA ELEC ESRS EGAS BINV ALUM Prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 2:39

29d ago2:39

2:39

State gas firm EGAS is seeking at least 17 LNG shipments in a tender, to be delivered over the next three months. International Cooperation Minister has signed agreements with US Ambassador to Egypt for eight USAID grants worth USD130 million to further the state’s developmental objectives. The new ministerial lineup could reportedly be delayed for…

1
Technical Analysis 2:43

29d ago2:43

2:43

Market Overview MFPC EGAL ISPH ADIB EFIH OCDI ORWE prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 3:43

1M ago3:43

3:43

The Federal Reserve held interest rates steady at their current range of 5.25% to 5.5%, and revised its outlook for rate cuts to just one in 2024. The CBE revealed that the balance of foreign investments in Egyptian treasury bills in March, surged to USD32.5 billion, up from about USD13.7 billion in February. Chinese shipping and logistics group Co…

1
Technical Analysis 3:08

1M ago3:08

3:08

Market Overview CIRA SUGR GGCC EGAS ISMQ EXPA AFDI prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 3:39

1M ago3:39

3:39

Egypt is looking to secure a USD 1 bn — or its equivalent in another currency — soft loan from the Brics’ New Development Bank (NDB) by the end of 2024 or the beginning of 2025. The government is also in talks with the NDB over the issuance of local currency-denominated bonds. The government will reportedly launch its new export subsidies program s…

1
Technical Analysis 2:09

1M ago2:09

2:09

Market Overview OLFI JUFO EFID BTFH Prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 2:52

1M ago2:52

2:52

May 2024 saw a continued decline in the annual urban inflation, falling to 28.1% from April’s 32.5%. Core inflation, which excludes highly volatile and administered prices, declined for the third consecutive month in May reaching 27.1%, compared to 31.8% in April. The European Bank for Reconstruction and Development (EBRD) will announce a new elect…

1
Technical Analysis 2:47

1M ago2:47

2:47

Market Overview HRHO ORWE AMOC ESRS ALCN MFPC JUFO PREPARED BY: Mayada Amin - CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 3:56

1M ago3:56

3:56

The Head of EBRD in Egypt said that the bank has pumped USD500 million into Egypt YTD, and expects the bank's financing to reach USD1.2 billion by year-end. The Cabinet has turned down a proposal from the Supply Ministry to raise the price of subsidized sugar to EGP18 from EGP12.6 per kilo. The government will not be importing sugar for a while and…

1
Technical Analysis 3:15

1M ago3:15

3:15

Market Overview COMI SWDY EFIH ALCN PHDC ESRS ABUK AMOC Prepared by: Mayada Amin - CETA, CFTeOleh Al Ahly Pharos

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Pre-Trading Thoughts 2:54

1M ago2:54

2:54

Prime Minister Moustafa Madbouly’s new government will take their oath before President El Sisi on Tuesday. The IMF has reached a staff-level agreement with Egypt on the third review of its expanded USD8 billion loan program, which is set to unlock USD820 million after the Fund’s executive board gives the go-ahead in the coming weeks. Ain Sokhna wi…

1
Technical Analysis 1:07

1M ago1:07

1:07

Market OverviewOleh Al Ahly Pharos

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Pre-Trading Thoughts 4:08

2M ago4:08

4:08

Remittances from Egyptians abroad surged 43.8% YoY in April to USD2.2 billion. On a monthly basis, remittances increased for the second consecutive month, rising 2.6%. A number of government officials are reportedly in London today to gauge foreign appetite for fresh debt issuances, including the possibility of a eurobond issuance. The Ministry of …

1
Technical Analysis 3:37

2M ago3:37

3:37

Market Overview ORWE PHDC HRHO SWDY TMGH ESRS prepared by: Mayada Amin- CETA, CFTeOleh Al Ahly Pharos

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