Stock Evaluations

Emirates NBD announced a decline of 15% in net profit to AED 2.7 billion
17 April 10:12 AM Emirates NBD’s stock falls in line with Q1 financials
Dubai – Mubasher: The stock of Emirates NBD, the leading UAE bank, went down 0.42% to reach AED 11.95 early Wednesday, following the disclosure of its income statements for the first quarter of fiscal year 2018. Emirates NBD registered a turnover …
Mushrif did not meet the regulations set by the CMA
16 April 04:39 PM Boursa Kuwait delists Mushrif Trading’s stock
Mubasher: Boursa Kuwait announced on Tuesday that it has delisted the shares of Mushrif Trading and Contracting from trading on the stock exchange. This decision was undertaken based on the Capital Markets Authority’s (CMA) resolution. Mushrif did …
Brooge Petroleum originally planned to float 40% of its capital on the LSE
16 April 10:52 AM Brooge Petroleum may list on Nasdaq after merger with US firm
Mubasher: Brooge Petroleum and Gas Investment Co (BPGIC) plans to list its shares on the Nasdaq stock exchange after the merger deal with the US-based firm Twelve Seas Investment Co.is completed, according to the news portal Reuters. …
Selling transactions amounted to 4.5 million shares
16 April 10:41 AM Securities House’s stock hits highest level in year
Mubasher: The stock of The Securities House gained 2.73% or 1.6 fils to reach 60.2 fils in Tuesday’s mid-trade. By 10:10 am Kuwait time, The Securities House’s stock has registered its highest level in more than a year. The stock was the second …
Almarai’s net profits slid to SAR 336.0 million in Q1-19
14 April 05:08 PM Aljazira Capital maintains “neutral” on Almarai’s stock
Riyadh – Mubasher: Aljazira Capital has maintained its “neutral” recommendation on Almarai Co’s stock with a revised target price of SAR 53 a share. During the first quarter of 2019, Almarai’s net profits slid 2.58% year-on-year to SAR …
Advanced Petrochemical’s net profits reached SAR 162 million in Q1-19
14 April 04:35 PM Aljazira Capital maintains “overweight” on Advanced Petrochemical
Riyadh – Mubasher: Aljazira Capital has maintained its “overweight” recommendation on Advanced Petrochemical’s stock with a target price at SAR 61.0 a share. During the first quarter of 2019, Advanced Petrochemical’s net profits reached SAR 162 …
Pharos Research raised their FV for Arab Cotton Ginning to EGP 3.32 per share
14 April 04:17 PM Research firm raises FV for Arab Cotton Ginning to EGP3.32/shr
Cairo – Mubasher: Pharos Research has raised their fair value (FV) for Arab Cotton Ginning’s stock to EGP 3.32 per share from EGP 2.86, recommending an ‘Overweight’. Arab Cotton Ginning is likely to report a compound annual growth rate (CAGR) of …
Jumia Group offers 81,000 active sellers
14 April 10:22 AM 1st African tech startup Jumia goes public on NYSE
Mubasher: Jumia Group has listed its shares on the New York Stock Exchange (NYSE) under the name “JMIA” on Friday, 12 April. Active in 14 countries across the world, Jumia Technologies AG has become the first African technologies company to go …
Pharos Research has set FV of Qatar QNB Al Ahli at EGP 50.4/shr
10 April 04:02 PM Research firm sets QNB Al Ahli FV at EGP 50.4/shr
Cairo – Mubasher: Pharos Research has set the fair value (FV) of Qatar National Bank Al Ahli’s (QNB Al Ahli) stock at EGP 50.4 per share, with an ‘Overweight’ recommendation. The stock is expected to rise if the bank inclined to raise free-float …
Domty’s profit margin is expected to reach 5% in Q1-19
9 April 09:34 AM Research firm sets Domty’s FV at EGP 13.1/shr
Cairo – Mubasher: Pharos Research has set the fair value (FV) of Arabian Food Industries Co’s (Domty) stock at EGP 13.07 per share. Domty’s profit margin is expected to reach 5% in the first quarter of 2019 as the price of its brand new product …
Egytrans is likely to report a stable performance this year
4 April 03:44 PM Research firm sets Egytrans FV at EGP 12.58/shr
Cairo – Mubasher: Pharos Research has set the fair value (FV) for Egyptian Transport and Commercial Services Co SAE (Egytrans) at EGP 12.58 per share, with an ‘Equalweight’ recommendation. Egytrans is likely to report a stable performance this …
The company’s management decided to change its distribution strategy
3 April 04:19 PM Pharos sets Domty FV at EGP 13.1/shr
Cairo – Mubasher: Pharos Research has maintained their fair value (FV) for Arabian Food Industries Co’ (Domty) stock at EGP 13.07 per share, with an ‘Overweight’ recommendation. The company’s management decided to change its distribution strategy …
Research firm maintains Orascom Construction FV at EGP 180
3 April 04:07 PM Research firm maintains Orascom Construction FV at EGP 180
Cairo – Mubasher: Pharos Research has reiterated their fair value (FV) for Orascom Construction Plc at EGP 180 per share, with an ‘Overweight’ recommendation. The current FV is attractive and it will be re-evaluated again when profitability …
Orascom’s 2018 financial results have reflected a positive performance
3 April 03:57 PM Research firm sets FV for Orascom Development at EGP 11.9/shr
Cairo – Mubasher: SHUAA Securities has set the fair value (FV) for Orascom Development Egypt’​s stock at EGP 11.9, 63% higher than its market value. Orascom’s 2018 financial results have reflected a positive performance and a recovery in Egypt’s …
The FV has been set in accordance with deducted cash flows by 70%
26 March 05:13 PM Financial advisor sets Panda’s FV at EGP 27.78/shr
Cairo – Mubasher: Egy Trend for Trading Securities has set the fair value of Arab Dairy Products Co.’s (Panda) stock at EGP 27.78. The FV has been set in accordance with deducted cash flows by 70%, Egy Trend said in a statement to the Egyptian …
Research firm maintains EFG Hermes FV at EGP23.8/shr
25 March 03:37 PM Research firm maintains EFG Hermes FV at EGP23.8/shr
Cairo – Mubasher: Pharos Research has reiterated their fair value (FV) of EFG Hermes at EGP 23.8 per share, with an “Overweight” recommendation. The Egypt-based leading investment bank may boost its investments in the non-banking financial …
The QSE’s shares, especially blue-chip stocks, have witnessed high foreign investment inflows
14 March 05:42 PM QSE soars Thursday on FTSE review - Analysis
By: Eman Ghaly Mubasher: The Qatar Stock Exchange (QSE) closed in the green territory on Thursday on the back of FTSE Russell’s quarterly review, financial market analyst Ahmed Akl said. The QSE’s general index rose 208.86 points, or 2.14%, to …
Ithmaar Holding is listed on Boursa Kuwait, the BHB, and the DFM
14 March 10:12 AM Boursa Kuwait suspends trading on Ithmaar Holding Thursday
Mubasher: Boursa Kuwait announced that trading on the stock of Ithmaar Holding has been suspended due to the company’s disclosure of incurring accumulated losses accounting for 99% of the capital. Based on the market regulations, the stock …
QNB Financial Services on Tuesday cut its estimate for Industries Qatar’s revenue to QAR 16.3 billion in 2019.
6 March 12:37 PM QNB cuts Industries Qatar’s PT to QAR 119/shr
Mubasher: Qatar National Bank (QNB) Financial Services reduced the price target (PT) for Industries Qatar by 5.6% to QAR 119 per share, from QAR 126 and maintained "Market Perform" recommendation, with a more conservative approach, according to a …
Oriental Weavers plans to locally launch products for wholesalers in Q1-19.
5 March 03:44 PM Research firm sets Oriental Weavers TP at EGP14.6/shr
Cairo – Mubasher: Pharos Research has set Oriental Weavers Carpets’ target price (TP) at EGP 14.6 per share, recommending ‘Overweigh’. The household durables company is expected to report higher margins for the first quarter of 2019 as …
Net cash of the UAE-based Emaar Properties’ Egyptian unit currently makes up 75.6% of market capitalisation
5 March 02:45 PM Pharos Research maintains ‘Overweight’ on Emaar Misr
Cairo – Mubasher: Pharos Research has reiterated their ‘Overweight’ recommendation for Emaar Misr for Development based on fair value (FV) of EGP 6.06 per share. Net cash of the UAE-based Emaar Properties’ Egyptian unit currently makes up 75.6% of …
Profits from main operations were negatively affected by losses of the automotive market
3 March 06:07 PM Beltone sets GB Auto fair value at EGP 6.70/shr
Cairo – Mubasher: Beltone Research set its fair value estimate for Ghabbour Auto (GB Auto) at EGP 6.70 per share, compared to a market price of EGP 5.19, with a “buy” recommendation. GB Auto's profits from main operations were negatively affected …
The Egyptian Market is not ready for the short selling mechanism
26 February 07:29 PM Short selling may have negative impact on EGX – Analysts
By: Heba El Kordy Cairo – Mubasher: Egypt’s Financial Regulatory Authority (FRA) has decided to apply the short-selling mechanism on Tuesday in a bid to lure more investments to the Egyptian market. Short selling is the sale of a security that is …
HDB’s stock price is “penalised by the mix between commercial banking and real estate operations”
26 February 03:08 PM Research firm maintains ‘Overweight’ on HDB
Cairo – Mubasher: Pharos Research has reiterated their ‘Overweight’ recommendation for Housing and Development Bank (HDB) based on fair value (FV) of EGP 70.48 per share. The research firm said that HDB’s stock price is “penalised by the mix …
Pharos Research reiterates ‘Overweight’ on ADIB Egypt on FV of EGP15.10/shr
21 February 03:54 PM Pharos Research reiterates ‘Overweight’ on ADIB Egypt
Cairo – Mubasher: Pharos Research has maintained their ‘Overweight’ recommendation on Abu Dhabi Islamic Bank Egypt (ADIB) on a fair value (FV) of EGP15.10 per share. This FV reflects the bank’s valuation and the impact of rights issue projected to …