أفضل بودكاسات Al Ahly Pharos (2024)

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Pre-Trading Thoughts 7:42

1d ago7:42

7:42

We published today our earnings expectations sheet for companies under coverage in 3Q24/FY24/FY25: 1) In 3Q24, aggregated net profit is expected to increase 49% YoY and decrease 14% QoQ, 2) Aggregated net profit is expected to increase 53% YoY in FY24 and 15% YoY in FY25, 3) Stocks that are expected to witness a shift from net loss to net profit Yo…

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Technical Analysis 1:23

1d ago1:23

1:23

Market Overview Prepared by: Mayada Amin - CETA, CFTeبقلم Al Ahly Pharos

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Technical Analysis 2:33

2d ago2:33

2:33

ABUK ALCN TMGH ORAS EFID prepared by: Mayada Amin - CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 5:39

3d ago5:39

5:39

The government will soon announce “important news” regarding the privatization of a number of banks and airports, Prime Minister Moustafa Madbouly said. Egypt’s external debt sat at USD152.9 bn during the end of FY2023/24, falling some USD15.1 bn (almost 9%). Egypt's import bill for petroleum products reached USD10.5 billion during 9M2024, compared…

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Technical Analysis 2:26

3d ago2:26

2:26

Market Overview ABUK ALCN CIEB TMGH prepared by: Mayada Amin- CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 2:58

4d ago2:58

2:58

The Financial Regulatory Authority has suspended issuing new licenses for companies seeking to operate in consumer finance or microfinance for one year. Egypt is looking to boost its natural gas production by 30% to 6 bn cubic feet of gas per day by the end of 2025. Kuwait is reportedly mulling converting its deposits in the CBE - USD4 billion - in…

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Technical Analysis 1:27

4d ago1:27

1:27

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

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Pre-Trading Thoughts 5:58

5d ago5:58

5:58

President Abdel Fattah El Sisi yesterday inaugurated the country’s newest and largest railway station, Giza’s Bashteel Station. The CBE’s MPC is scheduled to meet on Thursday, 17 October. We expect the CBE to prefer to hold rates unchanged in its upcoming meeting. The Suez Canal Authority has rolled out fresh incentives and facilities for yachts pa…

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Technical Analysis 2:22

5d ago2:22

2:22

Market Overview Prepared by: Mayada Amin- CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 4:40

8d ago4:40

4:40

Annual urban inflation slightly accelerated, registering 26.4% YoY in September, up from 26.2% in August. Finance Minister Ahmed Kouchouk unveiled the first phase of a package of tax facilities aimed at simplifying the tax system and easing the burden on taxpayers The revamped export subsidy program aims to enhance transparency by clearly reflectin…

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Technically Analysis 2:17

8d ago2:17

2:17

Market Overview CLHO ETEL BTFH ALCN ORAS prepared by: Mayada Amin- CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 3:02

9d ago3:02

3:02

*Key news articles for today* The government will announce a fresh package of tax facilities and investment incentives later today. Finance Minister said that he expects to see the facilities implemented before the end of the year. Minister of Transportation and Industry Kamel El Wazir said that president El Sisi ratified a decree to launch an init…

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Pre-Trading Thoughts 5:18

10d ago5:18

5:18

The House of Representatives preliminary approved government-drafted amendments to the law regulating how the Sovereign Fund of Egypt (SFE) operates. The MPs approved a presidential decree approving increasing our subscription to the IMF by 50% — which will be worth some USD1.4 bn and EGP48 bn. The MPs also approved a USD15 mn USAID grant to help u…

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Technical Analysis 2:29

10d ago2:29

2:29

Market Overview FAIT JUFO EAST CLHO prepared by: Mayada Amin- CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 3:50

11d ago3:50

3:50

Ras El Hekma is reportedly expected to reach total investments worth USD110 billion by 2045, with a yearly GDP contribution of USD25 billion, and create around 750k direct and indirect jobs. Egypt’s GDP growth rate was 2.4% in the fourth quarter of the 2023/24 year, bringing the annual growth rate to 2.4%, down from 3.8% a year earlier. Net Interna…

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Technical Analysis 2:04

11d ago2:04

2:04

Market Overview OCDI JUFO FAIT EFID SAUD prepared by: Mayada Amin- CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 4:41

15d ago4:41

4:41

Net foreign asset (NFA) surplus fell 27% to USD9.7 bn in August, down from USD13.3 bn in July. NFA of banks registered a deficit of USD536 mn, down from a surplus of USD2.8 bn in July. Egypt's PMI registered 48.8 in September, the headline index was below the 50.0 no-change value to indicate a modest decline in business conditions at non-oil privat…

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Pre-Trading Thoughts 5:55

16d ago5:55

5:55

The CBE has released the Balance of Payment (BoP)'s performance report for FY2023/24. Key points are: The overall BoP recorded a surplus of c.USD9.7 bn during FY 2023/24. Egypt's current account deficit more than quadrupled, surging to USD 20.8 bn. The oil trade balance surged to USD8 bn deficit in FY2023/24, compared to a USD 410 mn surplus in FY2…

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Pre-Trading Thoughts 5:29

17d ago5:29

5:29

Emirati sovereign wealth fund ADQ will lay the foundation stone for its USD multi-billion Ras El Hekma project on Friday, Deputy Housing Minister said. The Madbouly government will start introducing cash-based subsidies on a trial basis in certain areas of the country starting next fiscal year, Supply Minister said. Intro Group subsidiary Intro Tec…

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Pre-Trading Thoughts 2:54

18d ago2:54

2:54

Ongoing geopolitical tension in the region has had a dire impact on Suez Canal revenues, which have seen a 50-60% drop — equivalent to USD6 billion — over the past 7-8 months, President El Sisi said. The government is currently in talks with foreign partners over a new set of incentives for the oil and gas industry that aim to boost oil and gas pro…

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Technical Analysis 2:36

18d ago2:36

2:36

Market Overview HRHO JUFO TMGH ABUK ALCN prepared by: Mayada Amin- CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 2:01

19d ago2:01

2:01

Egypt's total public debt declined by about 2.1% during the last quarter of FY23/24 to EGP12.52 trillion. The European Bank for Reconstruction and Development (EBRD) raised Egypt’s growth forecast for 2025 to 4.5% from 4.4%. The Central Bank of Egypt intends to launch a version for commercial transactions via InstaPay for transactions between indiv…

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Pre-Trading Thoughts 2:19

22d ago2:19

2:19

Prime Minister Madbouly said he is coordinating with Investment and Trade Minister Hassan El Khatib over a new package that would encourage and incentivize both new and current investors to inject more investments into various sectors. Prime Minister Madbouly said he is working with Finance Minister Ahmed Kouchouk to finalize the tax reform announc…

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Technical Analysis 2:16

22d ago2:16

2:16

Market Overview BINV EMFD TMGH GBCO HELI Prepared by: Mayada Amin- CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 2:39

23d ago2:39

2:39

*Key news articles for today* The government will invest EGP1.0 bn to launch 1k hotel rooms in between the Al Farma archaeological site to the west of the Suez Canal. The initiative, which is expected to be invested in the last quarter of the year. The Ministry of Finance announced the launch of an integrated tax system that aims to support medium,…

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Technical Analysis 1:54

23d ago1:54

1:54

Market Overview ACGC ELSH SWDY OFH prepared by: Mayada Amin- CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 4:36

24d ago4:36

4:36

Chinese appliance manufacturer Haier laid the foundation stone for the USD40 million second phase of its eco-industrial complex in Tenth of Ramadan City. With a production capacity of 300k refrigerators and deep freezers and offer around 1k jobs and is scheduled to begin production in the last quarter of 2025. Alexandria for Industrial Development …

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Pre-Trading Thoughts 3:36

25d ago3:36

3:36

The Suez Canal Economic Zone is looking to global investors to set up a wind turbine blades production factory, which would be the first of its kind in the region. The Madbouly government is reportedly planning to increase its imports of Israeli gas by 20% to 1.2 bn cf a day starting next month. Suez Canal Economic Zone Chief Walid Gamal El Din lai…

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Technical Analysis 1:46

25d ago1:46

1:46

Market overview EFIH PHAR ADIB HELI Prepared by: Mayada Amin - CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 6:36

26d ago6:36

6:36

“The electricity will not be cut off again... and there will be no more load shedding,” Mostafa Madbouly said, adding that the government is working to secure the necessary energy shipments to keep the lights on 24/7. Our natural gas output will return to normal levels before June 2025, Madbouly said, adding that the dip in production was due to th…

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Technical Analysis 2:35

26d ago2:35

2:35

Market Overview COMI ADIB ETEL FWRY ABUK prepared by: Mayada Amin- CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 6:22

29d ago6:22

6:22

The government has hiked the prices of butane gas cylinders as part of efforts to rationalize subsidies for fuel. The price of household cylinders has gone up 50% to EGP150 ex-factory, while the price of cylinders for commercial use has increased 33.3% to EGP200 ex-factory. The value of the budget savings resulting from the increase in butane cylin…

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Technical Analysis 2:28

29d ago2:28

2:28

Market Overview BINV BTFH FWRY ADIB CLHO Prepared by: Mayada Amin - CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 2:43

1M ago2:43

2:43

The Egyptian Stock Exchange is conducting a joint study with the GAFI to expand investment and tax incentives for listing and offering companies on the EGX. The Egyptian 5-year CDS rate fell during Tuesday’s trading to 5.9%, compared to 6.365% in last Monday. The Suez Canal Economic Zone wants to set up a USD60 mn data center with a capacity of 5-7…

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Pre-Trading Thoughts 7:29

1M ago7:29

7:29

Saudi Crown Prince Mohammed bin Salman announced that he has directed Saudi’s Public Investment Fund (PIF) to pump USD 5 bn in investments into Egypt as part of the “first phase” of a larger program of investment. The Agreement on Promotion and Mutual Protection of Investments between the two countries will be put into effect in two months or less …

1
Technical Analysis 1:12

1M ago1:12

1:12

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

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Pre-Trading Thoughts 7:01

1M ago7:01

7:01

The Madbouly government is in the process of drafting an investment plan to offer the Red Sea’s Ras Banas to private sector players in a transaction similar to ADQ’s Ras El Hekma USD35 billion agreement. Egypt has bought 20 cargoes of liquefied natural gas (LNG) via the first tender issued to cover its winter demand since 2018, securing full volume…

1
Technical Analysis 1:09

1M ago1:09

1:09

Market Overview Prepared by: Mayada Amin- CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 3:52

1M ago3:52

3:52

The government yesterday announced its first batch of new amendments to the tax system, which aim to ease the burden on taxpayers. Amendments include: Launching a central clearing system, putting a cap on late payment penalties such that the penalty does not exceed the original amount of tax due, establishing a pre-inquiry service for both local an…

1
Technical Analysis 2:21

1M ago2:21

2:21

Market Overview MASR TMGH ORWE HRHO ETEL prepared by: Mayada Amin- CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 3:35

1M ago3:35

3:35

*Key news articles for today* NYSE-listed global miner AngloGold Ashanti will buy Egypt-focused LSE- and TSX-listed Centamin in a cash and share transaction valued at around USD 2.5 bn. Annual urban inflation has accelerated to 26.2% in August after having fallen to 25.7% — its lowest level since December 2022 — in July. Annual core inflation — whi…

1
Technical Analysis 1:10

1M ago1:10

1:10

Market Overview Prepared by: Mayada Amin - CETA, CFTeبقلم Al Ahly Pharos

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Pre-Trading Thoughts 5:24

1M ago5:24

5:24

Remittances from Egyptians working abroad increased during July 2024, for the fifth month in a row, by 86.8%. Transfers amounting to about USD3 billion The government is considering canceling the planned capital gains tax on all EGX transactions as part of a broader drive to improve the country’s investment climate, Investment Minister said. Deputy…

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Al Ahly Pharos بودكاست

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