Pre-Trading Thoughts

Al Ahly Pharos

FRA has set new caps on margin-trading of shares of listed companies

Transit tolls for vessels traveling through the Suez Canal will increase by 6% starting February 2022

National Bank of Egypt, Export Development Bank, and Arab African International Bank are establishing a company that aims to support exports and substitute imports through developing the local industrial sector

Egypt wants to grow renewable energy capacity to cover 42% of the country’s electricity needs by 2030

EBRD: Egypt's economic growth is expected to pick up to 4.9 % in the FY2021/22

CIEB 3Q21 profit came in at EGP413 million (+6% QoQ, +23% YoY) due to controlled provisions and opex; Stock is trading at 5.7x P/E22 and 1.0x P/B22 with ROAE of 18%

Trade Ministry is looking to stop importing the basic components needed for the local assembly of tuk-tuks; Tuk-tuks currently represent around 10% of AUTO's revenues

Ahmed Ezz is acquiring an 18% stake in Egyptian Steel Company from Ahmed Abu Hashima; News not confirmed and transaction value is not disclosed

PHDC’s Palm Hills New Cairo project has so far brought in EGP10.0 billion in sales

PRDC subsidiary, Rooya, is doing a EGP3.0 billion securitization

FRA has reviewed and found some issues with the EGP347.7 million IFA valuation of RTVC’s subsidiary

Ministry of Tourism is planning a new tourism promotion campaign

Vodafone Egypt has completed due diligence on Bee and Masary and is waiting for approvals from the CBE and FRA for the acquisition to proceed

Vodafone notes that the company’s mobile wallet “Vodafone Cash” has a market share of 65% with 11 million users