Al Ahly Pharos

In today's views Strategy | Nile Pharma (NIPH) is closing in on Rameda and this may trigger arbitrage opportunities ISPH | The decline in ISPH stock price yesterday confirms that 3Q25 results are strong. VALU | 9M25 bottom line is consistent with a full year target of EGP750 million  ETEL | Share price is approaching our FV upper end of EGP73/share, what is incorporated and what’s not? MFPC |...

In today's views Strategy | TAQA Arabia is a cash-generating utility company that is dressed up as a growth company TAQA | On track to post a bottom line in excess of EGP1 billion in 2025 but valuation multiples are a bit stretched ETEL 3Q25 | On the verge of a decisive turnaround: 1) 2025 is set to exceed expectations, 2) net debt has fallen below EGP70 billion mark, 3) capex/sales is now be...

In today's views Strategy | The most hated EGX30 constituent is due for a 10% rebound ISPH | The company should consider the release of bad news if good news is value destructive POUL | It is not chicken that investors are after. It is the net cash balance Egyptian Banks | Imminent rerating of banking stocks SUGR | Sugar import ban to ease inventory pressure, limited price impact expected; ma...

In today's Pre-Session Views: Strategy | COMI is not rallying in a vacuum. It tracks GCC peers  EFID | 3Q25 results are strong but valuation is slightly stretched versus peers JUFO | Milking the core EFIH | Management sets upbeat tone and outlines three strategic pillars: private sector penetration, growing government-related verticals, and offshore expansion

In today's views Strategy | GBCO has become the authorized dealer of Li Auto and this may partially offset weakness in Iraq and Jordan MACRO | October inflation print is milder than expected and will likely pave the way for a 1-2% December rate cut CSAG | Re-rating underway; scope for further upside versus ALCN EGCH | Resilient margins supported by pricing; operational recovery yet to show OR...

Strategy | Three stocks have tied the knot and they will all look at Tabby and MNT-Halan IPOs for clues.  ADIB | Growth first, payouts second ETEL | Global cable investments are doubling and red sea tensions eased. Another catalyst joins three game-changers pushing ETEL to EGP85/share over 12 months EFIH 3Q25 expectations | Profits of EGP700 million will lock in targets and push share price to EGP...

In today's views Strategy | October 2025 inflation print will likely keep policy rates unchanged on 20 November 2025 but the likelihood of a December rate cut has increased   ISPH | Market diversification and rate sensitivity drive robust 2026 earnings outlook DSCW | Helwan expansion gaining traction with latest land acquisition Cement Sector | New capacity approvals highlight long-term confi...

In today's Pre-Session Views: Strategy | Eyeing three imminent stock-moving corporate actions   ETEL | Chasing its legacy multiples: What could push towards 8-9x and EGP85/share? Lessons from regional peers: P/E vs capex/sales, D/E, and capex/CF EFIH | Four momentums in a week drove 35% of the YTD performance – an exposure worth keeping for 2026 CCAP | ERC debt will stand at c. USD800 million...

In today's views Strategy | POUL will likely hit the EGP30/share mark on parent chick prices in 3Q25, feed prices in 4Q25 and potentially exceptional dividends in 1Q26.  COMI | Strong performance driven by reversed provisions paves the way for higher dividend payout EFIH | Surge in 1QFY25/26 tax revenue continues to support EFIH rerating story OLFI | OLFI is on track to deliver a full year ne...

In today's views Strategy | PHDC should launch Abu Dhabi project if recent underperformance is to be reversed EKHO | Capital recycling strategy commences as deal finalized RMDA | Earnings miss likely in 2025; valuation leaves little room for upside

Strategy | KSA-based Tabby recent secondary share sale casts in stone GBCO status as 2026 top pick FWRY | A high-conviction exposure to signals of renewed foreign flows in EGX VALU | A top pick leveraging consumer segment exposure MTIE | MTIE’s Edge/Basata agreement| Our view: replicating FWRY’s MSME model could unlock hidden value in Basata Microfinance TMGH | GEM’s opening raises Cairo and Giza...

In today's Pre-Session Views: Strategy | AMIA is on a tear and ATLC will likely catch up before end of 1Q26 CIEB| Despite sluggish performance, stock offers 15% dividend yield AMOC | Revenue grows, but margins contract in 1QFY25/26 MBSC | 3Q25 volumes modestly rebound; 2025e net profit of EGP2 billion hinges on 4Q25 performance OLFI | Management reaffirms growth plans; BUY rating maintained