Al Ahly Pharos

Strategy | DSCW is back to where it was almost 3 months ago and it is an unjustified pullback ORAS | Merge with OCI could set stage for Sawiris asset rotation DSCW, ORWE | Rebate rollout begins, earnings support visible in 2H25

Strategy | EGAL will likely find a solid valuation benchmark post Emirates Global Aluminum IPO.  JUFO | Ex-Egypt strategy to double revenues; Accumulate ABUK, MFPC, EGCH, EKHO | Government adjusts quotas and gas prices in a mixed policy shift LCSW | Natural gas tariff hike looms, impact largely anticipated

Strategy | Fed rate outlook raises odds of 2-3% cumulative rate cuts in Egypt until end 2025 EKHO | Sprea Misr factory visit highlights integration and scale  DSCW | Site visit highlights Helwan progress and 3Q tailwinds

In today's views Strategy | Aluminum prices are surging on a global supply squeeze and EGAL remains an obvious winner MFPC | Management reaffirms operational stability and dividend-focused policy VALU | VALU signals opportunity amid market volatility

Strategy | OLFI will likely enjoy another tailwind in addition to a long list of tailwinds in 2026 DOMT | Spin-off sets stage for Arla to acquire DOMT; sector rerating to follow Market Intelligence | Alameda deal affirms CLHO undervaluation

Strategy| CCAP is likely approaching its medium-term bottom. ABUK, MFPC, EGCH, EKHO| Urea price correction reflects supply normalization EGAL| Provisions weigh on 4Q earnings, 5.2% dividend yield proposed

Strategy | Longterm investors cannot afford to be UW JUFO and OLFI NIPH | Small cap with potential large growth ahead ORAS | ADX listing supports rerating; Egypt pricing gap likely to narrow ORWE | Discounts and rebates set to support 2H25 earnings AMIC | Diversified portfolio, strong cash flows with growth optionality  ETRS | NOSCO merger expands fleet, multiples set to compress 

In today's Views:  Strategy | September inflation rate may dip to c. 10% and the likelihood of 2-3% cumulative rate cuts until year-end is now close to 90% MTIE | No Basata Abu Dahbi transaction in 2025; investments remain a 2026 story FERC | Strong debut, hits limit up as expected MCRO | Capital increase to fuel growth and deleveraging ISPH | Dividend signals expanding free cash flow; reiter...

In today's views Strategy | EFID versus ADIB. A valuation anomaly that deserves attention MACRO | August inflation print is perfectly in line with expectations, maintaining our bias towards further easing till year-end OLFI | More than just another feta company   FERC | Trading opens at IFA FV of EGP45.6/share, but pre session bids are pushing the stock towards our FV estimate of EGP72/share...

In today's Pre-Session Views: Strategy | OIH stock is on fire and it is not another "pump and dump" trade. It is a quasi SPAC CPME | Insights from Our Roundtable with CPME EGCH | OGM to discuss potential sale of ABUK stake ORAS | Modon’s Ras El Hekma tender, an opportunity for Egyptian contractors 

Strategy | Short carbs, long protein ETEL | Helios Investments binding offer to acquire a majority stake in RDH confirms deleveraging path and reinforces our positive outlook going forward SKPC | Price cut to hit margin, yet higher volumes may offset

Strategy | What are corporate CEOs doing to trigger the next leg up?  EGAL | MoU with Alba marks step toward vertical integration and margin stability