Al Ahly Pharos

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

In today's Pre-Session Views: Strategy | An easy-to-use valuation metric shows that ORAS path to the EGP600/share level is fairly smooth BTFH | CBE penalty on FAB-MISR can pull BTFH stock down by 10% at least AMOC | MIDOR deal aims to mitigate domestic pricing pressure SUGR | Weak quarter amid oversupply; limited catalysts ahead JUFO | 3Q25 steady; 4Q to lead earnings recovery as repricing fl...

In today's views Strategy | Exposure to New Cairo office space puts ACTF and BONY on the radar screen until year-end EGAL | 1Q25/26 results miss estimates on margin squeeze despite resilient pricing backdrop AMOC, CCAP | Refining margins get a boost as Diesel-HSFO spread widens

In today's views Strategy | Exports push ISMQ stock price to a record high and US-China deal may sustain the momentum in 2026 EFIH | GEM’s opening and Egypt’s tourism-fiscal themes can’t be ignored — we add EFIH to our high-conviction list ISPH | 3Q25 expectations: steady progress toward a breakout year in 2026 OLFI | 3Q25 expectations, resilient quarter, catalyst ahead

Strategy | ISMQ is a potential exposure to China recovery but no verdict until we meet with management SAUD | Leveraging NBFI growth and strong fundamentals  EGCH | Land sale further signals clear focus on deleveraging DSCW | Textile relocation wave positions DSCW as a key beneficiary in 2026

Strategy | We are buyers of every dip in Memphis PharmaWe are buyers of every dip in Memphis Pharma RAYA/RACC | RAYA/RACC acquisition is now most likely to go through at RAYA’s revised price of EGP9.0/share, exactly at the midpoint of our previously communicated price range PHAR | EIPICO III delay extends visibility gap, rotation toward MPCI and RMDA AMOC | Shareholder rotation reflects profitabil...

In today's Pre-Session Views: Strategy | IRON share price reflects a 50:50 chance of monetizing 8 million sqm of land within the coming 12 months DSCW | Appoints IFA to value Helwan land ahead of expansion plan

In today's Pre-Session Views: Strategy | RACC will like trade within EGP8.5 to EGP9.5/share until RAYA announces the next move DSCW | Textile modernization and FDI inflows bolster DSCW’s strategic positioning should overshadow the stock's illiquidity discount P-fertilizers | Foreign capital reinforces Egypt’s strategic role in phosphate fertilizers Pharma | MPCI leads Egypt’s pharma rall...

In today's views Strategy | EGP17.5/l diesel sends an all-clear signal to MPC beyond 2025  ETRS | We are bullish on Egytrans/NOSCO mergerWe are bullish on Egytrans/NOSCO merger