Al Ahly Pharos

In today's views Strategy | At EGP3.7/share, BONY is worth a second look. CIEB | A room for a 50% gain just to close an obvious dividend arbitrage COMI | Bonus shares and payout talks to boost price performance AMOC | Reliable high yield with cyclical margin catalyst ahead CSAG | Dividend yield strong, valuation anomaly persists

In today's Pre-Session Views: Strategy | OPEC+ output hikes will likely support CCAP rally in 2026 ORAS | OCI merger economics hinge on cash versus swap ratio ABUK | EGP6/share dividend cements top-pick status amid sector re-rating

Strategy | Three reasons why time is ripe to stretch COMI OW position to its max F&B | Stocks rally on DOMT-Arla deal hopes TAQA | Ambitious expansion drive across power, water, and gas MBSC | Treasury share cancellation signals management conviction

Strategy | ABUK versus ALCN. Which one will likely outperform until year-end?  ABUK, MFPC, EGCH, EKHO | Direct subsidy and lower quota unlock pricing upside; ABUK remains top pi EFIH | Overweight a direct exposure to key 2H25 and 2026 themes MTIE| How much is MTIE’s Basata ePayments at a 25% discount to FWRY?

In today's Pre-Session Views: Strategy | The second stage of CCAP capital increase ends today and the wait-and-see game has just started Pharma Distribution | Webinar takeaways from Pharma Overseas ETRS | NOSCO merger implies deeper value unlock

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...