Daily Report

4 January 2011
EGX30
Close

7,073.12

%∆

EGX70
Close

-0.13%

7,120.0

750.0

7,110.0

748.0

749.04

%∆

1.04%

7,100.0
746.0

7,090.0
7,080.0

744.0

7,070.0

742.0

7,060.0

740.0

7,050.0
738.0

7,040.0

736.0

10:27
10:36
10:45
10:53
11:02
11:10
11:19
11:28
11:37
11:46
11:56
12:05
12:14
12:23
12:32
12:41
12:51
13:00
13:09
13:19
13:28
13:37
13:46
13:55
14:04
14:13
14:22

10:27
10:36
10:45
10:53
11:02
11:10
11:19
11:28
11:37
11:46
11:56
12:05
12:14
12:23
12:32
12:41
12:51
13:00
13:09
13:19
13:28
13:37
13:46
13:55
14:04
14:13
14:22

7,030.0

Market Statistics
Previous
Total Volume
Total Value (EGP)
Market Capitalization (EGP)
Total Trades

Today

92,363,000
551,772,000
488,304,071,561
35,620

%∆

117,530,000
695,392,000
489,619,536,355
40,228

27.2%
26.0%
0.3%
12.9%

Market Commentary
Though the EGX30 Index started the session heading north, it ended up the session sliding by 0.13%, primarily driven by the Arabs net selling. The foreigners’
net buying position helped to limit the Index drop. We believe that the foreign purchases will continue during the coming period, on the back of the anticipated
positive financial results of most of the Egyptian equities.
EGX30 Top 5 Daily Movers
Free
Capitalization
24,290,279
23,728,833
10,741,434
8,488,647
7,691,732

Weighted
%∆
CIB
45.88
-1.10%
-0.23%
Orascom Construction Industries
282.05
-1.05%
-0.22%
Orascom Telecom Holding
4.27
0.23%
0.02%
EFG-Hermes Holding
33.70
0.39%
0.03%
Talaat Mostafa Group Holding
8.59
0.23%
0.02%
Top 5 weighted change
-0.38%
Weight in the EGX30 Index overall movement
291.68%
*this table measures the top 5 constituents of the EGX30 Index and their respective daily weighted change in the overall movement of the Index.
Company

VWAP

Top 5 Gainers
Company

%∆

113.02

%∆
20.0%
10.5%
8.4%
8.3%
8.0%

Volume
120,000
200
667,836
24,380
53,215

Top 5 Losers
Company
Barbary Investment Group ( BIG)
Al Moasher for Programming
Medical Packing
SPINALEX
Tourism Urbanization

Top 5 Movers by Volume
Company
RIC
Upper Egypt Contracting
UEGC
Egyptian for Tourism Resorts
EGTS
Electrical Cables
ELEC
Arabia Investments -Cash AIND
Orascom Telecom
ORTE

Last
1.25
2.17
1.00
0.89
4.27

%∆
1.6%
5.9%
1.0%
1.1%
0.2%

Volume
24,404,925
18,899,173
6,852,578
5,199,947
4,863,371

Top 5 Movers by Turnover
Company
Commercial Bank
Egyptian for Tourism Resorts
Orascom Construction Industries
Citadel Capital
Upper Egypt Contracting

Investors Type
EGP
Egyptians
Arabs
Foreigners

Sell
531,809,128
104,734,476
58,848,014

Buy
531,809,109
49,812,292
113,770,216

(19)
(54,922,184)
54,922,202

Retail
Institutions

584,522,556
110,869,061

502,525,628
192,865,989

(81,996,928)
81,996,928

Kato Agriculture Development

Ameco Medical
Unipack
Souhag National Food
Alexandria Container & Goods

Advancers & Decliners
Advancers
Decliners
Unchanged
Total

Cfh Research

RIC
KAAD
AMEC
UNIP
SNFI
ALCN

Last
54.00
20.00
13.80
17.03

Net

108
66
9
183

Sectors Indices
Sector
Banks
Basic Resources
Chemicals
Construction & Materials
Financial Services
Food & Beverage
Healthcare & Pharmaceuticals
Industrial Goods & Services
Personal & Household Products
Real Estate
Telecommunications
Travel Leisure

RIC
BIGP
AMPI
APPC
SPIN
TOUR
RIC
COMI
EGTS
OCIC
CCAP
UEGC

Remarks

Last
3.50
3.80
32.00
1.75
15.00
Last
45.88
2.17
282.05
9.38
1.25

%∆
-6.4%
-5.0%
-4.4%
-3.9%
-3.2%
%∆
-1.1%
5.9%
-1.1%
3.0%
1.6%

Close
2,142
819
910
1,595
816
1,045
1,497
1,820
613
1,350
421
600

Volume
8,640
19,000
177,408
2,487,302
1,100
Turnover
47,607,556
40,069,388
38,109,920
32,763,260
30,900,578

%∆
-0.6%
0.6%
0.5%
-0.5%
0.8%
0.8%
-0.1%
0.4%
0.3%
-0.5%
0.5%
2.4%

955.5 2. Six of October Development & Investment X 27/1/2011 Approve the 2.1 15.872.07% -0.8194 7.31% 0.Daily Report 4 January 2011 Int’l and Regional Indices Previous Dow Jones 11.8 1.422.8 Dubai 1.0 6.971.59% Basic Commodities Brent Crude Oil (Spot) (USD/Bbl) Gold (USd/100oz) Silver (USD/5000oz) Copper Future (USD/lb) Previous 94.31% -0.6% 0.43% -0.9% -1.00 Suez Cement 1.99 4.0% 0.05 issuance fees.656.3 2.5 Doha 8.63 11.25 % 9.663.6 8.76% -1.01% 0.4 Amman 2.665 10.53% Currencies Currency Pair USD/EGP EUR/EGP GBP/EGP EUR/USD USD/JPY GBP/USD Price Treasury Auctions Date 02/01/2011 30/12/2010 02/01/2011 23/12/2010 29/11/2010 03/01/2011 03/01/2011 13/12/2010 03/01/2011 Source: Ministry of Finance (0.0123) Tenor Yield (%) 91 Day 182 Day 273 Day 364 Days 28/04/2012 05/10/2013 14/09/2015 16/02/2017 03/08/2020 LIBOR 3M 6M 1yr Source: www.9 495.50% -0.9% 0.02% 0.35 5.3376 81.3 0.31% 0.2 %∆ 0.0746 0.668.20 Palm Hills Development 0. effective 7 May 2009 Ezz Steel was excluded from the table.0008) 0.0805 1.20 Orascom Construction Industries (OCI)** 1.395.7 2.0% 0.38% -1.19% 0.11% 1.676.5498 9.85 12.427.0 FTSE 5.3 Palestine 492.7 30.50 Orascom Telecom Holding (OT)* 0.5 Bahrain 1. O=Ordinary X= Extraordinary Cfh Research Type .46 0.1 %∆ 2.7 Interest Rates Corridor Overnight deposit rate Overnight lending rate Source: CBE Today 96. effective 12 April 2007 ** The Conversion ratio has changed to be 1 share:1 GDR.675 10.7 444.899.75 % ∆ 5.01 3.577.78 GDRs Conversion Ratio (# of GDRs per local share) Company Price Commercial International Bank/ Egypt (CIB) 1.00 Telecom Egypt 0.3 Today 11.com 8.5:1 stock split.9 5.751 10.49bn through rights issue.89 13.6 %∆ 8.827.805.5 1.61 12.65 48.00 EFG-Hermes 0.3 Abu Dhabi 2.7 447.6300 (0.753.663.0878 (0.545 1. Egyptian Chemical Industries (KIMA) X 23/1/2011 Increase the issued capital from EGP40mn to EGP1. in addition to EGP0.7939 9. The assembly will also discuss the terms of the bank debt that will finance the rehabilitation of the Company’s plants.741.2 Kuwait 6.947.8 Muscat 6.00% -0.741.334 10.7 NASDAQ 2.2 1.569.99 5.30% 0.432.0% 0.00 Egypt Lebanon Ceramics (Lecico) 1. as its last closing price dates 06/08/2008 at USD2.0% General Assemblies Company Citadel capital X Date 17/1/2011 Subject Authorizing the BoD to conclude financing contracts.0 6.0% -3.20 Source: Reuters * The Conversion ratio has changed to be 5 shares:1 GDR.04 This week 0.408.0 1.396.0010) 0.9 6.30 0.6 30.0 Saudi 6.bankrate.32 12.652. as its last closing price dates 02/02/2009 at USD10 Paint & Chemicals Industries (Pachin) was excluded from the table.

(Source: Al-Mal Newspaper) (Neutral) The Company invests away from its main line of business.789. Opening the envelopes session will be held on January 15th. representing 120. 2010. Upper Egypt Contracting <UEGC.39/share. (Source: EGX) (Negative) Nasr for Civil Works <NCCW. SODIC will use the loan proceeds to finance the construction of its Allegria project.CA> with a total amount of EGP350mn.CA> submitted a bid for the construction of the first phase of Aeroclub project in New Cairo.8mn against the advisory services. Mallet-Prevost. The Egyptian Financial Supervisory Authority rejected the capital increase request submitted by Advanced Medical Packing <APPC.CA> Board of Directors (BOD) held on January 2nd.CA> announced that it won a bid to establish a potable water plant to Emmar Project in El-Mokatam Hills. The valuation process is expected to take 3 months and the Algerian government will pay EUR1.CA> Algerian unit “Djezzy”. 2010 approved to acquire a 30% stake of 10th of Ramadan for Pharmaceuticals and Diagnosing Products (Ramida). (Source: Al-Mal Newspaper) Comments (Positive) (Positive) Raya Holding <RAYA.Daily Report 4 January 2011 News Economy Corporate The Algerian Government chose the American adviser Curtis.000 shares of the target company’s total shares at a par value of EGP1. after The Company completed the required documents and procedures. (Source: Arab Finance) Bank of Alexandria started to provide funding to Sixth of October Development and Investment (SODIC) <OCDI.000/share and with a maximum value of EGP1. It is worth mentioning that the Company earlier requested to increase its capital from EGP34mn to EGP66mn. (Source: Mubasher) (Neutral) Until the Company wins the bid.CA>. Colt & Mosle LLP for the purpose of valuing Orascom Telecom Holding <ORTE. (Source: Al-Alam El-Youm Newspaper) (Positive) Cfh Research .

347 73.075.85 3.27% -1.70 282.295 382.76% 38.58 0.378 1.762.78 2009 PE 22.48% 20.43 24.92 15.2% N/A N/A N/A N/A N/A 5.880 2.73% 37.25 14.29% 8.84 7.09 4.88% 23.6% 11.63% 1.14% 0.983.2% 5.62 5.49% 79.2% 6.14 1.55 1.294 5.71% 35.25 2.252 223.17 6.30 24.762 6.90 4.20 107.500 10.1% 4.5% 15.84% 3.32 0.46% 33.CCAP Citadel Capital SKPC MOIL ACGC APSW MPRC SWDY ELEC Sidi Kerir Petrochemicals Maridive and Oil Services ($) Arab Cotton Ginning Arab Polvara Spining & Weaving Media Production City Sewedy Electric Electric Cables Cfh Research ttm=trailing twelve months.750 4.51 0.87 3.952.70 5.667 614.3% 18.8% ttm 2010 ROE 4 January 2011 Daily Report .79 1.763 6.23 45.557.70 3.3% 18.399.3% 1.8% 11.8% 0.9% 2.19% 6.156.89% 43.71% 46.3% N/A 82.331 3.6% Weight 23.615.55 1.816.32% 1.90 0.000 590.37 N/A 5.913.77% 91.858 2.128 365.37 15.15 12.12 ttm 2010 2.87 1.691 100.833 EGP 000s FC 100% 0.607.823 6.860 189.23% 0.499.1% 5.896 232.80 9.51% 1.63 0. NRPD PHDC SODIC National Real estate Bank for Development OCDI Upper Egypt General Contracting TMGH UEGC Egyptian Resorts Company RTVC EGTS Cairo Housing Talaat Mostafa Group Holding ELKA Egyptian for Developing Building Materials Remco for Touristic Villages EKHO EDBM Egypt Kuwait Holding ($) HRHO EPCO Egypt for Poultry EFG-Hermes Holding Dec ETEL Telecom Egypt COMI ORTE Orascom Telecom Holding PIOH EMOB Mobinil CIB SVCE South Valley Cement Pioneers Holding Dec NCMP National Company for Maize Products Dec Dec Dec Dec June Dec Dec Dec Dec Dec Dec Dec Dec Jun Dec Dec Dec Dec Dec Dec Mar Dec Dec Dec Dec Dec Dec AJWA Dec OCIC FYE Ajwa for Food Industries RIC Orascom Construction Industries Company 496.56% 21.47 7.567 2.17 3.703 168.46 19.823 6.86% 0.44 1.875 2.82% -1.737 8.6% 1.50% 2.27 2.9% N/A N/A 21.77% 2.39% 0.300 839.76 33.9% 10.23% -0.231 1.01% 2.644 1.648.211.732 2.13 41.350 22.12% 0.659 6.03% 65.92% 0.347.4% 2.10% 0.62 6.584 3.52% 1.388 171.81 1.5% 1.3% 0.37% 58.2% 0.10% -1.9% 0.234 23.500 1.88 9.418.625 105.401 13.100 45.15% 4.500 590.33 0.319 496.210.1% N/A 15.30% 60.0% 12.388 9.96% 1.9% N/A 4.390 7.50% 5.128 10.27% 000s 208.787 723.897 433.57 14.59 19.6% 23.827 1.629.10% 7.891 6.090.300 1.000 93.818.5% 16.900 613.8% 8.8% 9.821.933 7.30 14.66 3.82% 34.547 6.05 11.74% 4.47 2.53 10.79% 0.075.62% 1.6% N/A N/A 7.1% 0.20% 2.15 2.92% -1.16 1.604.763 58.79 N/A 13.816 307.8% 21.40 1.000 543.85 22.00 53.477 82.591.12% 0.59 1.8% 17.26 N/A 10.24 18.599 150.170.625 47.68% 4.97% -0.00% %∆ YTD 2.934 78.51 2010 PBV 25.4% 0.855 24.631 409.294.9% 7.7% 2.271 377.380.99 230.26 203.67 14.3% N/A 12.80 26.86 9.78% 0.30 15.2% 0.02 2.990.5% 11.67% 0.728.323 1.87% -2.101 30.327 12.756.320 36.76 17.40 186.000 27.953 8.866 23.10% 68.40% 74.2% 0.574 17.113.90% 1.05% %∆ Daily MC 258.28% 1.84 14.08 9.05 EGP VWAP 1.043 183.938 Free Float # Shares 1.696 260.46% -2.85% 7.1% DY% 472.5% 0.59 6.741.740.5% 0.53% 1.902.072 5.82 3.7% 0.099 21.903 247.17% 99.279 2.20 0.529 2.691.76 2.9% N/A N/A 1.265 3.84% 0.048.3% 3.013.647 563.714 500.081 EGP 000s FC 115.39 4.6% N/A 8.71 4.099 16.399.14 8.50% 0.98 N/A 10.818 1.228.8% 42.74 12.414.97 N/A 22.000 492.882 1.48% 35.96% 47.1% 20.216 69.513 100.130 7.90 5.154 3.025.15 16.95% 26.68% 0.84% 91.000 2.91% 89.0% 2.435.687 270.945 406.008 105. N/A= Not Applicable Weighted Average Total ESRS Ezz Steel Palm Hills Development Co.497 1.0% 39.281 344.8% 3.1% 5.93% -0.94% -3.584.49 0.87 18.61 8.1% 5.045.200 525.4% 3.453 371.92 13.434 4.462 1.5% 39.293.629 3.04 8.215.92% 3.88% 44.279 27.797 101.228 471.648 101.67 N/A 6.782.64% 59.71 4.282.717 250.04% 0.16% 40.8% 1.27% -0.94% 17.00% 2.488.593 988.144 661.71 1.47% 0.830 2.290 7.585.6% N/A 17.6% 0.2% N/A 5.707.53 14.47 3.2% 4.96 17.40 8.06% -0.89 1.564.70 41.8% 79.41 8.4% 0.206.486 1.15% 2.3% 0.1% 9.17 23.71 1.1% 2.051 30.7% 1.15 4.42 13.29% 2.61 101.1% 0.92 N/A 16.03 17.046 141.76 38.27% 1.9% 9.290.25 20.173.586.447 278.3% 4.245.38 3.362.50 N/A 5.267 463.16% 0.931.972.278.630 93.897.938 636.050.698 29.090.9% 5.04% 0.71 1.27% 0.462 19.77% 32.846 386.302 2.5% 21.89% 23.781 EGP 000s EV 15.41 N/A 13.27 163.

and buy or sell.9. CFH and its affiliates may also have. completeness or correctness of the information and opinions contained in this document. directors. This document is not to be relied upon or used in substitution for the exercise of independent judgment. the securities of companies referred to in this document.. . CFH accepts no liability whatsoever for any loss arising from the use of this document or its contents. a Company regulated by the Egyptian Capital Market law no. Rostom St.com Foreign Institutional Sales Mohamed Hamza Tel: +20 2 27 97 4333 (ext. CFH Companies and their respective affiliates.316) Fax: +20 2 27 97 4344 mhamza@cf-holding.com Disclaimer This research report was prepared and issued by Cairo Financial Holding (‘CFH’).com Head of Research Mahmoud Soheim Tel: +20 2 27 92 4281 (ext. Information and opinions contained herein have been compiled or arrived by CFH from sources believed to be reliable. Cairo. This research report is not to be used or considered as an offer to sell or a solicitation of an offer to buy or subscribe any securities.315) Fax: +20 2 27 97 4344 mshalaby@cf-holding. officers.com Compliance and Complaints Head of Brokerage Compliance Gamal Zaghloul Tel: +20 2 27 97 4333 (ext.339) Fax: +20 2 27 97 4344 tismail@cf-holding.383) Fax: +20 2 27 97 4344 gzaghloul@cf-holding. employees. Accordingly.com eTrade On-line Trading Director Nader Moustafa Tel: +20 2 27 97 4333 (ext.cf-holding. may have positions in.com Sales Team Local Institutional Sales Tamer Ismail Tel: +20 2 27 97 4333 (ext.com Gulf HNW Sales Mohamed Shalaby Tel: +20 2 27 97 4333 (ext.com Research Department Tel: +20 2 27 92 4281/2/3 Fax: +20 2 27 92 4284 cfhresearch@cf-holding. 11th floor.297) Fax: +20 2 27 97 4344 mnader@cf-holding. seek to have. investment banking or broking relationship with a company mentioned in this report. Opinions and estimates constitute our judgment and are subject to change without prior notice. Each recipient of this research report shall be solely responsible for making its own independent investigation and analysis of the business. no representation or warranty. or have had a consulting. Egypt Tel: +20 2 27 92 4281/2/3 Fax: +20 2 27 92 4284 Website: www. CCC Building.95 for year 1992. Garden City.238) Fax: +20 2 27 92 4284 msoheim@cf-holding. financial condition and prospects of companies referred to in this report. but CFH has not independently verified the contents of this document. express or implied. is made as to and no reliance should be placed on the fairness. accuracy.

Sign up to vote on this title
UsefulNot useful