Egypt  26 October 2021

NAEEM NewsStand
What's Inside Egyptian Stock Markets Indices Close Chg (%)
EGX 30 11,178.0 -0.07
► AMOC to report exceptional 1QFY22 results benefiting from
EGX 70 EWI 2,345.93 -3.60
strong refinery spreads
NISE 25 443.8 +0.96
► MNHD’s EGP374m rights issue comes as a surprise DJ EGX Egypt Titans 20 Index 2,527.7 +0.44

► ALCN’s profit falls short as container volumes drop Advances Declines No Change
► Average yields on Egypt's three-month, nine-month T-bills are 29 117 57
on a mixed note
Regional Stock Market Indices Close Chg (%)
► Egypt's President Sisi ends state of emergency for the first time Saudi Arabia TASI 11,889.8 +0.35
in years Dubai DFM 2,865.7 -0.52
Abu Dhabi ADX 7,933.9 -0.20
► UK's Prince Charles to visit Jordan and Egypt Kuwait KWSE 6,992.9 -0.03
► Egyptian Prime Minister meets with 90 French companies in Qatar DSM20 11,834.2 +0.11
Paris
Prior Session Market Wrap
► Edita Food Industries raises price points across flagship Molto
The EGX30 index declined by 0.07% and closed at 11,178.0
range
EGX70EWI index declined by 3.60% and closed at 2,345.93.
Top 5 Gainers Egyptians and Arabs were net buyers, while Foreigners
Previous Last were net sellers. Foreign investors accounted 12.06% of
Stock Name Chg (%)
close Price the total market.
Rowad Tourism Co 41.3 43.9 6.3
Egyptian Iron & Steel Co 1.6 1.6 5.0
Intl Co For Invest & Develop 28.3 29.6 4.6
Zahraa El Maadi Inv & Dev 40.0 41.7 4.3
Cairo Investment & Real Esta 12.0 12.3 2.8

Top 5 Decliners Daily EGX30 and Turnover

EGPm Points
Previous Last
Stock Name Chg (%) 7,500 11,400
close Price 6,500 11,300
11,200
National Real Estate Bank 43.0 34.4 -20.0 5,500
11,100
4,500
El Arabia Engineering Ind 4.2 3.4 -19.9 3,500
11,000
10,900
Sharkia National Food 0.9 0.7 -17.6 2,500
10,800
Egyptian For Developping Bui 0.5 0.4 -17.6 t 1,500 10,700
500 10,600
Development & Engineer Consu 35.8 31.4 -12.1 -500 10,500
14-Oct 17-Oct 18-Oct 24-Oct 25-Oct

5 Most Active Stocks by Value Turnover EGX 30 Index

Turnover Last
Stock Name Chg (%)
(EGPm) Price
Commercial International Bank 172.5 48.4 2.0 Investors by Type
Egyptian Real Estate Group 149.2 5.4 3.1 100% 90%
Eastern Co 68.0 11.8 -0.8 80%
80% 70%
Elswedy Electric Co 62.1 8.5 -0.4
60%
Cairo Investment & Real Esta 55.5 12.3 2.8 60%
50%

5 Most Active Sectors

40%
40%
30%
Turnover 20%
Sector % of total 20%
(EGPm) 10%
Real Estate 388.7 22.6 0% 0%
14-Oct 17-Oct 18-Oct 24-Oct 25-Oct
IT , Media & Communication Services 293.8 17.1
Non-Arab Arab Local Institutions
Banks 198.8 11.6
Non-bank financial services 135.9 7.9
Food, Beverages and Tobacco 132.7 7.7

* Daily market statistics for 25 October 2021

1
 NAEEM NewsStand
26 October 2021

Impact KEY STORY

AMOC to report exceptional 1QFY22 results benefiting from strong refinery spreads:
Alexandria Mineral Oils (AMOC EY) is expected to soon issue its results for 1QFY22; overall, we
expect the refinery to continue posting exceptionally strong numbers, benefiting from a
widening input-output spread. Net profit is forecasted to come in at EGP393m, flat QoQ and a
turnaround compared to the previous year’s loss of –EGP31m. Revenue of EGP3.5bn, to increase
14% QoQ and 76% YoY. Gross margin is estimated at 17.5%, down 2pps QoQ and up 15.1pps
YoY. Gross refinery margin (GRM) for the quarter to amount to USD23/bbl, versus USD22/bbl in
4QFY21 and USD7/bbl in 1QFY21; driven by a higher LSFO-Gas Oil spread (up by c.4% QoQ).
AMOC’s strong results, would be a continuing reflection of higher oil/petroleum prices which
were up by 6% QoQ and 69% YoY. The near term outlook (for the rest of the calendar year 2021)
seems even more positive for AMOC, given higher petroleum prices and higher refinery spreads
(up further by another 18% QoQ in 4Q2021/2QFY22). We maintain our recommendation on the
stock as a BUY. Our TP of EGP4.34/share is likely to be due for another upward revision due to
the improved cost dynamics

MNHD’s EGP374m rights issue comes as a surprise: Madinet Nasr for Housing and
Development’s (MNHD) board of directors approved a rights issue, involving the issuance of
one share for every four existing shares at the par value of EGP1/share. Assuming the FRA
approval comes through, the company would issue 374.4m new shares, increasing the total O’s
shares to 1,872m and raising total cash proceeds of EGP374.4m. The announcement, also
coincides with the appointment of a new CEO Eng. Abdallah Sallam and the acquisition of Minka
Developments (which is owned by the Sallam family and Chaired by Eng. Abdallah Sallam
himself). MNHD would use part of the rights issue proceeds (of roughly EGP200m) to pay for
the acquisition. Interestingly, the Sallam family would buy (both before and after the rights issue)
MNHD shares amounting to a total of EGP250m, which equated to an equity stake of roughly
5% before announcement of the rights issue. While the appointment of the CEO comes as a
much awaited announcement, the rights issue announcement however, comes as a surprise;
especially, given the backdrop of the company on the verge of paying out the 2nd dividend
installment of EGP0.30/share (amounting to a total of EGP449m) pertaining to 2020. In response,
the company stated that the acquisition decision (to buy Minka Developments) was taken at a
much later stage vis-à-vis the dividends (which were already approved and had passed the ex-
dividend date); hence requiring cash to be reinjected into the company to fund the transaction.
While acknowledging the surprise element of today’s rights issue (which is unsurprisingly not
viewed positively by the market), we however, view this as an opportunity for investors to buy
cheap; especially, taking into consideration the critical fact that the Sallam family would be
buying shares worth EGP250m which now represents a stake closer to 6.0% (versus 5.0% pre-
deal announcement). Last but not the least, given the issuance being priced at par (which is a
sharp discount of 63% versus the last closing price of the share), we would not be surprised by
the eventuality of the promoter shareholders (including BPE Partners) raising their equity stakes
in the company in the event of undersubscription; all reasoned by the deep discount (of more
than 85%) at which the stock trades compared to its land NAV. We maintain our BUY
recommendation on the stock with a TP of EGP6.81/share

ALCN’s profit falls short as container volumes drop: Alexandria Containers and Cargo
Holding (ALCN EY) announced its preliminary results for 1QFY22. Bottom-line of EGP336m, was
down 15% QoQ and up 21% YoY, short of our estimated profit figure of EGP361m. Revenue of
EGP538m, dropped 17% QoQ, 2% YoY, almost in line with our estimate of EGP535m for the
quarter. Gross profit margin of 63.15%, declined 5.5pps QoQ and was up 4.2pps YoY. Container
service volumes declined 14% QoQ, and 10% YoY, as trade volumes witnessed a slowdown.
Average fees per container declined 3% QoQ (due to change in mix) but increased 9% YoY (as
the company applied fee hikes). For the upcoming quarter, we maintain a cautious view on the
earnings outlook, expecting continued weakness in container volumes, as we take into
consideration news that the Alexandria Port Authority witnessed a 30% drop in container
volumes during the first two weeks of October (post implementation of the new pre-registration
Advanced Cargo Information System/ACI) for imports (into Egypt) through marine ports
 NAEEM NewsStand
26 October 2021

ECONOMIC & POLITICAL NEWS

Average yields on Egypt's three-month, nine-month T-bills are on a mixed note
Average yields on Egypt’s three-month, and nine-month treasury bills (T-bills) were on a mixed note
at an auction on Monday. The yield on the 91-day T-bills was stable at 12.384% (coverage ratio
4.73x), while the yield on the 273-day T-bills increased to 12.814% (coverage ratio 2.03x), from
12.795%. The Ministry of Finance on Sunday auctioned 91-day and 273-day T-bills at a total value
of EGP18.0bn, with accepted bids of EGP10.6bn from submitted bids of EGP38.9bn. (Source: CBE, MOF,
NAEEM)

Egypt's President Sisi ends state of emergency for the first time in years
Egypt's state of emergency will be lifted for the first time in years, President Abdel Fattah al-Sisi said
on Monday. Egypt imposed a state of emergency in April 2017 after deadly bombings of churches
and has since routinely extended it at three-month intervals, despite an improved security situation.
Egypt has become an oasis of security and stability in the region, Sisi wrote in a Facebook post.
Hence it was decided, for the first time in years, to cancel the extension of the state of emergency
in all areas of the country. The state of emergency granted authorities sweeping powers to make
arrests and crack down on what they call enemies of the state. It was applied during the extension
of a clamp-down on political dissent under Sisi that has swept up liberal as well as Islamist critics
over the past few years. Egypt's security forces have also been battling an insurgency by militants
linked to Islamic State in northern Sinai, although they have recently consolidated their position in
the area. (Source: Reuters)

UK's Prince Charles to visit Jordan and Egypt

British heir-to-the-throne Prince Charles will visit Jordan and Egypt next month in the first overseas
tour by a senior member of the royal family since the COVID-19 pandemic started, his office said
on Monday. Charles, 72, will be accompanied by his wife Camilla for the four-day trip which is due
to begin on Nov. 16. His office, Clarence House, said the visit to Jordan, which will include a welcome
from Jordanian King Abdullah and Queen Rania, was to mark Jordan's centenary and the importance
the British government placed on its relationship with the Middle Eastern nation. The prince will
focus on environmental issues, inter-faith dialogue, heritage preservation and the creation of jobs
and opportunities for young people," Clarence House said. "The duchess will continue her
commitment to supporting women, as well as girls’ education. The tour will conclude with a visit to
Egypt which coincides with the end of Britain's hosting of the United Nations climate change summit
COP26 and Egypt's nomination to assume the COP27 presidency, Charles's office said. During the
trip, the royals will meet President Abdel Fattah al-Sisi and the Grand Imam of Egypt’s al-
Azhar. (Source: Reuters)

Egyptian Prime Minister meets with 90 French companies in Paris

Egypt’s Prime Minister Mostafa Madbouly met with representatives of 90 French companies in Paris
on Monday. During the meeting, the Prime Minister received an inquiry from representatives of a
French company about the government’s efforts in the field of clean transportation or green
transportation, especially the BRT system. Madbouly stressed that the government has a great
interest in green transportation, saying: “We are moving strongly in sustainable transportation
projects such as the monorail, the BRT rapid transit bus project, and the electric high-speed rail. He
explained that these moves emphasise the government seriousness to transform Egypt’s mass
transit sector, making it environment-friendly in line with international standards. He added that
the BRT system is one of the most important tools, as it is characterised by high quality, in terms of
user convenience, and we are in the process of installing this system after the completion of the
development of Cairo Ring Road by the end of this year. The system will also be installed in the
New Administrative Capital and in several other cities such as the 6th of October. He called on
French companies to invest in this promising field. Madbouly stressed that Egypt prioritizes digital
transformation and has taken serious steps to implement the “Digital Egypt” strategy. He noted that
artificial intelligence will play a pivotal role in the “new republic,” adding that the government’s
 NAEEM NewsStand
26 October 2021
move to the New Administrative Capital is an opportunity to switch to a smart and developed
government. (Source: Daily News)

Egypt, Czech discuss strengthening bilateral cooperation in tourism, antiquities

Egypt’s Minister of Tourism and Antiquities Khaled El-Anany with the Czech ambassador to Cairo
Jan Volk, and Tomas Zima, President of the Czech Charles University to discuss strengthening
tourism cooperation between the two countries. The meeting was attended also by Miroslav Bárta,
Vice-President of the University, Oldrich Vondrouska, the Czech Cultural Adviser, Youmna Al-Bahar,
Assistant Minister for Technical Affairs, and Dalia Abdel-Fattah, General Supervisor of the General
Department of International Relations and Agreements in the Ministry. El-Anany applauded the
bilateral relations between the two countries in all fields, especially the fields of tourism and
antiquities. The two sides discussed ways to enhance cooperation between the two countries to
boost tourist movement from the Czech Republic to Egypt. The meeting also tackled ways of
exchanging experiences and training in the field of archaeological work such as excavations and
restoration. During the meeting, El-Anany expressed his full appreciation for the confidence of the
Czech government in the precautionary measures applied by the Egyptian government, as Czech
tourists are among the first nationalities received by Egypt after the resumption of the incoming
tourist movement in July 2020. The Czech delegation expressed its happiness with its country’s
hosting of the Kings of the Sun exhibition. They pointed out that the exhibition met with great
success and demand from Czech citizens and its neighbouring European countries as well, which
prompted the Czech government to request an extension to host this exhibition twice. (Source: Daily
News)

Japan seeks investment opportunities in Egypt

Egypt commercial office - Embassy of Egypt TOKYO arranged virtual seminar for investments
opportunities “Japan-Egypt Business & Investment Seminar” in coordination with United Nations
Industrial Development Organization “UNIDO” and Japan Cooperation Center for the Middle East.
The seminar targeted promotion ofr the investment climate in Egypt that includes “renewable
energy, Information Technology “IT”, Transportation, and Suez Canal Economic Zone” with
participation of number of Egypt’s Ministries and Japanese companies and Authorities as more than
260 Japanese company attended the seminar to get to know the most outstanding projects and
investment opportunities. (Source: Shorouk News)

Egypt’s Ministry of Transport get a loan of USD221m from JICA, to complete its development
program. (Source: Al Borsa Newspaper)

Egypt planning to raise green projects to 60% of total investments by FY2024/25

Egypt is planning to increase the amount of green projects that will be implemented within the
state’s national investment plan to around 50-60% of all investments by FY2024/2025, up from the
15% executed in FY2020/21 — which ended in June — said Minister of Planning and Economic
Development Hala El-Said. El-Said’s announcement came during her participation in the 12th
edition of the Arab-Austrian Economic Forum. (Source: Ahram Online)

Egypt reports 889 new coronavirus cases, 84deaths on Monday

Egypt reported 8 98new coronavirus cases on Monday, bringing the total infection tally officially to
352,508 since the outbreak began in February 2020, said the Health Ministry in its daily coronavirus
update statement. The health ministry also reported 39 new deaths that have raised the tally of
deaths from the virus to 19,333. As many as 522patients have been discharged after recovering
from the virus, the statement added, raising the total number of recoveries to 257,765. (Source: Ahram
Online)

Foreign petroleum companies negotiate Egypt’s ministry of petroleum to update its

production agreements in their concessions, of which the American company Apache
Corporation, which has invested USD20bn in Egypt. Apache aims to merge all its agreements
in the western desert in one agreement aiming to increase its production from this
area. (Source: Almal Newspaper)
 NAEEM NewsStand
26 October 2021

Qatari Diar starts construction work in the first phase of “City gate”, estimated cost worth
EGP1bn
Qatari Diar witnessed signing contracts between a subsidiary company “East Gate Company Cairo”
and “Consolidated Contractors Company (CCC)” to start execution of the first phase in “City gate”,
the company’s project located in East Cairo estimated cost EGP1bn. Abdullah ben Hamed Alatia,
Diar CEO, disclosed that “City gate” is expected to offer 200,000 job opportunity during the project
execution in addition to the job opportunities that will be offered after the project execution. He
also added that the company investments exceeds USD3bn across the company’s projects on span
of 40msqm that exceeded whether residential or tourism projects. In the meantime, he highlighted
that the project will be a good addition to the company’s investments in Egypt as the total
investment cost of the project is estimated at USD12bn. (Source: Shorouk News)

ABE, Misr Life Insurance cooperate to provide bank insurance services in villages of Decent
Life
The Agricultural Bank of Egypt (ABE) and the Misr Life Insurance Company signed an agreement
through which the bank allows the company to market and provide its services and insurance
programs through 100 branches of the bank in the villages covered by the first phase of the
presidential initiative Decent Life. The agreement aims to contribute to the implementation of the
objectives of the Decent Life initiative, by providing all its banking and financial services and
ensuring that they reach a wide sector of the rural population. (Source: Daily News)

GulfCryo enters into partnership to establish Oxygen plant in Cairo

GulfCryo Industrial Gases Company has entered into a partnership with one of the leading Egyptian
Companies, to establish Oxygen Plant in the industrial zone of 10 th of Ramadan City. Such a plant
would expand over 1000 sqm, and expected to start operation in August 2022, with production
capacity of 160t/day of liquid oxygen. (Source: Al Borsa Newspaper)
 NAEEM NewsStand
26 October 2021

CORPORATE NEWS
Edita Food Industries raises price points across flagship Molto range
Edita Food Industries announced today that it has increased prices across the Molto product range
at its baked goods segment, to EGP3.0/pack from EGP2.0/pack for key Molto products, while the
products priced at EGP3.0/pack have increased to EGP4.0/pack. Edita’s Molto products priced at
EGP5.0/pack remained unchanged. These increases come as part of the company’s portfolio
optimisation strategy, which has seen Edita capitalize on its brand equity to migrate consumers
towards higher price points while continuing to cater to customers’ evolving tastes and preferences.
Moreover, the increases will help Edita to enhance its profitability in light of global inflationary
pressures and rising commodity prices. (Source: EGX News)

Industrial and food companies to increase product prices

Some food and industrial companies have stated to increase their prices, impacting by the global
inflationary pressure, of which Edita food industries, Atayb El Badr, FM Steel, and Pachin. The
chairman of Edita said the recent price increases in the Molto products came in light of the increase
in the production cost as the company imports 28% of its production inputs from outside. He added
that most of the production inputs prices were up 50-60% in the recent period, of which, sugar,
eggs, flour, packaging materials, food oil, whether imported or from the local market. He added
that the profitability of the company is not going to be affected by weak purchasing power, pointing
out that the company has many alternatives as part of its strategic plan to preserve profitability and
revenues. Atayb El Badr for Food Industries aims to increase its prices by 15-20% before the end of
this year, because the increase in the productions inputs and the surge in shipping cost by 5x. FM
Steel Company is going to increase its prices by 10%. Pachin for Chemical industries studies moving
its prices upward in the current period, as the company imports 60% of its production inputs from
outside. (Source: Almal Newspaper)

EFG for Financial Solutions is awaiting the regulatory approval to issue EGP700m of
securitization bonds this year, and EGP1bn in the next year. (Source: Almal Newspaper)

Amer Group Holding purchases 2.16m treasury shares at 24 th of October 2021’s trading
session. (Source: EGX News)

Stakeholder/ Saeed Mohamed Mohamed Aly Abduo increases stake in Port Said Agricultural
Development and Construction, after purchasing 225k shares at EGP1.08/share. (Source: EGX
News)

Stakeholder/ Khaled Mohamed Mourad Mohamed cuts stake in Egyptian for Developing
Building Materials to 2% from 9.42%, after selling 42.17m shares at EGP0.49/share. (Source: EGX
News)

Stakeholder/ Ahmed Ayman Ahmed Abdel Moneim Hassan cuts stake in Real Estate Egyptian
Consortium to 4.98% from 5.20%, after selling 1.5m shares at EGP5.0/share. (Source: EGX News)

Stakeholder/ Zeta Investment Ltd increases stake in Mansourah Poultry to 9.05% from 8.73%,
after purchasing 1.3m shares at EGP1.19/share. (Source: EGX News)
 NAEEM NewsStand
26 October 2021

NAEEM FOCUS LIST

EV/EBITDA DY
Last Target PE (x) ROE (%)
Sectors Company Code Recom. (x) (%)
Price Price
20e 21f 20e 21f 20e 21f 21f
Arabian Cement (ARCC) ARCC 3.5 UR UR na na 8.6 7.4 na na na

Misr National Steel - Ataqa ATQA 1.6 4.65 BUY 3.2 4.4 2.0 2.6 42.1 22.3 na

Building El Sewedy Electric SWDY 9 10.00 ACCUM 8.3 5.7 3.6 2.5 12.4 16.7 0.1
Materials
Misr Beni-Suef Cement MBSC 27.3 UR UR na na 25.6 14.4 na na na

Misr Qena Cement (MCQE) MCQE 12.8 UR UR na na 13.1 8.7 na na na

Suez Cement (SUCE) SUCE na UR UR na na na na na na na

GB AUTO AUTO 4.3 5.89 BUY 8.9 4.9 13.4 9.2 8.7 13.2 na

Juhayna Food Industries JUFO 6.0 9.18 ACCUM 12.3 11.6 5.6 5.8 16.3 16.1 0.0
Obour Land For Food
Consumers OLFI 5.5 8.38 BUY 8.0 7.8 5.3 5.2 33.8 31.2 0.1
Industries
Eastern Company EAST 11.8 22.17 BUY 7.4 5.6 3.5 2.9 40.0 35.0 0.1
MM Group for Industry and
MTIE 6.4 11.10 BUY 11.8 12.5 6.9 7.3 15.6 12.0 na
International Trade
Abu Qir Fertilizers ABUK 22.0 30.00 BUY 12.3 9.4 7.8 5.5 33.2 37.2 0.1
Alexandria Mineral Oils
AMOC 4.0 4.34 BUY -10.8 21.0 -0.8 1.1 -25.3 11.5 0.0
(AMOC)
Egyptian Chemical Industries
EGCH 3.8 UR UR na 8.4 60.2 -1.8 -2.0 7.2 0.0
(KIMA)
Egyptian Financial and
EFIC 13.2 12.24 BUY 67.3 13.7 9.4 7.3 1.2 5.6 na
Chemicals and Industrial Co.
Fertilizers
Misr Chemical Industries Co. MICH 11.6 14.74 BUY 13.1 7.6 6.0 3.5 11.0 19.4 0.1

Misr Fertilizer Production Co. MFPC 104.0 86.20 BUY 13.7 11.3 3.8 3.6 11.4 13.3 0.1

Sidi Kerir Petrochemicals SKPC 9.6 11.20 HOLD 28.3 11.5 1.0 1.1 5.1 11.6 0.1

Paint and Chemical Industries PACH 19.6 25.70 BUY 14.0 10.3 10.2 7.3 7.5 9.7 0.1

Arabia Investments Holding AIH 0.4 UR BUY na na na na na na na

B Investments BINV 11.9 16.63 HOLD na na na na na na na

Financial
Egyptian Kuwait Holding EKHO 1.4 1.42 BUY 12.5 11.5 108.7 84.5 15.1 15.9 0.1
Services
BUY-
Qalaa Holdings CCAP 1.2 2.07 -10.0 -119.4 51.9 3.9 -1.6 -0.3 na
HIGH
Al Tawfeek Leasing ATLC 4.3 6.19 RISK
HOLD 5.0 4.8 28.8 28.8 24.5 24.7 0.2
Egyptian Resorts Company
EGTS 1.5 2.79 BUY na na na na na na na
"ERC"
Heliopolis Housing (HELI) HELI 4.6 9.58 BUY 0.3 0.2 8.0 15.4 28.6 17.9 na

Madinet Nasr (MNHD) MNHD 2.4 6.81 BUY 3.3 2.8 2.2 1.9 22.1 20.8 na

Real Estate Orascom Development

ORHD 5.4 7.96 BUY 20.1 6.2 10.1 4.8 12.1 31.0 na
(ORHD)

Palm Hills Developments PHDC 2.0 2.37 BUY 7.8 6.1 6.2 5.7 28.6 17.9 na

SODIC (OCDI) OCDI 18.6 21.52 BUY 12.0 9.8 7.5 4.7 11.4 14.4 na

Talaat Mostafa Group (TMGH) TMGH 7.3 10.56 BUY 13.2 12.3 5.1 4.6 3.6 3.8 na

Healthcare & Egyptian Pharmaceutical

PHAR 42.2 79.60 BUY 8.4 6.3 5.2 4.1 16.5 20.6 0.1
Pharmaceutic Company
als Ibnsina Pharma ISPH 3.1 7.67 BUY 16.4 10.4 6.7 5.4 17.4 22.7 na
 NAEEM NewsStand
26 October 2021
Cleopatra Hospitals Group CLHO 4.5 6.96 BUY 33.3 25.0 16.4 10.3 10.4 12.2 na

Commercial International Bank

COMI 48.4 68.40 BUY 7.6 7.0 na na 20.7 20.4 0.0
- Egypt

Credit Agricole - Egypt CIEB 26.7 35.04 BUY 5.0 4.6 na na 23.7 24.1 0.1

Banks Abu Dhabi Islamic Bank -

ADIB 15.1 13.50 ACCUM 6.8 6.4 na na 26.5 24.3 na
Egypt

Housing and Development

HDBK 39.0 41.88 Hold 4.2 4.0 na na 21.0 17.4 0.0
Bank

Telecoms Telecom Egypt "TE" ETEL 13.7 19.10 BUY 7.4 6.4 5.3 4.8 8.8 9.5 0.0
- UR=Under Review
 NAEEM NewsStand
26 October 2021

DAILY AGENDA
Wed 27 October 2021 Thu 28 October 2021 Sun 31 October 2021

MILS: To hold OGM ACGC: To hold OGM

ZEOT: To hold OGM
BTFH: To hold OGM GRCA: To hold OGM

Mon 1 November 2021

CEFM: To hold OGM

NRPD: The court hearing session of
lawsuit no. 118/2021 filled by the
company against MidBank

GLOBAL DEPOSITORY RECEIPTS "GDRS"

Previous Local Diff.
London Conversion Last Price Change GDR/Local
Company name Close Price
Bb Code Ratio (USD) (%)
(USD) (EGP) (%)

Commercial International Bank "CIB" -Egypt CBKD LI 1011 101 101 501- 7907 101-

EFG - Hermes Holding EFGD LI 1021 101 101 101 1501 109

Telecom Egypt "TE" TEEG LI 1051 105 105 101 1105 1709-

Orascom Telecom Holding "OTH" OIH LI 1051 1011 1011 101 105 1101-

Source: Bloomberg
 NAEEM NewsStand
26 October 2021

DIVIDEND TABLE
Cash
Company name Ticker Stock div. Record date Distribution date Dividend yield (%)
div./share

Misr Chemical Industries MICH EGP0.50 - na 28 October 2021 701

Misr Cement Qena MCQE EGP0.25 - 26 October 2021 31 October 2021 501

International Company for Leasing ICLE EGP0.50 - 27 October 2021 01 November 2021 101

Sidi Kerir Petrochemicals SKPC - 0.2:1 01 November 2021 02 November 2021 na

Alexandria Pharmaceuticals AXPH EGP10.00 - 07 November 2021 10 November 2021 102

Cairo Pharmaceuticals CPCI EGP4.00 - 07 November 2021 10 November 2021 1101

Arab Pharmaceuticals ADCI EGP5.00 - 07 November 2021 10 November 2021 909

El-Nile Co. For Pharmaceuticals And Chemical NIPH
EGP2.00 07 November 2021 10 November 2021 501
Industries
Misr Chemical Industries MICH EGP0.50 - na 30 December 2021 701

Abu Qir Fertilizers ABUK EGP1.00 - 17 October 2021 30 December 2021 702

Madinat Nasr for Housing and Development MNHD EGP0.30 - 28 April 2021 31 October 2021 1501

Misr Fertilizers Production Co – Mopco MFPC EGP3.50 - 25 April 2021 31 December 2021 107
 NAEEM NewsStand
26 October 2021

INSIDER TRADING
Insider Trading Executions: Trading Sessions 24th of October 2021
Company Name Ticker Position Type of Trans. Volume

Mansourah Poultry MPCO Related Parties Buy 1,306,500

The Egyptian Co. for Construction Development EDBM Board of Directors Sell 10,000,000

The Egyptian Co. for Construction Development EDBM Board of Directors Sell 1,000,000

General Silos & Storage GSSC Board of Directors sell 500

El Nasr Clothes & Textiles (Kabo) KABO Board of Directors buy 40,000

El Arabia Engineering Industries EEII Board of Directors buy 145,000

Egyptian Transport (EGYTRANS) ETRS Board of Directors Buy 40,000

Egyptian Real Estate Group AREH Board of Directors Buy 330,000

Egyptian Real Estate Group AREH Board of Directors Buy 6,000,000

Egyptian Real Estate Group AREH Board of Directors Buy 1,476,880

Egyptian Real Estate Group AREH Board of Directors Buy 1,223,000

Egyptian Real Estate Group AREH Major Shareholder sell 1,303,500

Palm Hills Development Company PHDC Board of Directors Buy 102,485

Naeem Holding NAHO related parties sell 950,000

C I Capital Holding For financial Investments CICH Board of Directors Buy 30,000

Rowad Tourism (Al Rowad) ROTO Board of Directors Buy 8,100

Sharm Dreams Co. for Tourism Investment SDTI Board of Directors Buy 22,167

Golden Coast Company GOCO Board of Directors sell 260,000

Elwadi For International Investment & Development ELWA Board of Directors Sell 120,000

Nozha International Hospital NINH Major Shareholder Buy 18,560

Speed Medical SPMD Board of Directors Buy 3,881,911

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 250,000

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 60,000

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 385,116

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 33,998

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 310,084

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 386,745

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 345,474

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 375,635

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 129,419

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 502,378

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 190,084

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 327,501

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 1,003,287
 NAEEM NewsStand
26 October 2021
E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 405,374

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 170,471

E‐Finance For Digital and Financial Investments SAE EFIH Related Parties Buy 199,075

Al Bader Plastic EBDP Board of Directors buy 127,000

Al Bader Plastic EBDP related parties sell 127,000

Al Moasher for Programming and Information Dissemination AMPI related parties sell 7,000
 NAEEM NewsStand
26 October 2021

EGX 100 CONSTITUENTS: 25th of October 2021

M. Cap Free Last Return (%) 52 Weeks H
Turnover Volume Yield
Sector/Company Name Ticker Float Cur. Price
(EGPm) (%) (EGP) Daily YTD (EGP'000) (000) High Low PE (%)

Construction & Building Materials

Arabian Cement Company ARCC 1,348 na EGP 3.5 2.9 10.9 4,500 1,240 6.2 2.6 nm na

Giza General Contracting & Real Estate Inves GGCC 555 7 EGP 0.4 -1.8 -24.8 1,214 3,138 1.0 0.3 13.8 na

South Valley Cement SVCE 835 62 EGP 1.6 2.1 2.3 1,255 718 2.8 1.3 nm na

The Arab Ceramic Co.-Ceramica Remas CERA ۞ 670 58 EGP 3.3 0.8 65.8 7,519 1,974 9.5 2.1 10.5 4.0

Pachin PACH 497 na EGP 19.6 0.0 11.2 1,904 91 29.7 15.4 nm 2.4

Suez Cement SUCE 2,722 50 EGP na P P na 0 P P nm na

Al Ezz for Ceramics and Porcelain ECAP 541 36 EGP 9.9 -1.1 -24.6 826 81 20.7 8.7 9.2 9.4

Egyptian for Developing Building Materials EDBM 275 na EGP 0.4 -18.6 -26.1 70,569 133,729 1.0 0.4 nm na

Basic Resources
Al Ezz Steel Rebars ESRS 8,589 34 EGP 15.8 -1.1 47.3 22,653 1,411 16.4 6.3 27.2 na

Asek Company for Mining ASCM 257 20 EGP 8.5 6.1 23.6 1,024 117 14.5 5.8 nm na

Rakta Paper Manufacturing RAKT 2,010 6 EGP 1.6 5.8 36.4 5,063 3,065 2.0 0.8 28.2 na

Misr National Steel SAE ATQA 460 26 EGP 7.9 0.4 16.4 1,657 195 13.0 6.1 nm na

Egypt Aluminum EGAL 11,463 11 EGP 26.7 -5.2 145.3 6,137 215 31.6 10.5 nm na

Al Ezz Dekheila Steel – Alexandria IRAX 9,274 34 EGP 488.4 -1.8 39.2 334 1 490.0 266.1 nm na

Egyptian Iron & Steel Co IRON ۞ 1,532 8 EGP 1.6 5.0 -51.9 1,114 713 3.9 1.4 2.4 na

Housing & Real Estate & Tourism ۞

TMG Holding TMGH 14,961 49 EGP 7.3 -0.1 10.4 11,660 1,599 7.9 5.4 8.2 1.0

El Wadi Co. For Touristic Investment ELWA ۞ 179 na EGP 0.8 4.6 -43.2 5,584 5,635 15.6 0.8 34.2 na

Palm Hills Development Co. PHDC 6,012 48 EGP 2.0 -0.7 43.0 2,207 1,123 2.1 1.2 6.6 5.1

Heliopolis Housing and Development HELI 6,275 56 EGP 4.6 1.3 -23.0 3,070 654 7.2 4.3 34.6 1.1

Medinet Nasr Housing MNHD 4,014 na EGP 2.4 0.8 -27.0 6,370 2,384 4.0 2.6 6.2 5.4

Emaar Misr for Development EMFD 10,644 61 EGP 2.3 0.4 -0.8 1,532 650 2.8 2.1 5.0 na

Six of October Dev. and Invest. “SODIC” OCDI ۞ 6,483 39 EGP 18.6 -1.4 22.6 1,832 101 19.3 10.9 6.6 3.0

Remco for Touristic Villages Construction RTVC 711 24 EGP 2.7 0.3 -11.1 1,998 686 4.9 2.5 nm na

El Shams Housing & Urbanization ELSH 1,481 27 EGP 7.6 -1.6 68.6 11,004 1,298 21.3 3.7 11.4 1.2

Elsaeed Contracting& Real Estate UEGC 508 50 EGP 0.6 0.2 -20.8 1,585 2,361 1.2 0.6 nm na

Cairo Investment and Real Estate Develop. CIRA 6,993 66 EGP 12.3 3.1 -18.1 637 54 15.1 10.7 36.7 1.4

Development and Engineering Consultants DAPH 638 61 EGP 31.4 1.3 109.0 4,680 130 57.9 12.6 21.6 na

Golden Coast Company GOCO 118 na EGP 0.6 1.9 -45.6 4,664 6,651 2.1 0.2 35.4 na

Mena Touristic & Real Estate Investment MENA 210 65 EGP 1.2 0.5 -9.6 2,775 2,127 2.0 0.8 nm na

Orascom Hotels & Development ORHD 6,218 25 EGP 5.4 10.0 12.2 48,771 9,006 6.2 3.3 5.9 na

Egyptian Resorts EGTS 1,722 61 EGP 1.5 0.0 16.4 3,739 2,267 2.8 1.2 nm na
Porto Group Holding PORT 0 0 0 0.6 3.3 -21.2 9,804 0 0.0 0.0 0.0 0.0

Arab Real Estate Investment RREI 179 32 EGP 0.7 -1.1 -20.1 360 491 1.8 0.7 19.7 na

Arab Co. for Asset Management And Dev. ACAMD 638 61 EGP 0.4 0.4 -54.9 3,536 7,244 1.4 0.4 nm na

Banking
Commercial Int'l Bank - Egypt “CIB” COMI 93,449 99 EGP 48.4 0.4 6.8 33,859 718 49.4 36.5 9.2 na

Abu Dhabi Islamic Bank- Egypt ADIB 3,002 na EGP 15.1 -1.7 25.6 5,370 354 19.0 10.0 2.2 na

Credit Agricole Egypt CIEB 8,323 32 EGP 26.7 0.7 -7.8 577 21 30.5 21.1 5.8 na
Housing & Development Bank HDBK 5,920 27 EGP 39.0 -0.8 19.7 2,112 54 42.0 25.0 nm na

۞ Denotes that a stock is a member of the NISE25 index

 NAEEM NewsStand
26 October 2021
M. Cap Free Last Return (%) 52 Weeks H
Turnover Volume Yield
Sector/Company Name Ticker Float Cur. Price
(EGPm) (%) (EGP) Daily YTD (EGP'000) (000) High Low PE (%)

Qatar National Bank Al Ahli QNBA ۞ 35,016 5 EGP 16.3 0.0 -9.6 279 17 19.0 15.0 11.9 na

Export Development Bank EXPA 2,992 na EGP 9.1 -0.2 -23.4 1,000 109 14.6 9.0 4.6 na

Egyptian Gulf Bank EGBE 2,768 5 USD 0.4 0.0 -7.9 11 27 0.5 0.4 nm na

Faisal Islamic Bank of Egypt – USD FAITA 8,106 na USD 1.0 1.4 15.6 118 115 1.1 0.7 4.5 na

Non-Banking Financial Services ۞

EFG-Hermes Holding Company HRHO 11,345 91 EGP 12.3 -0.2 0.9 4,848 393 13.4 9.9 7.2 na

Egypt Kuwait Holding EKHO 25,985 69 USD 1.4 1.5 50.9 1,155 831 1.4 0.9 13.6 na

Belton Financial Holding BTFH 759 25 EGP 1.6 -1.4 -33.4 1,813 1,053 4.5 1.5 nm na

Pioneers Holding PIOH na na EGP na P P na 0 P P nm na

Arabia Inv., Dev., Fin. Inv. Holding Co. AIND 529 35 EGP 0.4 -2.5 -38.7 9,695 24,224 0.8 0.4 5.0 na

Sarwa Capital Holding for Financial Invest. SRWA ۞ na 61 EGP na P P na 0 P P nm na

Al Ahly for Dev. and Investment AFDI ۞ 345 47 EGP 17.8 11.8 3.2 5,044 266 33.8 13.0 36.1 na

Qalaa Holding CCAP 3,755 63 EGP 1.2 1.1 -14.3 2,740 2,228 1.6 1.1 nm na

Arab Moltaqa Investments AMIA 822 18 EGP 2.6 -1.4 70.1 10,703 3,740 6.7 1.4 10.7 1.8

Arafa for Investment and Conaultancies AIVC 828 38 USD 0.1 0.0 7.1 10 93 0.1 0.1 nm na

Orascom Conatruction Ltd ORAS 8,627 na EGP 73.3 1.0 -11.8 17,716 242 102.8 66.0 5.3 4.9

Naeem Holding NAHO ۞ 1,456 48 USD 0.2 2.0 39.7 277 1,109 0.3 0.1 nm na

CI Capital Holding CICH 4,060 8 EGP 4.0 1.0 1.8 2,301 571 5.6 3.0 8.6 1.2

1,117 50 EGP 1.1 3.1 -3.7 6,235 5,608 1.4 0.6 16.9 na
Amer Holding Group AMER

BPE Holding For Financial Investments BINV 2,061 61 EGP 11.9 4.9 17.6 3,538 273 18.7 10.0 8.8 9.7

Personal and Household Products

Oriental Weavers ORWE 5,660 78 EGP 8.4 1.3 24.2 1,412 166 9.4 5.8 4.3 11.8

El Nasr Clothing and Textiles KABO ۞ 466 29 EGP 1.0 3.4 -25.4 326 322 1.7 0.8 nm na

Arab Cotton Ginning ACGC 442 85 EGP 1.6 -0.4 -49.1 3,958 2,329 3.5 1.5 nm na

Eastern Tobacco EAST 26,753 43 EGP 11.8 -0.2 -8.8 3,419 288 15.4 10.2 6.8 16.8

Telecommunication & Technology

Telecom Egypt ETEL ۞ 23,694 46 EGP 13.7 1.0 16.3 6,611 477 15.4 10.1 4.1 5.4

Global Telecom Holding GTHE 31,820 41 EGP na P P 21 0 P P nm na

Orascom Investment Holding OIH 1,338 38 EGP 0.2 1.2 35.2 5,523 21,688 0.3 0.2 nm na

Egyptian Satellites Co SAE EGSA 2,667 44 USD 4.2 0.0 -1.8 na 0 4.7 3.9 5.5 10.5

Raya Holding Co RAYA 5,146 17 EGP 2.3 -1.2 227.4 459 189 3.8 0.6 3.9 na

Raya Contact Center RACC 788 61 EGP 3.4 0.6 7.3 9,907 2,762 5.6 2.8 38.8 na

Fertilizers and Chemicals

Egyptian Chemical Industries EGCH 3,393 14 EGP 3.8 4.1 -6.2 947 249 5.0 3.0 nm na

Egyptian Financial and Industrial EFIC ۞ 987 64 EGP 13.2 3.3 14.6 2,818 206 15.9 8.9 6.1 1.8

Sidi Kerir Petrochemicals SKPC 5,150 35 EGP 9.6 2.3 5.4 25,613 2,602 13.1 6.8 17.1 na

Abu Qir Fertilizers ABUK 27,471 62 EGP 22.0 10.5 5.3 41,226 1,949 24.2 16.3 9.4 5.1

Misr Fertilizers Production Co SAE MFPC 23,750 61 EGP 104.0 3.7 76.5 33,073 323 104.0 43.0 6.8 3.4

Oil & Gas

Alexandria Mineral Oils Company AMOC 5,295 51 EGP 4.0 0.7 31.4 7,796 1,895 4.2 2.3 12.2 3.7

GMC GMCI ۞ 75 91 EGP 1.7 0.0 81.8 186 105 2.0 0.8 nm na

۞ Denotes that a stock is a member of the NISE25 index

 NAEEM NewsStand
26 October 2021

M. Cap Free Last Return (%) 52 Weeks H

Turnover Volume Yield
Sector/Company Name Ticker Float Cur. Price
(EGPm) (%) (EGP) Daily YTD (EGP'000) (000) High Low PE (%)

Industrial Goods & Services and Automobiles

El Sewedy Cables SWDY 18,653 43 EGP 8.5 0.9 -12.9 17,953 2,097 10.7 7.0 5.0 4.7

Canal Shipping Agencies CSAG 3,450 82 EGP 17.0 6.3 20.2 387 22 21.2 8.6 17.2 16.0

United Arab Shipping UASG 204 49 EGP 0.9 -0.6 -7.8 5,506 5,154 1.6 0.7 nm na

Maridive and oil services MOIL 1,235 46 USD 0.2 0.0 -7.6 10 64 0.2 0.1 nm na

403 32 EGP 12.6 -0.6 25.7 701 54 19.5 9.0 40.8 2.9
Egyptian Transport “Egytrans” ETRS

El Ahram for Printing and Packing EPPK ۞ 88 12 EGP 10.6 5.0 4.5 302 29 21.8 9.2 nm na

Alexandria Container and Cargo Handling Co ALCN 12,186 19 EGP 8.0 1.2 -0.5 6,782 823 11.2 5.8 8.6 9.5

Industrial Engin. Co. for Const. & Develop. ENGC 770 na EGP 6.2 4.1 -6.2 1,499 236 10.7 4.8 nm 3.9

GB Auto AUTO 4,606 na EGP 4.3 -0.5 26.8 2,135 505 4.5 2.5 3.4 5.9

Food and beverage

Juhayna Food Industries JUFO 5,564 50 EGP 6.0 -0.7 -0.3 1,831 311 7.3 4.0 13.0 na

Atlas For Investment and Food Industries AIFI ۞ na na EGP na P P na 0 P P nm na

Ismailia Misr Poultry ISMA 644 45 EGP 6.6 -1.1 -21.8 8,741 1,181 15.4 3.4 nm na

Egyptian Starch and Glucose ESGI 326 34 EGP na P -20.2 5 0 10.7 0.2 nm na

International Agricultural Products IFAP 257 28 EGP 2.9 2.0 -17.1 765 248 5.4 2.6 12.1 na

Extracted Oils and its Derivatives ZEOT 461 36 EGP 1.8 0.2 10.0 737 387 2.6 1.4 nm 3.2

Ajwa Group AJWA 391 22 EGP 18.1 2.4 31.4 2,135 108 41.2 10.1 48.7 na

Cairo For Oils And Soaps COSG ۞ 2,691 29 EGP 6.6 -1.3 60.1 1,893 275 8.0 3.4 nm na

Arabian Food Industries Co DOMT 1,162 61 EGP 4.2 0.5 -19.7 567 137 5.9 3.7 25.9 4.9

Cairo Poultry POUL 1,456 51 EGP 2.9 -1.3 -3.2 5,797 1,869 4.6 2.5 13.8 5.3

Ismailia National Food Industries INFI 352 32 EGP 29.2 8.6 27.1 1,272 44 42.9 18.1 27.1 na

Obour Land for Food Industries OLFI 2,048 61 EGP 5.5 0.2 -9.7 1,175 227 8.2 5.0 7.4 11.7

El Nasr for Manufacturing Agricultural Crops ELNA 192 26 EGP 24.4 0.0 -23.2 249 10 46.6 23.2 nm na
Healthcare and Pharmaceuticals
Ibnsina Pharma ISPH 3,053 61 EGP 3.1 -1.5 -37.5 10,034 3,118 6.5 3.0 16.2 na

Cleopatra Hospital Co CLHO 6,816 61 EGP 4.5 -0.7 -10.5 616 145 5.6 3.7 21.2 na

Miscellaneous
Egyptian Media Production City MPRC 939 55 EGP 4.8 -2.6 -25.2 720 143 8.0 4.4 nm na
MM Group For Industry And Int’l Trade MTIE 6,304 61 EGP 6.4 1.6 4.0 9,413 1,432 10.4 5.8 20.4 na

۞ Denotes that a stock is a member of the NISE25 index

 NAEEM NewsStand
26 October 2021
Disclosure Appendix
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Stock Ratings

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investor’s existing holdings and financial standing) and other considerations. Different securities firms use a range of rating terms and rating
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NAEEM assigns ratings to stocks on the following basis:

Rating Upside/Downside potential Rating distribution as of 26 October 2021

BUY >20% 46%
ACCUM. >10% to 20% 11%
HOLD +10% to -10% 35%
REDUCE <-10% to -20% 4%
SELL < -20% 4%

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