• 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