• Egypt expects FDI worth USD14 bn, in petroleum and water desalination sectors
• Cypriot gas to be sent to Egypt for re-export
• Egypt plans to export electricity to South Sudan (Exports+ ORAS/SWDY)
• Egypt is linking  electricity grid to Saudi Arabia  (Exports+ ORAS/SWDY)
• Companies have to register with the government e-invoice platform by 15 December, according to a tax directive (tax collection and e-finance)
• Property ID numbers roll out will take place before the end of this year  (tax collection and e-finance)
• EGTS' case on Sahl Hasheesh Phase III postponed to Nov 17
• ZMID sells residential land plots at EGP17k-18k/sqm
• Flights between Germany and Sharm/Luxor might resume by mid-December
• EAST to produce new product at high margins; adds 3-5% to revenues at 58% margin
• Detention of Safwan and Seif Sabet renewed for 45 days (JUFO)
• Alameda expanding in Egypt with no intention to merge with CLHO
• Digital banks to be established next year
• ALCN to face higher competition and might merge with United Arab Shipping (Negative)
• CSAG facing pressure on results from Damietta Containers Handling (Negative)
• PVH to partner with local producer to establish garment factory (higher competition) 

Market Overview
COMI
ESRS
ETEL
EHDR

• EKHO trades today in EGP; OW on target price of EGP25.30
• Egypt signs with Libya USD33 bn worth of contracts; SWDY and ORAS key beneficiaries
• Iron ore prices decline; Spreads increase ST; Keep an eye for medium term spreads
• Egypt is off the UK red list
• JUFO releases 2020 detailed results; Stock trading at 10.4x 2021 P/E
• EAST renews JTI toll manufacturing contract; Stock trading at 4.9x 2022 P/E
• One million Egyptian workers head to Libya next month; SPMD will handle their pre-employment covid testing
• TALM to invest EGP430mn over next 2-3 years
• Ethydco (20% owned by SKPC) to participate in two EGP3.5 bn projects 

Market Overview

COMI
MTIE
EAST
ESRS

Prepared by: Mayada Amin- CETA, CFTe

• Egypt to have a key role in Libyan reconstruction. SWDY and ORAS are key beneficiaries.
• SWDY to inaugurate 3 factories in Tanzania and might establish an industrial city there
• Fourth electricity connection line to be established with Saudi Arabia and SWDY might get awards
• Remittances at a record USD31 bn
• Today is MPC meeting day and rates should be maintained
• Digitization of invoicing and transportation in Egypt: e-Finance is the sole beneficiary
• EKHO trades in EGP on Sunday and 68% of shares converted to EGP from USD
• New cash flow management strategy for developers and how they might cope
• PIOH to split stock into three and our view on valuation gaps

Market Overview

TMGH
EMFD
EXPA
ATLC

Prepared by: Mayada Amin - CETA, CFTe

• Sodic MTO shows how TMGH, PHDC and ORHD are massively undervalued
• Sodic changes terms of "June" North Coast land plot
• OIH to sell TWA and VI, which creates ST stock price catalyst; MT potential questionable
• ALCN releases stable results but has challenges ahead
• EGCH/KIMA releases losses despite revenue surge
• Government to digitize tax and custom platforms and payments; e-Finance is the beneficiary

• EGX suggests changes to listing rules
• Contract signed with Siemens for second and third phase of monorail (ORAS)
• SWDY might capture 30% share of Egyptian investments in Libyan reconstruction
• FWRY to establish a microfinance company
• EKHO: Today last day to switch trading currency
• OIH records losses in 2Q21
• Moscow might raise weekly flights to red sea
• UK revising its red list of touristic destinations
• HDBK to triple capital from reserves and retained earnings
• EAST to reduce capital on treasury shares cancellation
• Tuesday's Commodity Prices Update

Market overview

ALCN

EAST

PHDC

EHDR

Prepared by: Mayada Amin – CETA, CFTe

• New FRA Min. Shares Listing Requirements
• Egypt to pump gas to Lebanon in 3 weeks
• M&A transactions quadruple in 1H2021 YoY to USD4 bn
• ORHD expects strong growth in profitability in 2021
• ZMID to auction land plots on Sept 16
• OIH secures a loan for "Sound and Light" development