Al Ahly Pharos

- Market Overview 

- JUFO

- ORWE

- TMGH

- ORHD

- ORAS

-,Prepared by: Mayada Amin- CETA, CFTe

• Strategy| COMI can easily jump 5% just to recoup June-to-date losses and this could be the start of a 12M gain of 50%
• VALU| Investor-fueled rally may overrun fundamentals
• ATLC| Expanding opportunities in factoring and mortgage amidst leasing maturity
• OLFI| Management reaffirms growth plans and strong FY25 outlook
• ORWE management call | Near-term headwinds temper outlook, strategic investments and US focus could unlock value 

- Market Overview 

- ORAS

- ORWE

- FWRY

- PHDC

- JUFO

- Prepared by: Mayada Amin, CETA, CFTe

• Strategy| CICH will likely be the next NBFI to re-rate in 2H25
• HRHO| Amazon's bet on VALU is a win for HRHO shareholders
• BTFH| BTFH secured USD funding — Is a USD-based target acquisition in sight?
• MTIE management meeting takeaways| An exclusive distribution and local production plans signal growth acceleration
• AMOC, CCAP| Wider Diesel-HFO spread signals margin upside for AMOC and CCAP

- Market Overview 

- ADIB

- BTFH 

- PHDC

- TMGH

- EFIH

- Prepared by: Mayada Amin, CETA, CFTe

• Strategy| Betting on listed crude oil-related stocks is betting against the supply response of OPEC+ and US shale producers
• DSCW| valuation update
• ORAS | Private sector entry to water projects a tailwind for local contractors
• MTIE| Contribution to Basata Holding’s capital increase underscores commitment to microfinance growth

- Market Overview 

- Prepared by: Mayada Amin, CFTE, CFTe

In today's Pre-Session Views:

• Strategy| COMI behavior during a sell-off suggests EGP80/share is a sold floor
• ADIB| Growth-oriented with capital preservation in mind; Ready to mitigate rate pressures
• HRHO| HRHO Dips Below EGP 25/Share—Time to load up
• JUFO| The margin tailwind fades as concentrates catalyst wears off
• ISPH| Earnings and cosmeceuticals growth on track; potential deleveraging adds further upside
• LCSW| Merger fuels efficiency; 2H25 rebound may support EGP600 million earnings guidance barring gas price shocks
• MCQE| YTD sales volumes reaffirm robust 2025 outlook

- Market Overview 

- ADIB

- PHDC

- TMGH

- ORAS

- FWRY 

- Prepared by: Mayada Amin- CETA, CFTe

In today's Pre-Session Views:

• Strategy| ISPH sell-off is categorically unjustified
• EGAL| We remain buyers of EGAL as aluminum prices hit a 3-month high