In today's views

• Strategy | ELEC is an illiquid stock but one that you cannot afford to miss at this stage of the cycle and at current valuations 
• BONY | Portfolio skewed towards tier-1 office space to narrow NAV discount
• JUFO | Bearish on concentrates, bullish on JUFO
• EKHO | Executing on capital recycling strategy 

In today's Pre-Session Views:

• Strategy | CSAG and CCAP (post issuance of new shares) are our most favored direct exposures to a likely reopening of the Strait of Bab El Mandab
• Cement Sector | Gaza ceasefire and new incentives reshape supply-demand outlook
• F&B | Sector rotation time for F&B players; Overweight

Strategy| A simple methodology to assess whether CCAP is cheap or not

QNBE| Solid fundamentals and potential for increased payouts should overshadow the stock's illiquidity discount

GBCO| 4Q25 securitization gains ignite GBCO’s growth trajectory 

• In today's Pre-Session Views:
  • Strategy | Alumina - aluminum spread soars to USD2,400/ton to form a perfect start to EGAL fiscal year
  • Cement Sector | Local sales record strongest rally in over a decade