Al Ahly Pharos

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  • Strategy| ISPH IH25 results draw a demarcation line between management and macro 
  • VALU 1H25| VALU delivers robust 1H25, international expansion in focus
  • ATLC 1H25| Steady growth, outlook intact
  • FWRY 1H25| New services launch and organic growth should comfortably outpace policy rate cuts, beating our EGP2.7 bn for 2025 is in sight; maintain as one of our top picks for 2025
  • ETEL 1H25| Sound fundamentals and 2H25 catalysts should trigger price performance during 2H25
  • MTIE 1H25| Higher bottom-line contribution from investments should gradually unlock value and drive share price to EGP12.4/share
  • ISPH 1H25| Strong results on price and volume rebound, expectations of a stronger 2H25
  • JUFO| Confirming our view, equal weight short term, overweight long term
  • ACRO| Rapid growth at a bargain multiple
  • PHDC| A MCAP of EGP23 billion is out of sync with PHDC record high new sales, sizable outstanding notes receivables and upcoming launch of Abu Dhabi project.  


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Al Ahly PharosBy Al Ahly Pharos


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