In today's Pre-Session Views:

• Strategy | Spinney's Egypt deal and the simple math of value show that ISPH should be trading at EGP15/share
• ADIB | The simple math of a capital increase
• JUFO | Export mix reweighting and positioning for 2026 volume recovery
• EKHO | Results call highlights new UK pyrolysis project; operational resilience and capital recycling underscore upside potential
• ORWE | Maintains 2025 guidance, discusses restructuring and dividends; we remain neutral on 2026 outlook