Al Ahly Pharos

Pre-Trading Thoughts 20/9/2021


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  • 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) 
...more
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