Al Ahly Pharos
Welcome to our daily podcast featuring the day's top news commentary and technical recommendations delivered to you before the opening bells of the Egyptian Stock Exchange (EGX).Alongside our morning podcasts, we will be publishing a collection of episodes presenting indepth analysis and insights on EGX's equities, all brought to you by Al Ahly Pharos.
Al Ahly Pharos
Pre-Session Views
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Al Ahly Pharos
In today's views
- Strategy | TAQA Arabia is a cash-generating utility company that is dressed up as a growth company
- TAQA | On track to post a bottom line in excess of EGP1 billion in 2025 but valuation multiples are a bit stretched
- ETEL 3Q25 | On the verge of a decisive turnaround: 1) 2025 is set to exceed expectations, 2) net debt has fallen below EGP70 billion mark, 3) capex/sales is now below 30%, and 4) Helios Towers has shown in ETEL's towers, maintain BUY
- FWRY 3Q25 | Profits of EGP839 million (in line) are no longer an ADP story – new business lines are now driving growth, maintain BUY
- EFIH 3Q25 | Profits of EGP747 million (in line) successfully closes a chapter in 2025 and puts all eyes on 2026 as EFIH prepares for a new growth story, maintain BUY
- ATLC | 9M25 bottom line is consistent with a full year target of EGP267 million after taking 4Q25 securitization gains into account
- MBSC | Leads cement rally, but margin gains may not be replicable Leads cement rally, but margin gains may not be replicable
- ALCN | Stronger EGP keeps 1Q25/26 results muted; CSAG remains our preferred exposure
- ECAP | 3Q25 results show solid improvement; Export momentum supports 2026 outlook