Pre-Trading Thoughts

Al Ahly Pharos

The General Authority for Investment and Freezones is pitching a USD17 billion investment to build the world’s largest green hydrogen plant in South Sinai.

Egypt and Greece are set to begin implementing their 3 GW electricity interconnector (Gregy) before the end of 2H25, with the project set to receive a grant and concessional financing totaling EUR1 billion.

Eight Turkish apparel and textile manufacturers are in talks to enter the Egyptian market this year.

The government has approved a proposal submitted by the National Organization for Social Insurance to swap part of its debts owed to companies in the public and private business sectors for assets, including land plots and buildings.

The General Authority of the Suez Canal Economic Zone signed two contracts for two new projects in the Qantara West Industrial Zone, with a total investment of USD28 million in the fields of textile manufacturing, printing, and dyeing.

PHAR issued 4Q24 results.Net profit came in at EGP112 million, down 45.5% QoQ and 46.1% YoY. 2024 bottom line registered EGP1.097 billion, higher by 29% YoY. PHAR is currently trading at FY25 multiples of P/E of 5.7x and EV/EBITDA of 4.2x.

LCSW’s (FV: EGP37.00, OW) attributable net profit surged 99% to EGP890.3 million, reflecting improved operational efficiency and strong revenue growth. Over the quarter, net profit declined 69% to EGP34.6 million, reflecting weaker profitability in the quarter.

GBCO’s BoD proposed cash dividend distribution of EGP0.35/share for FY24. This implies payout ratio of 13.0% and dividend yield of 2.0%.

HRHO raised EGP463 million in ValU's first securitization bond issuance in 2025.

CICH and Compass Capital officially launched their C3 capital private equity fund.

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