EPISODE · Sep 28, 2021 · 4 MIN
Pre-Trading Thoughts 28/9/2021
from Al Ahly Pharos · host Al Ahly Pharos
-Yields on US 10-year treasuries climbed to three-month highs-Oil prices rose on Monday for a fifth straight day, Brent futures USD80.03/bbl-Iron ore 65% recorded USD185/ton (+43% WoW); Steel/Iron Ore spreads at USD393 (-18% WoW)-Five companies are ready for public offering under the government IPO program; ABUK's valuation has been updated; ALCN excluded-Sovereign Fund, Hassan Allam and Orascom Construction to construct water desalination plants with investments exceeding USD2 billion-Upper Egypt General Contracting won a project award for EGP130 million-We update our valuation for IDHC to a FV of EGP23.70/Share; -PHDC (FV: EGP2.58, OW) signed a EGP2.5 billion loan -ALCN 2M FY21/22 bottom line at EGP241 million, +17.9% YoY-Auto producers to supply 1,200-1,300 cars/ month down from 1,700
What this episode covers
-Yields on US 10-year treasuries climbed to three-month highs -Oil prices rose on Monday for a fifth straight day, Brent futures USD80.03/bbl -Iron ore 65% recorded USD185/ton (+43% WoW); Steel/Iron Ore spreads at USD393 (-18% WoW) -Five companies are ready for public offering under the government IPO program; ABUK's valuation has been updated; ALCN excluded -Sovereign Fund, Hassan Allam and Orascom Construction to construct water desalination plants with investments exceeding USD2 billion -U...
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Pre-Trading Thoughts 28/9/2021
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