MENA Daily Morning Brief - 27 January

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch January 27, 2021 Value Traded & Advances/Decline Ratio M . C ap C lose C hange (U S D Bn) P rice % Indicators GC C M ar kets S &P G C C C omposite S audi (TA S I) Q atar(Q E Index) A bu Dhabi (A DI) Kuw ait A ll S hare Index (P R) Kuw ait A ll S hare Index (TR) Dubai (DF M G I) Bahrain (BA X) O man(M uscat S M ) Developed mar kets M S C I World Index U .S . (S &P 500) U .K. (F TS E ) Japan (Topix) Emer ging mar kets M S C I E M Index C hina (S hanghai Indx.) India (S ensex) M TD % YTD 3-Yr 5-Yr P /E % C A GR C A GR TTM 465 2,420 153 216 112 112 79 21 11 117 8,790 10,639 5,583 5,727 6,894 2,698 1,461 3,678 -0.6 -0.6 -0.3 -0.6 -0.1 -0.1 -0.9 -0.1 -0.6 2.6 1.2 1.9 10.7 3.3 3.3 8.3 -1.9 0.5 2.6 1.2 1.9 10.7 3.3 3.3 8.3 -1.9 0.5 4.0 5.3 4.2 6.4 4.6 8.3 -8.0 2.9 -9.7 7.0 8.4 2.8 7.4 -1.1 4.5 -6.0 15 20 17 16 21 21 10 9 9 49,095 34,547 2,634 6,659 2,754 3,850 6,654 1,848 -0.1 -0.1 0.2 -0.8 2.4 2.5 3.0 2.4 2.4 2.5 3.0 2.4 7.0 10.2 -4.6 -0.6 12.0 14.7 1.8 5.2 28 30 17 21 7,116 6,506 1,277 1,389 3,742 48,348 -1.5 -1.5 - 7.6 2.8 1.2 7.6 2.8 1.2 2.9 0.1 10.3 13.3 5.5 14.2 20 16 30 C ompanies V alue Traded Listed A DTV – 1M A dv ances Declines U nchanged (U S D mn) companies (U S D mn) S audi A rabia 1,449 206 39 147 20 2,344 Kuw ait 153 166 66 55 45 117 UA E 179 122 16 36 70 198 Q atar 60 46 17 24 5 69 Bahrain 1 44 14 3 27 2 O man 2 121 8 25 88 3 T otal 1 ,8 4 4 705 160 290 255 2 ,7 3 3 Yield Curve & CDS Watch LIBOR (In %) US Treasuries (In %) Blue Chip Watch C ompanies M .C ap (U S D Bn) C lose P rice- C hange % M TD % YTD % 35 102 112 73 44 -0.1 -0.8 -0.9 -2.2 -0.9 0.2 5.3 -0.8 1.0 -0.9 0.2 5.3 -0.8 1.0 -1.3 15.1 16.2 4.2 8.2 13.2 18.4 10.4 33 21 19 12 20 1 15 45 12 1.2 -1.7 0.4 -1.3 17.9 2.8 13.6 8.1 12.6 17.9 2.8 13.6 8.1 12.6 3.4 37.4 9.6 214.5 12.3 4.0 29.3 14.7 120.7 11.4 19 55 16 38 10 864 705 632 578 766 -0.1 -0.1 0.2 0.5 -0.3 2.9 4.1 4.3 1.8 13.3 2.9 4.1 4.3 1.8 13.3 9.3 15.9 10.0 15.8 9.7 10.0 19.0 12.9 14.7 25.0 24 34 14 47 26 18 -1.0 -0.1 -0.1 9.3 7.5 15 12 2 17 4 0.6 0.2 0.1 10.5 0.6 -0.7 -2.7 10.5 0.6 -0.7 -2.7 1.8 15.7 18.8 1.7 3.3 6.1 14.9 5.9 49 14 15 Saudi A r abia S audi A ramco 1,850 S A BIC 81 S audi Telecom 60 A l-Rajhi Bank 49 NC B 35 United A r ab Emirates E TIS ALAT 47 TA QA 45 44 FAB 23 Intl. H olding C o. E mirates N BD 20 Kuwait 20 N BK 18 KF H 9 Zain 6 Bouby an Bank 5 A gility Q atar 45 Q atar N ational Bank Industries Q atar E zdan H olding Q atar Islamic Bank M asraf A l Ray an Top 5 Gainers * 20 13 11 9 3-Yr 5-Yr C A GR C A GR P /E TTM KIBOR Yield Curve (%) 5-year CDS Spread C ountry E mirates Refreshments Q urain P etrochemical Industries C o. Kuw ait P rojects C ompany H olding Dallah H ealthcare C ompany A ramex Top 5 Losers *  C ompanies A hli Bank N ational C entral C ooling C o U nited Dev elopment C ompany C ity C ement C ompany N ational C ommercial Bank C ountry UA E Kuw ait Kuw ait KS A UA E 67.4 41.6 113.8 38.2 42.6 227.5 254.3 - 67.4 39.6 113.8 38.2 38.6 217.5 254.3 - High Low 232.4 155.0 324.6 84.0 181.0 637.0 508.5 13,893.4 61.9 37.4 91.0 34.3 37.3 199.0 164.9 4,159.7 Interest Rate Watch Deposit Rate 3M Rate % S pread % U .S . 0.1 Kuw ait 1.0 KS A ** 0.6 UA E 0.1 Q atar 0.6 O man 2.2 Bahrain 2.0 E uro Region -0.6 Last F O MC M eeting Date: Dec 15/16 M . C ap C hange M TD YTD (U S D Bn) % % % 1.3 14.8% 202.5% 202.5% 1.3 2.6% 6.5% 6.5% 1.1 2.5% 5.0% 5.0% 1.3 2.3% 11.1% 11.1% 1.8 1.4% 0.5% 0.5% 0.9 0.5 -0.0 0.5 2.1 1.9 -0.6 5YR Rate 10YR Rate 0.4 1.0 0.7 2.6 0.8 2.2 0.5 1.3 3.0 1.7 3.3 5.2 3.9 4.9 -0.7 -0.5 N ext F O MC M t Date: Jan 26/27 Commodity Watch C ountry Q atar UA E Q atar KS A KS A M . C ap C hange (U S D Bn) % 2.4 2.0 1.6 1.0 34.9 -5.1% -2.8% -2.7% -2.5% -2.2% M TD % YTD % 4.4% 4.2% -1.8% 8.2% 1.0% 4.4% 4.2% -1.8% 8.2% 1.0% P r ecious M etals G old $ /oz S ilv er $ /oz IP E Brent $ /bbl Bitcoin/U S D C ur r ency Watch U S D (1 E U R =) Yen (1 U S D =) KWD (1 U S D =) C N Y (1 E U R =) C BO E VIX index CAGR – Compounded annual growth rate | ADTV – Average daily traded value | M. Cap - Market capitalization TTM – Trailing twelve months | YTD – Year to date | * Mcap > USD 1bn Note: **12yr for Saudi Arabia; TR = Total Return\PR = Price Return; Total Return is Price Return + Dividend Return Market News  Saudi Arabia launched $5.5 billion in a dual-tranche bond sale with tenors of 12 and 40 years, as it seeks to plug a large fiscal deficit. – IMF  Kuwaiti banks will be allowed to distribute cash profits based on their 2020 financial results – Central Bank of Kuwait 2020 KS A A bu-Dhabi Dubai Kuw ait Q atar O man Bahrain Lebanon  C ompanies 52-Week C urrent C lose P rice C hange % M TD % YTD % High 52-Week Low 1,850.3 25.4 55.5 32,504.5 -0.1 0.2 -0.6 0.7 -2.4 -3.5 7.2 12.1 -2.4 -3.5 7.2 12.1 2,063.2 29.2 59.8 40,667.1 1,469.8 12.0 19.3 4,841.7 1.2 103.6 0.3 6.5 23.2 -0.1 -0.2 -0.0 -0.3 5.8 -0.4 0.3 -0.5 -0.9 1.9 -0.4 0.3 -0.5 -0.9 1.9 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.5 13.7  The U.S. aims to acquire an additional 200 million doses of COVID-19 vaccines, President Joe Biden said, enough to inoculate most Americans by summertime. - Reuters  Digital wallet spending across the world is expected to nearly double in five years as the shift to cashless payments continues. – Juniper Research This report has been prepared and issued by Kuwait Financial Centre K.P.S.C (Markaz), which is regulated by the Capital Markets Authority and the Central Bank of Kuwait. 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