GCC Morning Brief - 13 April

Transcription

1. U Capital Research U Capital Morning Brief GCC Market Indices 13 April 2017 Current Close Previous Close Change D /D MTD YTD Index Index Point % % % Muscat Securities Market Saudi Stock Exchange Kuwait Stock Exchange Qatar Exchange Bahrain Stock Exchange 1,015.26 1,176.06 1,026.30 65.57 5,557.36 7,099.13 7,042.12 10,489.28 1,357.29 1,012.69 1,170.25 1,022.37 65.30 5,549.95 7,036.36 7,029.78 10,411.77 1,362.68 2.57 5.81 3.93 0.27 7.41 62.77 12.34 77.51 (5.39) 0.25% 0.50% 0.38% 0.41% 0.13% 0.89% 0.18% 0.74% 0.42% 2.33% 2.51% 1.61% 0.12% 1.39% 0.18% 0.95% -3.58% -0.19% 0.75% 0.54% -3.90% -1.54% 22.51% 0.50% -0.40% 0.10% 11.21% Dubai Financial Market 3,540.60 3,535.22 5.38 0.15% 1.73% 0.28% Abu Dhabi Sec. Exchange 4,555.06 4,562.99 (7.93) -0.17% 2.51% 0.19% U-Capital Oman 20 Index U-Capital GCC 50 Index U-Capital MENA 200 Index Bloomberg GCC200 Index Source: Bloomberg World Markets* Country Value Change Europe FTSE 100 DAX CAC 40 D/D United Kingdom Germany France 7,349.0 12,154.7 5,101.1 (16.51) 15.35 (0.75) (0.22) 0.13 (0.01) USA USA USA 20,591.9 2,344.9 5,836.2 (59.44) (8.85) (30.61) (0.29) (0.38) (0.52) NIKKEI 225 Japan 18,347.7 (203.97) (1.10) HANG SENG Hongkong 24,285.7 (23.97) (0.10) United States DJIA S&P 500 NASDAQ Commodity Prices* Price Change USD USD % Brent Crude (per bbl) Updated 55.88 0.02 0.04 WTI Crude (per bbl) Updated 53.08 (0.03) (0.06) Oma n Crude Oil 54.65 (0.40) (0.73) 1,285.28 (1.77) (0.14) Silver (per oz) 18.51 0.01 0.08 Pla tinum (per oz) 973.98 0.80 0.08 % (Last Clo sing) Gold100 OZ (per oz) D/D Asia Pacific Selected Middle East Tunis Se Index Tunis 5,645.5 43.18 0.77 EGX 30 Index Egypt 12,984.4 (11.35) (0.09) Blom Stock Index Lebanon 1,174.5 (16.98) (1.43) Source: Bloomberg, U-Capital- at 8:30AM M uscat time Copper, MT 5,628.00 (139.00) (2.41) Aluminium, MT 1,898.00 (23.00) (1.20) Lea d, MT 2,242.00 (8.00) (0.36) Zinc, MT 2,602.00 32.00 1.25 Nickel, MT 9,735.00 (105.00) (1.07) So urce: B lo o mberg, U-Capital- at 8:30A M M uscat time Cross Rate for Major Currencies* Currency Code USD/1 Unit Euro EUR 1.067 0.937 Bri ti s h Pound GBP 1.256 0.796 108.930 Ja pa nes e Yen Units/1 USD JPY 0.009 Chi nes e Renmi nbi CNH 0.146 6.871 Indi a n Rupee INR 0.016 64.294 Rus s i a n Rubl e RUB 0.018 56.608 Ca na di a n Dol l a r CAD 0.756 1.324 Aus tra l i a n Dol l a r AUD 0.758 1.318 Source : Bloomberg Note: all prices/ indices are updated till 8:30 AM M uscat time.* markets are closed on Saturday and Sunday 1 P.O.BOX 1137, PC 111 – CPO, Sultanate of Oman l CR No. 1279406 l Tel: +968 2494 9000 l Fax: +968 2494 9099 l Email: info@u-capital.net l Web: www.u-capital.net
2. U Capital Research OMAN ECONOMIC & CORPORATE NEWS Sultanate to attract RO 1.8 bn investments With an assortment of ambitious projects aimed at increasing the volume of inbound tourists, the Ministry of Tourism has announced that it aims to attract the private sector investments to the tune of RO 1.8 billion, as well as increase added value in the tourism sector to RO 1 billion within the purview of the 9th Five-Year Plan by 2020. Source: Oman Observer RO 21m tenders approved The Tender Board on Wednesday held its 3rd meeting under the chairmanship of HE Dr Rasheed bin Al Safi al Huraibi, Chairman of the Tender Board, and approved RO 21,816,075 million worth of tenders. Source: Oman Observer Salalah LPG project close to secure 75% funding Oman Oil Facilities Development Company LLC is in an advanced stage to secure 75 per cent funding for its $600 million-liquefied petroleum gas (LPG) extraction project in Salalah, a top-level official at its holding company—Oman Oil Company—said. Source: Times of Oman New 'Oman Oil & Gas Regulations' on cards Oman’s Ministry of Oil & Gas is preparing to roll out high-level regulations governing all governing all facets of upstream hydrocarbon activities in the Sultanate. The move, according to a top official of the Ministry, will support the development of a well-regulated upstream oil and gas sector in Oman — an outcome that significantly enhance the Sultanate’s investment appeal for international exploration & production (E&P) companies. Source: Zawya MIDDLE EAST ECONOMIC & CORPORATE NEWS Saudi Arabia revises $25bln Sukuk pricing Saudi Arabia has cut pricing by 10bp on both tranches of its debut US dollar Sukuk offering, according to leads. The sovereign has announced guidance of 105bp area over mid-swaps for the five-year note and 145bp area for the 10-year. That compares with initial marketing levels of plus 115bp area and plus 155bp area. The combined order books are over US$25bn. Source: Zawya UAE's National Bonds see 75% jump in regular savers in 2016 National Bonds said on Wednesday it saw a 75 per cent jump in regular savers in 2016, reflecting growing confidence in their Shariacompliant savings and investment schemes. Source: Zawya Work starts on stadium to host Qatar World Cup 2022 final Work has begun on Lusail Stadium, the 80,000-seater venue which will host the Qatar 2022 World Cup final, tournament organizers said. Allowing cameras onto the site for the very first time, officials said they hope the stadium would be completed by 2020. Source: Arabian Business Siemens says to set up global logistics HQ in Dubai Siemens has announced plans to set up its global logistics headquarters including its portfolio for airports, cargo infrastructure and ports in Dubai. The company will also target the site of Expo 2020 Dubai as the future location for this business. Source: Arabian Business GCC likely to see more rating downgrades: report GCC nations are likely to see further credit rating downgrades, after Fitch Ratings cut Saudi Arabia’s issuer default rating (IDR) from AA- to A+, Fisch Asset Management said in a report on Wednesday. Source: Argaam Kuwait's Alimtiaz raises $120 mln from HumanSoft stake sale Kuwait's Alimtiaz Investment Group has raised $120 million from the sale of a 10 percent stake in education provider HumanSoft Holding which it plans to reinvest, Chief Executive Nawaf Marefi told Reuters. Source: Reuters Abu Dhabi Financial Group plans flotation of Dh3 billion Reit this year Abu Dhabi Financial Group (ADFG), an alternative investment company with US$5 billion in assets, plans to float a real estate investment trust (Reit) by the end of the year. Source: The National UAE 2 P.O.BOX 1137, PC 111 – CPO, Sultanate of Oman l CR No. 1279406 l Tel: +968 2494 9000 l Fax: +968 2494 9099 l Email: info@u-capital.net l Web: www.u-capital.net
3. U Capital Research INTERNATIONAL ECONOMIC & CORPORATE NEWS China's economic picture brightens as trade data tops forecasts China's exports rose at the fastest pace in a little more than two years in March, climbing 16.4 percent from a year earlier in a further sign that global demand is picking up, the customs office reported Source: Reuters Berkshire cuts Wells Fargo stake, pulls Fed application Warren Buffett's Berkshire Hathaway Inc withdrew its application to the Federal Reserve to boost its ownership stake in Wells Fargo & Co above 10 percent, and is instead selling 9 million shares to keep it below that threshold. Source: Reuters COMMODITIES NEWS OPEC sees rivals' oil output rising as it over-delivers on cuts OPEC cut oil output in March by more than pledged under a supply reduction deal and said oil inventories had fallen in February, suggesting that its effort to clear a supply glut that has weighed on world oil prices is succeeding. Source: Reuters U.S. Shale Investment Is Back on the Upswing Global upstream oil and gas merger and acquisitions reached $136 billion in 2016, according to Evaluate Energy's global M&A 2016 review. And one area seeing a jump in activity was the U.S. Marcellus shale, where close to eight times more was invested in asset and corporate acquisitions in 2016 than in 2015. Source: Bloomberg 3 P.O.BOX 1137, PC 111 – CPO, Sultanate of Oman l CR No. 1279406 l Tel: +968 2494 9000 l Fax: +968 2494 9099 l Email: info@u-capital.net l Web: www.u-capital.net
4. U Capital Research Net Profit (Loss) OMR' 000 1Q'16 1Q'17 YoY SALALAH PORT SERVICES AL ANWAR CERAMIC TILES PACKAGING CO. LTD VOLTAMP ENERGY ALMAHA CERAMICS NATIONAL BISCUIT INDUSTRIES GULF MUSHROOM PRODUCTS PORT SERVICES CORPORATION UBAR HOTELS and RESORTS NATIONAL MINERAL WATER GULF INVESTMENT SERVICES MAJAN GLASS OMANI EURO FOODS INDUSTRIES DHOFAR TOURISM OMAN CHROMITE SHELL OMAN MARKETING AL KAMIL POWER NAT. PHARMACEUTICAL IND OMAN PACKAGING AL BATINAH HOTELS NATIONAL DETERGENT OMAN CERAMIC COMPANY AL JAZEERA SERVICES GULF HOTELS (OMAN) MUSCAT THREAD MILLS SWEETS OF OMAN UNITED FINANCE OMAN TEXTILE HOLDING AL MADINA TAKAFUL AL OMANIYA FINANCIAL SER. SMN POWER HOLDING AL BATINAH DEV. INV. HOLDING RENAISSANCE SERVICES OMAN REFRESHMENT DHOFAR CATTLE FEED AL SHARQIA INVESTMENT HOLDING COMPUTER STATIONERY IND. OMAN CEMENT BANK MUSCAT 1,567 1,149 275 670 632 265 154 812 344 (3) 437 (241) (11) (146) (27) 4,024 730 328 304 64 399 61 537 805 (6) 53 1,152 (119) 463 1,403 1,986 124 451 1,711 (126) 923 91 3,843 43,750 (1,020) 549 341 733 486 253 113 542 316 (221) (64) (264) 12 (109) 102 3,048 4 345 296 (115) 321 43 363 653 61 (179) 757 (68) 786 1,329 (1,091) 41 (2,568) 1,429 (238) 358 66 2,212 44,230 -165% -52% 24% 9% -23% -5% -27% -33% -8% Total 68,829 53,854 -22% -115% -24% -99% 5% -3% -281% -19% -29% -32% -19% -435% -34% 70% -5% -155% -67% -669% -16% -61% -28% -42% 1% Source: MSM 4 P.O.BOX 1137, PC 111 – CPO, Sultanate of Oman l CR No. 1279406 l Tel: +968 2494 9000 l Fax: +968 2494 9099 l Email: info@u-capital.net l Web: www.u-capital.net
5. U Capital Research Ubhar Capital SAOC (U Capital) Website: www.u-capital.net PO Box 1137 PC 111, Sultanate of Oman Tel: +968 2494 9000 Fax: +968 2494 9099 Email: research@u-capital.net Disclaimer: This report has been prepared by research department in Ubhar Capital SAOC (U Capital), and is provided for information purposes only. Under no circumstances is to be used or considered as an offer to sell or solicitation of any offer to buy. While all reasonable care has been taken to ensure that the information contained therein is not untrue or misleading at the time of publication, we make no representation as to its accuracy or completeness and it should not be relied upon as such, and the bank accepts no responsibility whatsoever for any direct or indirect consequential loss arising from any use of this report or its contents. All opinions and estimates included in this document constitute U Capital’s Research department judgment as of the date of production of this report, and are subject to change without notice. This report may not be reproduced, distributed or published by any recipient for any purpose. 5 P.O.BOX 1137, PC 111 – CPO, Sultanate of Oman l CR No. 1279406 l Tel: +968 2494 9000 l Fax: +968 2494 9099 l Email: info@u-capital.net l Web: www.u-capital.net