MENA Daily Morning Brief - 11 March

Transcription

1. Research @Markaz.com Daily Morning Brief Equity Watch GCC Markets S&P GCC Composite Saudi (TASI) Qatar(QE Index) Abu Dhabi (ADI) Kuwait All Share Index (PR) Kuwait All Share Index (TR) Dubai (DFMGI) Bahrain (BAX) Oman(Muscat SM) Developed markets MSCI World Index U.S. (S&P 500) U.K. (FTSE) Japan (Topix) Emerging markets MSCI EM Index China (Shanghai Indx.) India (Sensex) Blue Chip Watch Companies Value Traded & Advances/Decline Ratio M. Cap Close Change (USD Bn) Price % Indicators M.Cap (USD Bn) Saudi Arabia 1,660 Saudi Aramco SABIC 56 Saudi Telecom 43 38 Al-Rajhi Bank NCB 29 United Arab Emirates 36 FAB 33 ETISALAT 17 Emirates NBD 13 DP World 11 ADCB Kuwait 17 NBK 14 KFH 6 Zain 5 Boubyan Bank 3 Commercial Bk Kwt Qatar 44 Qatar National Bank Industries Qatar 12 9 Qatar Islamic Bank 8 Masraf Al Rayan Mesaieed Petro 5 MTD % YTD 3-Yr 5-Yr P/E % CAGR CAGR TTM Companies 92 6,762 8,433 4,263 4,854 5,609 2,231 1,493 3,798 5.4 7.1 3.3 5.5 0.1 0.1 7.3 1.5 0.7 -13.3 -11.4 -11.1 -13.0 -20.1 -20.1 -13.9 -10.1 -8.1 -20.4 -2.0 -19.4 -0.4 -19.1 -7.0 -16.0 -1.3 -22.7 -1.4 -22.7 1.9 -19.3 -13.8 -7.3 3.0 -4.6 -12.9 -5.8 -6.9 -6.9 -1.0 -9.7 0.1 -9.9 15 15 12 11 12 12 6 11 8 Saudi Arabia Kuwait UAE Qatar Bahrain Oman 2,084 274 179 122 5 6 206 164 132 46 44 121 12 8 12 1 14 7 189 132 68 44 18 45 5 24 52 1 12 69 1,155 131 107 67 3 6 Total 2,671 713 54 496 163 1,468 44,346 23,965 2,089 5,248 2,052 2,882 5,960 1,407 2.8 4.9 -0.1 1.3 -4.2 -2.4 -9.4 -6.9 -13.0 -10.8 -21.0 -18.3 3.6 6.7 -6.7 -3.7 3.6 7.0 -2.4 -2.1 20 19 14 12 Yield Curve & CDS Watch 5,932 4,982 897 965 3,140 35,635 1.8 1.8 - -4.1 4.0 -7.0 -13.5 -1.7 -13.6 1.4 -2.3 7.2 0.5 -2.3 4.6 15 13 19 Close Price Change % MTD % YTD % 3-Yr CAGR 5-Yr CAGR P/E TTM 31 70 82 57 36 9.9 8.4 7.5 8.8 2.9 -6.6 -11.7 -1.2 -8.4 -18.7 -11.6 -26.0 -19.8 -13.3 -26.9 -10.1 7.5 11.5 11.1 -5.8 3.9 6.5 -4.2 17 37 15 14 9 12 14 10 16 6 7.1 2.5 3.2 8.0 -16.2 -12.5 -23.3 -3.4 -18.7 -20.8 -15.5 -26.0 19.8 -26.8 5.6 -8.0 6.8 -10.6 -7.3 -0.1 4.2 2.1 -4.7 -3.4 11 14 4 10 8 790 614 450 500 500 1.3 0.5 4.2 - -22.0 -22.7 -19.6 -21.5 - -26.2 -24.3 -25.0 -22.0 -5.5 7.8 10.2 -1.8 13.5 14.8 3.0 4.9 -2.9 9.0 2.0 13 17 9 24 - 18 7 14 4 2 6.3 -0.2 0.3 7.0 3.2 -7.1 -22.9 -13.5 -4.2 -13.1 -15.0 -32.6 -11.9 -1.5 -38.7 5.6 -15.3 9.8 -1.8 1.3 3.0 -13.5 6.1 -3.5 -11.0 11 16 11 13 16 Companies National Bank of Ras Al Khaimah PSC Aramex PJSC Aldar Properties PJSC Air Arabia PJSC Dubai Islamic Bank PJSC LIBOR (In %) Country UAE UAE UAE UAE UAE US Treasuries (In %) KIBOR Yield Curve (%) 5-year CDS Spread Country 52-Week Current 2019 95.1 58.7 136.0 59.0 60.7 438.0 175.2 - 58.5 34.8 91.0 44.9 36.8 266.0 167.1 3,065.7 KSA Abu-Dhabi Dubai Kuwait Qatar Oman Bahrain Lebanon High Low 96.1 62.7 148.5 64.2 76.4 484.5 299.1 13,893.4 58.5 34.6 90.6 30.4 36.5 199.0 158.5 738.9 Interest Rate Watch Deposit Rate 3M Rate % Spread % U.S. 0.6 Kuwait 2.5 KSA** 1.1 UAE 1.2 Qatar 1.4 Oman 2.3 Bahrain 1.7 Euro Region -0.6 Last FOMC Meeting Date: Jan 28/29 M. Cap Change MTD YTD (USD Bn) % % % 2.1 15.0% -0.9% -2.9% 1.1 14.9% -12.0% -19.9% 4.2 14.0% -7.5% -9.3% 1.6 13.0% -12.9% -24.2% 9.7 10.4% -9.3% -11.1% Top 5 Losers*  1.9 0.5 0.6 0.8 1.7 1.1 -1.1 5YR Rate 10YR Rate 0.6 1.5 2.1 1.4 2.2 5.4 4.4 -0.9 Next FOMC Mt Date: Mar 0.7 2.4 2.8 1.9 2.2 7.1 5.7 -0.8 17/18 Commodity Watch Companies Country National Mobile Telecom Co KSCP Ahli Bank QPSC Emirates Islamic Bank PJSC Burgan Bank KPSC Qatar International Islamic Bank QPSC Kuwait Qatar UAE Kuwait Qatar M. Cap Change (USD Bn) % 1.1 2.0 13.3 1.7 3.2 -12.9% -10.0% -9.9% -7.4% -6.4% MTD % YTD % Precious Metals -13.6% -10.9% -9.9% -31.5% -10.6% -20.3% -10.9% -9.9% -34.2% -21.5% Gold $/oz Silver $/oz IPE Brent $/bbl Bitcoin/USD Currency Watch USD (1 EUR =) Yen (1 USD =) KWD (1 USD =) CNY (1 EUR =) CBOE 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  Value Traded Listed ADTV – 1M Advances Declines Unchanged (USD mn) companies (USD mn) 333 2,074 118 123 92 92 66 25 12 Top 5 Gainers*   March 11, 2020 Asian shares and Wall Street futures fell on Wednesday as growing skepticism about Washington's stimulus package to fight the coronavirus outbreak knocked the steam out of an earlier rally.– Reuters Amidst the mounting impact of the coronavirus on the global travel and tourism industry, UAE hotel occupancy dropped to 67 percent for February, a fall of 22 percent over the same period last year – Zawya   Close Price 1,649.1 16.9 37.2 7,885.9 Change % -1.8 -0.6 8.3 -0.6 MTD % 4.1 1.2 -26.3 -7.5 52-Week YTD % High Low 8.7 1,679.6 1,270.3 -5.4 19.6 14.3 -43.6 74.5 33.3 10.0 12,921.3 3,854.8 1.1 105.6 0.3 7.0 47.3 -1.5 3.2 0.3 0.1 -13.1 2.3 -2.3 -0.0 -0.5 17.9 0.6 -2.7 0.9 -0.1 243.3 1.1 112.2 0.3 7.2 54.5 1.1 102.3 0.3 6.7 11.5 Moody's has downgraded the long-term local and foreign currency deposit ratings of five Omani banks, following the rating agency’s downgrade of the government of Oman’s issuer rating to Ba2 – Moody’s Leading U.S. airlines American and Delta suspended 2020 financial forecasts and took drastic further measures to combat the impact of the coronavirus – Reuters 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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