MENA Daily Morning Brief - 16 December

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 1,890 Saudi Aramco SABIC 79 Saudi Telecom 56 49 Al-Rajhi Bank NCB 34 United Arab Emirates 44 TAQA 41 ETISALAT 40 FAB 20 Intl. Holding Co. 18 Emirates NBD Kuwait 19 NBK 17 KFH 9 Zain 6 Boubyan Bank 5 Agility Qatar 46 Qatar National Bank Industries Qatar 18 13 Ezdan Holding 11 Qatar Islamic Bank Masraf Al Rayan 9 MTD % YTD 3-Yr 5-Yr P/E % CAGR CAGR TTM 452 2,446 151 200 108 108 73 21 11 114 8,659 10,481 5,133 5,599 6,740 2,531 1,493 3,608 0.0 0.0 0.0 -0.4 0.5 0.5 -1.0 -0.1 0.3 0.6 -1.0 2.1 3.4 2.6 2.6 4.6 1.1 -1.0 -1.8 5.4 3.2 6.9 0.5 8.5 1.1 5.7 -10.9 5.1 -7.1 8.8 -8.5 -9.1 -7.3 5.7 -9.4 -10.8 3.6 4.2 1.1 4.4 -3.8 4.5 -7.6 15 20 17 15 20 20 9 9 9 49,095 32,044 2,522 6,396 2,644 3,695 6,513 1,782 0.9 1.3 -0.3 -0.5 2.3 2.0 3.9 1.5 12.1 8.2 14.4 11.4 -13.6 -4.6 3.5 -0.2 10.1 13.0 1.5 3.0 28 28 17 20 7,116 6,067 1,209 1,250 3,530 46,263 0.0 -0.1 0.0 3.7 -0.7 4.8 12.2 10.4 12.1 9.6 -1.2 12.6 20 15 29 3.8 1.1 11.4 Close Price- Change % MTD % YTD % 3-Yr CAGR 5-Yr CAGR P/E TTM 35 99 106 73 43 0.1 1.3 -0.2 -0.7 0.6 -1.5 2.4 -1.9 -2.3 1.3 0.6 5.6 3.9 11.8 -13.1 -0.7 15.8 20.6 8.5 2.3 9.5 16.0 4.1 34 20 19 11 1 17 13 41 11 -4.0 -0.3 -0.7 -2.3 -3.4 -0.7 5.9 1.5 -2.7 176.4 5.1 -11.9 556.5 -18.1 33.9 0.2 9.4 200.5 10.7 25.6 1.7 11.4 103.8 8.9 17 15 34 9 842 681 611 574 682 0.2 0.4 0.5 0.9 0.6 0.2 0.1 5.2 -2.4 6.1 -17.4 -7.6 1.8 -6.0 -4.1 10.5 16.0 12.2 18.4 9.3 6.3 14.4 12.4 12.3 18.9 23 32 14 47 23 18 11 2 17 4 -0.6 0.5 -0.7 0.1 -0.4 2.8 11.1 2.1 3.5 -11.6 7.0 192.5 11.0 11.6 13.5 5.0 16.4 22.1 7.1 7.8 1.7 3.7 9.6 4.8 14 45 14 15 Companies Herfy Food Services Company Commercial Bank of Kuwait Mabanee Company United Electronics Company Bank Muscat Country KSA Kuwait Kuwait KSA Oman M. Cap Change (USD Bn) % 1.0 3.4% 3.4 3.0% 2.5 2.7% 1.3 2.1% 3.4 2.1% MTD % 2.6% 3.0% 9.0% 4.6% 2.6% YTD % 11.7% -2.6% -20.4% 34.1% -3.7% M. Cap Change (USD Bn) % MTD % YTD % 3,180 206 117 69 20 3,242 Kuwait 125 166 61 37 68 277 UAE 160 122 21 30 71 211 Qatar 68 46 15 24 7 98 Bahrain 4 44 15 5 24 2 Oman 2 121 5 13 103 4 Total 3,538 705 234 178 293 3,834 Yield Curve & CDS Watch LIBOR (In %) TAQA Emaar Properties Emirates NBD Bank Riyad Bank Aamal Company -3.4% 11.3% -2.7% -3.5% 0.6% 176.4% -11.9% -18.1% -16.3% 5.2% US Treasuries (In %) KIBOR Yield Curve (%) 5-year CDS Spread Country 52-Week Current 2019 67.4 38.6 113.8 38.3 38.6 214.5 254.3 - 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 232.4 155.0 324.6 84.0 181.0 637.0 508.5 13,893.4 58.5 34.6 90.6 34.3 36.5 199.0 158.5 2,985.4 Interest Rate Watch Deposit Rate 3M Rate % Spread % 5YR Rate 10YR Rate U.S. 0.1 0.4 Kuwait 1.1 1.0 0.5 KSA** 0.5 0.4 0.8 UAE 0.1 0.0 0.6 Qatar 0.1 0.0 1.8 Oman 2.2 2.1 3.9 Bahrain 2.0 1.9 3.9 Euro Region -0.6 -0.6 -0.8 Last FOMC Meeting Date: Nov 04/05 Next FOMC Mt Date: Dec 0.9 2.6 2.1 1.3 1.7 5.4 4.7 -0.6 15/16 Commodity Watch Top 5 Losers*  Companies Value Traded Listed ADTV – 1M Advances Declines Unchanged (USD mn) companies (USD mn) Saudi Arabia Top 5 Gainers*  Companies December 16, 2020 Country UAE UAE UAE KSA Qatar 44.1 6.9 18.3 16.1 1.5 -4.0% -2.7% -2.3% -2.2% -2.2% Precious Metals 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 Close Price 1,853.5 24.5 50.8 19,434.9 Change % 1.4 2.8 0.9 0.8 MTD % 4.3 8.3 6.7 -1.3 1.2 103.7 0.3 6.5 22.9 0.1 -0.4 -0.1 -0.1 -7.4 1.9 -0.6 -0.1 -0.6 11.3 52-Week YTD % High Low 22.2 2,063.2 1,469.8 37.3 29.2 12.0 -23.1 68.9 19.3 171.1 19,700.2 4,841.7 8.4 -4.6 0.6 -6.1 66.1 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.5 12.1  Saudi Arabia announced a SAR 990 billion (USD 263.91 billion) budget for 2021, around 7% less than estimated spending for this year, as it seeks to tame a huge deficit caused by lower oil revenues. – Zawya  U.S. manufacturing output increased by 0.8% in November, boosted by motor vehicle production, according to the Federal Reserve. - Reuters  Kuwait’s Emir Sheikh Nawaf al-Ahmad al-Sabah told the new parliament that comprehensive reform was needed to exit the country’s worst economic crisis in decades. – Zawya  MSCI Inc will cut seven Chinese firms from some of its global indexes following U.S. restrictions on owning the companies. – 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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