MENA Daily Morning Brief - 2 June

Transcription

1. Research @Markaz.com Daily Morning Brief Equity Watch Indicators 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 M.Cap (USD Bn) Saudi Arabia Saudi Aramco 1,753 70 SABIC Saudi Telecom 53 39 Al-Rajhi Bank NCB 33 United Arab Emirates 38 ETISALAT 33 FAB 15 Emirates NBD 14 Intl. Holding Co. 13 DP World Kuwait 17 NBK 15 KFH 7 Zain 5 Boubyan Bank 4 Agility Qatar 44 Qatar National Bank Industries Qatar 13 10 Qatar Islamic Bank 8 Masraf Al Rayan Mesaieed Petro 7 June 02, 2020 Value Traded & Advances/Decline Ratio M. Cap Close Change (USD Bn) Price % MTD % YTD 3-Yr 5-Yr P/E % CAGR CAGR TTM 369 2,220 128 128 94 94 59 21 11 97 7,289 9,020 4,171 5,007 5,991 1,974 1,270 3,535 1.2 1.1 2.0 0.7 0.2 0.2 1.5 0.0 -0.3 1.2 1.1 2.0 0.7 0.2 0.2 1.5 0.0 -0.3 -16.4 -13.1 -13.5 -17.8 -20.3 -17.4 -28.6 -21.1 -11.2 -0.0 -4.9 2.0 -5.5 -3.2 -5.7 -2.3 -1.9 0.8 4.5 -16.2 -13.3 -1.4 -1.5 -13.4 -11.4 15 18 14 11 12 12 5 9 8 38,766 26,585 2,084 5,556 2,164 3,056 6,166 1,569 0.7 0.4 1.5 0.3 0.7 0.4 1.5 0.3 -8.2 3.8 -5.4 7.8 -18.2 -6.5 -8.9 -0.9 4.0 7.8 -2.1 -1.3 18 2 16 15 5,212 4,761 861 951 3,056 33,304 2.3 2.2 2.7 2.3 2.2 2.7 -14.6 -2.1 -4.4 -2.1 -19.3 2.1 -0.8 -10.0 4.4 13 13 19 YTD % 3-Yr CAGR 5-Yr CAGR P/E TTM 33 88 100 58 41 -0.3 2.6 0.5 0.7 2.1 -0.3 2.6 0.5 0.7 2.1 -6.7 -6.3 -1.8 -11.2 -17.1 -3.4 13.3 13.0 13.8 -3.2 8.0 6.0 -1.8 21 219 18 15 11 16 11 9 29 16 1.1 0.4 2.8 3.6 0.9 1.1 0.4 2.8 3.6 0.9 -2.8 -26.3 -32.3 367.7 23.5 -3.1 1.5 3.9 165.5 -11.2 6.8 0.8 -1.1 87.0 -5.4 16 11 4 89 11 770 616 531 509 664 -0.1 0.2 0.2 0.6 -0.1 0.2 0.2 0.6 -24.4 -16.4 -11.5 -16.6 -18.8 9.2 18.9 7.7 14.7 8.9 3.7 9.2 3.6 9.7 6.2 13 17 11 26 13 17 8 15 4 2 2.0 2.6 1.1 0.7 2.0 2.0 2.6 1.1 0.7 2.0 -15.1 -22.2 0.5 -1.3 -18.3 6.2 -8.4 14.0 -4.5 13.1 3.6 -10.5 7.6 -3.4 -3.8 11 23 13 13 27 Dana Gas Abu Dhabi National Energy Company Qatar Insurance Company Arabian Centres Company Saudi Ground Services Co 17 10 57 49 58 88 UAE 105 132 33 27 72 111 Qatar 137 46 32 11 3 70 2 44 20 6 18 3 Oman 2 121 15 11 95 2 Total 2,102 713 336 121 256 1,491 US Treasuries (In %) KIBOR Yield Curve (%) 2019 139.4 94.6 225.4 84.0 94.6 315.5 431.3 - 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 UAE UAE Qatar KSA KSA 1.2 1.1 1.8 2.7 1.4 -3.7% -3.6% -3.6% -2.7% -1.9% 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 30.4 36.5 199.0 158.5 836.2 Interest Rate Watch Deposit Rate 3M Rate % Spread % U.S. 0.1 Kuwait 1.2 KSA** 1.1 UAE 0.1 Qatar 0.1 Oman 2.3 Bahrain 1.9 Euro Region -0.5 Last FOMC Meeting Date: Apr 28/29 M. Cap Change MTD YTD (USD Bn) % % % 6.1 10.0% 10.0% -2.7% 14.4 7.1% 7.1% 9.1% 2.1 6.0% 6.0% -32.3% 12.3 5.3% 5.3% -15.2% 4.3 4.6% 4.6% -17.7% M. Cap Change (USD Bn) % 52-Week Current 1.1 1.0 0.0 -0.0 2.2 1.8 -0.6 Commodity Watch Country 1,217 Bahrain Country Top 5 Losers*  Companies 179 164 5-year CDS Spread Top 5 Gainers*  Qatar KSA KSA KSA Qatar 206 78 LIBOR (In %) MTD % Ooredoo Almarai Company Dar Al Arkan Real Estate Development Saudi Arabian Mining Company Commercial Bank 1,777 Kuwait Yield Curve & CDS Watch Change % Country Value Traded Listed ADTV – 1M Advances Declines Unchanged (USD mn) companies (USD mn) Saudi Arabia Close Price Companies Companies MTD % YTD % -3.7% -3.6% -3.6% -2.7% -1.9% -35.3% 27.6% -35.9% -26.3% -19.9% Precious Metals 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 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 5YR Rate 10YR Rate 0.3 0.7 1.3 2.6 1.8 2.8 1.4 2.0 2.4 2.4 7.4 8.4 4.4 6.4 -0.6 -0.4 Next FOMC Mt Date: Jun 9/10 52-Week Close Price 1,740.0 18.3 38.3 10,203 Change % 0.8 2.4 8.5 8.0 MTD % 0.8 2.4 8.5 8.0 YTD % 14.7 2.5 -41.9 42.3 High Low 1,749.0 19.6 68.7 12,921 1,326.7 12.0 19.5 4,841.7 1.1 107.6 0.3 7.1 28.2 0.3 -0.2 -0.1 -0.1 2.6 0.3 -0.2 -0.1 -0.1 2.6 -0.7 -0.9 1.6 2.3 104.9 1.1 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.8 11.5 ➢ GCC currency pegs will maintain their pegged currencies despite a fall in oil prices. – S&P ➢ U.S Index of national factory activity rose to a reading of 43.1 last month from 41.5 in April, which was the lowest level since April 2009– Institute for Supply Management ➢ Saudi Arabian Monetary Authority has provided USD 13.3 billion to support liquidity in the banking sector, after consumer spending collapsed in April because of the coronavirus pandemic. – Reuters ➢ Japan’s tax revenue dropped 29.4% in April y-o-y, its biggest monthly decline since August 2009, after the payment deadline was pushed back due to COVID-19. - 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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