MENA Daily Morning Brief - 2 March

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch March 02, 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 476 2,433 146 216 110 110 77 21 12 120 9,138 10,210 5,663 5,686 6,845 2,552 1,472 3,622 0.1 -0.1 0.6 0.6 0.6 0.4 0.3 0.1 -0.1 0.6 0.6 0.6 0.4 0.3 5.1 5.7 5.2 7.2 -2.2 5.4 12.2 7.2 2.5 4.5 2.5 8.2 2.4 -7.4 -1.2 2.3 -1.0 -10.3 5.9 8.0 0.1 5.1 -4.7 4.6 -7.7 15 23 18 16 22 22 12 9 9 50,812 34,093 2,674 6,679 2,784 3,902 6,589 1,902 2.1 2.4 1.6 2.0 2.1 2.4 1.6 2.0 3.5 3.9 2.0 5.4 10.0 13.2 -2.3 3.7 11.7 14.4 1.5 6.8 28 29 19 19 8,041 6,501 1,286 1,362 3,723 49,850 1.7 1.2 1.5 1.7 1.2 1.5 5.5 2.3 4.4 4.8 3.0 13.6 11.8 4.5 15.2 20 16 31 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 3,504 206 118 74 14 2,814 Kuw ait 167 166 70 39 57 155 UA E 311 122 21 29 72 272 Q atar 89 46 28 17 1 73 Bahrain 2 44 19 1 24 2 O man 2 121 17 7 97 4 T otal 4 ,0 7 5 705 273 167 265 3 ,3 2 0 Yield Curve & CDS Watch LIBOR (In %) US Treasuries (In %) Blue Chip Watch C ompanies M .C ap (U S D Bn) Saudi A r abia S audi A ramco 1,840 S A BIC 83 S audi Telecom 62 A l-Rajhi Bank 58 NC B 39 United A r ab Emirates E TIS ALAT 48 FAB 44 43 TA QA 23 Intl. H olding C o. E mirates N BD 19 Kuwait 19 N BK 18 KF H 9 Zain 6 Bouby an Bank 5 A gility Q atar 43 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 12 10 9 C lose P rice C hange % M TD % YTD % 3-Yr 5-Yr C A GR C A GR P /E TTM 35 104 116 87 48 0.1 0.8 -1.5 -2.3 2.2 0.1 0.8 -1.5 -2.3 2.2 -1.4 2.8 9.1 18.6 11.4 -0.1 15.1 22.0 7.2 6.9 11.4 20.8 11.6 33 21 21 13 20 15 1 47 11 0.1 -0.3 - 0.1 -0.3 - 20.5 13.6 -3.5 11.7 8.3 6.0 8.1 20.7 222.4 9.3 2.4 11.4 25.3 116.0 9.6 20 16 40 39 11 834 723 629 565 678 1.1 0.1 0.3 2.4 2.7 1.1 0.1 0.3 2.4 2.7 -0.7 6.8 3.8 -0.5 0.3 7.8 17.7 9.7 13.3 6.6 8.1 18.0 10.9 13.9 20.0 26 38 15 59 23 17 0.7 0.7 -4.1 12.2 6.2 14 12 2 16 4 2.0 0.6 2.2 -0.7 2.0 0.6 2.2 -0.7 8.6 -11.1 -6.8 -3.5 4.3 19.5 18.2 5.2 1.9 -0.5 10.0 4.3 36 13 15 KIBOR Yield Curve (%) 5-year CDS Spread C ountry S audi Real E state C o Yamama C ement C o A bu Dhabi N ational O il C o Q atar A luminum M anufacturing C o A l A hli Bank of Kuw ait Top 5 Losers *  C ompanies S harjah Islamic Bank Bank A lbilad O oredoo A rabian C ement C ompany Yanbu C ement C ompany C ountry KS A KS A UA E Q atar Kuw ait 2020 65.4 41.6 110.9 39.2 42.6 231.5 254.3 - 67.4 39.6 113.8 38.2 38.6 217.5 254.3 - KS A A bu-Dhabi Dubai Kuw ait Q atar O man Bahrain Lebanon High Low 232.4 155.0 324.6 84.0 181.0 637.0 508.5 13,893.4 60.4 37.4 102.6 38.9 37.3 208.0 171.6 9,664.6 Interest Rate Watch Deposit Rate 3M Rate % S pread % U .S . 0.1 Kuw ait 1.4 KS A ** 0.5 UA E 0.1 Q atar 0.6 O man 2.2 Bahrain 1.1 E uro Region -0.6 Last F O MC M eeting Date: Jan 26/27  C ompanies 52-Week C urrent M . C ap C hange (U S D Bn) % 1.1 9.9% 1.8 8.2% 14.6 4.4% 1.8 4.3% 1.1 3.6% M TD % 9.9% 8.2% 4.4% 4.3% 3.6% YTD % 12.7% 14.0% 14.4% 18.8% -3.3% M . C ap C hange (U S D Bn) % M TD % YTD % P r ecious M etals -5.6% -4.3% -4.3% -3.9% -3.8% 1.5% 9.9% -2.0% 10.7% 10.0% 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 1.3 0.5 -0.0 0.5 2.1 1.1 -0.6 5YR Rate 10YR Rate 0.7 1.4 0.8 2.6 0.8 2.4 0.5 1.6 3.1 2.0 3.2 5.0 3.5 5.2 -0.6 -0.3 N ext F O MC M t Date: M ar 16/17 Commodity Watch C ountry UA E KS A Q atar KS A KS A 1.1 6.2 6.5 1.1 1.9 -5.6% -4.3% -4.3% -3.9% -3.8% 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 C lose P rice C hange % M TD % YTD % High 52-Week Low 1,723.1 26.5 63.7 49,629.3 -0.6 -0.5 -3.7 9.7 -0.6 -0.5 -3.7 9.7 -9.1 0.5 23.0 71.2 2,063.2 29.2 67.0 57,492.9 1,469.8 12.0 19.3 4,841.7 1.2 106.8 0.3 6.5 23.4 -0.2 0.2 -0.1 -16.5 -0.2 0.2 0.0 -0.1 -16.5 -1.4 3.4 -0.4 -0.9 2.6 1.2 111.2 0.3 7.2 82.7 1.1 102.3 0.3 6.4 20.0  ADQ, the third-largest sovereign fund in Abu Dhabi, has $110 billion in assets under management, most of them domestic – Global SWF  U.S. Senate will start debating President Joe Biden’s $1.9 trillion coronavirus relief bill this week after Democrats backed down on minimum wage increase – Reuters  Saudi Arabia leads the IPO market in MENA with $1.45bn raised on Tadawul in 2020 - Mubasher  Oil storage capacity has improved with the volume of refined products held on stationary tankers for over 10 days at 19.2 million barrels, down 77% from a peak of 84 million last May – 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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