MENA Daily Morning Brief - 21 April

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) Value Traded & Advances/Decline Ratio M. Cap Close Change (USD Bn) Price % MTD % YTD 3-Yr 5-Yr P/E % CAGR CAGR TTM 338 2,018 118 119 89 89 56 22 11 89 6,601 8,445 3,969 4,798 5,686 1,888 1,319 3,484 -1.5 -1.2 -2.0 -2.8 -0.3 -0.2 -1.4 -0.1 -0.5 2.2 1.5 2.9 6.3 -0.5 0.5 6.6 -2.3 1.0 -23.2 -21.3 -19.0 -21.8 -23.6 -21.6 -31.7 -18.1 -12.5 34,986 25,154 1,939 5,101 1,994 2,823 5,813 1,432 -1.2 -1.8 0.4 -0.7 7.6 9.2 2.5 2.1 -15.5 2.7 -12.6 6.3 -22.9 -6.5 -16.8 -1.3 2.2 6.0 -3.8 -2.5 16 20 14 13 4,774 4,685 790 899 2,990 31,648 -0.2 0.5 0.2 6.0 3.7 7.4 -19.3 -2.2 -6.5 -3.5 -23.3 2.5 -3.1 -8.4 2.7 11 12 17 -3.0 -6.5 -1.5 -7.2 -6.2 -6.9 -4.3 -3.0 -0.9 2.5 -18.4 -14.3 -0.4 -1.2 -14.0 -11.3 15 15 12 10 12 12 5 10 7 MTD % YTD % 3-Yr CAGR 5-Yr CAGR P/E TTM 30 74 91 52 35 -0.5 -3.3 -0.8 -2.1 -0.3 -0.5 5.3 3.5 -3.0 0.9 -14.9 -21.5 -11.0 -20.2 -28.9 -8.8 9.8 8.1 11.1 -5.3 5.7 5.1 -5.1 18 40 17 13 9 15 11 8 16 22 -1.5 -4.7 -0.6 -4.4 3.4 14.4 14.8 3.3 49.1 -11.4 -27.2 -36.2 18.3 246.8 -6.4 0.4 2.1 -10.1 138.2 5.2 -1.2 -2.7 -7.8 81.3 15 10 3 11 76 730 650 489 476 563 -1.1 0.3 -0.6 -0.4 0.5 1.4 2.8 -5.2 -2.2 -1.1 -28.4 -19.9 -18.5 -22.0 -31.2 7.5 15.5 2.8 12.1 9.1 2.1 7.0 -0.2 7.9 2.2 13 18 10 24 11 17 7 15 4 2 -4.2 -3.0 -2.3 -0.1 -4.0 0.9 3.1 2.3 21.4 -17.7 -35.3 -3.5 -5.5 -29.4 4.7 -15.1 14.0 -3.7 6.4 3.0 -14.2 7.6 -5.2 -7.5 11 16 12 13 19 Company for Cooperative Insurance Qatar International Islamic Bank Al Khalij Commercial Bank Human Soft Holding Company Bank of Bahrain and Kuwait KSA Qatar Qatar Kuwait Bahrain First Abu Dhabi Bank Qatar Insurance Company International Holding Company Qatar National Bank Barwa Real Estate Company UAE Qatar UAE Qatar Qatar 32.8 1.8 10.7 42.7 2.8 MTD % -4.7% 14.4% -4.6% -1.4% -4.4% 49.1% -4.2% 0.9% -4.1% -11.6% 206 119 81 6 1,174 86 164 41 90 33 128 UAE 85 132 52 35 45 112 Qatar 97 46 36 8 2 70 Bahrain 1 44 21 9 14 2 Oman 1 121 21 31 69 10 Total 1,181 713 290 254 169 1,496 US Treasuries (In %) Country 52-Week Current 2019 163.9 129.0 298.1 84.0 133.3 389.5 487.6 - 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 84.0 181.0 637.0 501.6 13,893.4 58.5 34.6 90.6 30.4 36.5 199.0 158.5 769.5 Interest Rate Watch Deposit Rate 3M Rate % Spread % U.S. 0.8 Kuwait 1.2 KSA** 2.2 UAE 0.8 Qatar 0.7 Oman 2.3 Bahrain 1.8 Euro Region -0.4 Last FOMC Meeting Date: Mar 15 M. Cap Change MTD YTD (USD Bn) % % % 2.2 4.7% 11.1% -12.3% 3.4 2.0% 12.9% -15.3% 1.2 1.9% 2.4% -4.1% 1.0 1.6% 10.7% -13.6% 1.9 1.5% 6.2% -2.7% M. Cap Change (USD Bn) % 911 Kuwait 5-year CDS Spread Top 5 Losers*  Country Saudi Arabia KIBOR Yield Curve (%) Top 5 Gainers*  Country Value Traded Listed ADTV – 1M Advances Declines Unchanged (USD mn) companies (USD mn) LIBOR (In %) Change % Companies Companies Yield Curve & CDS Watch Close Price Saudi Arabia Saudi Aramco 1,598 59 SABIC Saudi Telecom 48 35 Al-Rajhi Bank NCB 28 United Arab Emirates 34 ETISALAT 33 FAB 14 Emirates NBD 13 DP World 11 Intl. Holding Co. Kuwait 16 NBK 15 KFH 7 Zain 5 Boubyan Bank 3 Agility Qatar 43 Qatar National Bank Industries Qatar 11 10 Qatar Islamic Bank 8 Masraf Al Rayan Mesaieed Petro 6 Companies April 21, 2020 0.4 1.4 0.0 -0.1 1.5 1.0 -1.1 Commodity Watch YTD % Precious Metals -27.2% -34.8% 246.8% -17.7% -25.1% 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 0.6 1.9 2.6 3.1 3.5 2.0 2.6 2.8 3.0 10.2 10.5 4.4 7.5 -0.6 -0.5 Next FOMC Mt Date: Apr 28/29 52-Week Close Price 1,692.9 15.4 25.6 6,841.0 Change % 0.5 1.6 -8.9 -4.0 MTD % 7.8 10.0 12.4 6.5 YTD % 11.6 -13.8 -61.3 -4.6 High Low 1,727.7 19.6 74.5 12,921 1,270.3 12.0 22.7 4,841.7 1.1 107.6 0.3 7.1 1.1 -0.1 0.1 -0.2 0.0 -0.1 -1.5 0.1 -0.8 -0.1 -1.5 -3.1 -0.9 2.6 1.6 -3.1 1.1 112.2 0.3 7.2 1.1 1.1 102.3 0.3 6.7 1.1 ➢ UAE banks' reserve requirements picked up 7.7 percent during Q1 2020 to AED132.6 bn - ➢ U.S. President Trump considering the possibility of stopping incoming Saudi Arabian crude oil shipments to support the battered domestic drilling industry- Zawya ➢ Bahrain will slash spending by ministries and government agencies by 30% to help the country weather the coronavirus outbreak. -Zawya ➢ U.S. Treasury has disbursed $2.9 billion in initial payroll assistance to U.S. passenger airlines out of the total $25 billion in funds earmarked for payroll costs -Reuters Central Bank of the UAE 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. The report is owned by Markaz and is privileged and proprietary and is subject to copyrights. Sale of any copies of this report is strictly prohibited. This report cannot be quoted without the prior written consent of Markaz. Any user after obtaining Markaz permission to use this report must clearly mention the source as “Markaz “. This Report is intended to be circulated for general information only and should not to be construed as an offer to buy or sell or a solicitation of an offer to buy or sell any financial instruments or to participate in any particular trading strategy in any jurisdiction. The information and statistical data herein have been obtained from sources we believe to be reliable but in no way are warranted by us as to its accuracy or completeness. Markaz has no obligation to update, modify or amend this report. For further information, please contact ‘Markaz’ at P.O. Box 23444, Safat 13095, Kuwait. Tel: 00965 1804800 Fax: 00965 22450647. Email: research@markaz.com