MENA Daily Morning Brief - 28 January

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch January 28, 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 466 2,424 153 218 112 112 80 21 11 117 8,784 10,648 5,662 5,753 6,925 2,726 1,463 3,660 0.2 -0.1 0.1 1.4 0.4 0.4 1.1 0.1 -0.5 2.9 1.1 2.0 12.2 3.7 3.7 9.4 -1.8 0.0 2.9 1.1 2.0 12.2 3.7 3.7 9.4 -1.8 0.0 4.1 5.1 4.1 7.0 4.8 8.5 -7.6 2.9 -9.9 7.1 8.4 2.8 7.7 -0.9 4.5 -6.1 15 20 17 16 21 21 10 9 9 49,095 34,500 2,588 6,713 2,694 3,751 6,567 1,860 -2.2 -2.6 -1.3 0.7 0.2 -0.1 1.7 3.1 0.2 -0.1 1.7 3.1 6.4 9.5 -5.0 -0.4 11.5 14.1 1.5 5.4 28 30 17 21 7,116 6,531 1,257 1,371 3,746 47,410 -1.2 0.1 -1.9 6.2 2.9 -0.7 6.2 2.9 -0.7 2.6 0.5 9.3 13.1 5.5 13.8 20 16 29 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 1,379 206 76 109 21 2,298 Kuw ait 213 166 64 46 56 120 UA E 194 122 31 11 80 200 Q atar 85 46 18 26 2 71 Bahrain 1 44 18 2 24 2 O man 2 121 9 13 99 3 T otal 1 ,8 7 4 705 216 207 282 2 ,6 9 3 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 1,856 S A BIC 81 S audi Telecom 60 A l-Rajhi Bank 49 NC B 35 United A r ab Emirates E TIS ALAT 47 TA QA 45 45 FAB 23 Intl. H olding C o. E mirates N BD 20 Kuwait 20 N BK 18 KF H 9 Zain 6 Bouby an Bank 5 A gility Q atar 45 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 13 11 9 C lose P rice- C hange % M TD % YTD % 3-Yr 5-Yr C A GR C A GR P /E TTM 35 102 112 73 44 0.3 0.2 - -0.6 0.2 5.5 -0.8 1.0 -0.6 0.2 5.5 -0.8 1.0 -1.5 15.3 15.9 4.3 8.2 13.3 18.4 10.4 33 21 19 12 20 1 15 46 12 0.4 2.5 1.3 2.6 18.3 2.8 16.4 9.5 15.5 18.3 2.8 16.4 9.5 15.5 3.6 39.1 10.4 218.0 13.5 4.0 29.3 15.3 121.3 12.0 19 55 17 38 10 874 713 632 573 758 1.2 1.1 -0.9 -1.0 4.0 5.3 4.3 0.9 12.1 4.0 5.3 4.3 0.9 12.1 10.0 16.4 9.9 15.2 9.5 10.3 19.3 12.9 14.5 24.7 27 34 14 47 25 18 0.6 0.5 0.5 8.7 7.6 15 12 2 17 4 0.7 -2.6 0.1 0.2 11.3 -2.0 -0.6 -1.8 11.3 -2.0 -0.6 -1.8 2.0 13.5 18.6 2.1 3.5 5.5 14.9 5.7 49 14 15 KIBOR Yield Curve (%) 5-year CDS Spread C ountry C ompanies A rabian C ement C ompany N ational Building and M arketing C ompany E astern P rov ince C ement C ompany V odafone Q atar A ldar P roperties Top 5 Losers *  C ountry KS A KS A KS A Q atar UA E 2020 67.4 41.6 113.8 38.2 42.5 234.0 254.3 - 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 61.9 37.4 91.5 34.6 37.3 199.0 164.9 4,159.7 Interest Rate Watch Deposit Rate  M . C ap C hange (U S D Bn) % 1.2 7.2% 1.2 4.0% 1.0 3.9% 1.8 3.8% 7.6 3.5% 52-Week C urrent 3M Rate % S pread % U .S . 0.1 Kuw ait 1.3 KS A ** 0.8 UA E 0.1 Q atar 0.6 O man 2.2 Bahrain 1.7 E uro Region -0.6 Last F O MC M eeting Date: Jan 26/27 M TD YTD % % 24.8% 24.8% -14.7% -14.7% 11.2% 11.2% 14.9% 14.9% 13.3% 13.3% 1.2 0.7 -0.0 0.5 2.1 1.6 -0.6 5YR Rate 10YR Rate 0.4 1.0 0.7 2.6 0.8 2.2 0.5 1.3 3.0 1.7 3.3 5.3 3.9 5.0 -0.7 -0.5 N ext F O MC M t Date: M ar 16/17 Commodity Watch C ompanies C ountry E zdan H olding G roup Doha Bank S audi British Bank S audi E lectricity C ompany Bank of Bahrain and Kuw ait Q atar Q atar KS A KS A Bahrain M . C ap C hange (U S D Bn) % 12.7 2.0 14.3 24.4 1.8 -2.6% -2.1% -2.1% -2.0% -2.0% M TD % YTD % -2.0% -2.2% 5.8% 3.3% - -2.0% -2.2% 5.8% 3.3% - P r ecious M etals 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 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 1,844.0 25.2 55.8 30,424.6 -0.3 -0.8 -0.2 -6.4 -2.8 -4.2 7.7 4.9 -2.8 -4.2 7.7 4.9 2,063.2 29.2 59.8 40,667.1 1,469.8 12.0 19.3 4,841.7 1.2 104.1 0.3 6.5 23.0 -0.4 0.5 0.1 0.3 - -0.9 0.8 -0.4 -0.7 1.2 -0.9 0.8 -0.4 -0.7 1.2 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.5 13.7  Positive real GDP growth in most GCC countries should bring revenue opportunities for the region’s banking sector. Stable outlook for GCC banks but profits under pressure again – Fitch  U.S. Fed left the benchmark rate unchanged near zero citing a moderating U.S. recovery and reiterated a pledge to use all available tools to support the economy. - Reuters  Saudi Arabia’s decision to exempt real estate transactions when it increased value-added tax (VAT) last year to 15 percent helped to boost residential market activity. – Zawya  U.S. President Joe Biden on Wednesday signed a new raft of executive actions to combat climate change, including pausing new oil and gas leases on federal land and cutting fossil fuel subsidies. – 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. The report is owned by Markaz and is privileged an d p ro pr ieta r y a nd i s subject to copyrights. Sale of any copies of this report is strictly prohibited. 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