MENA Daily Morning Brief - 28 October

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch October 28, 2020 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 425 2,367 144 188 106 106 64 21 11 107 8,199 9,853 4,683 5,427 6,527 2,191 1,427 3,556 0.4 0.5 0.5 1.3 -0.8 -0.8 1.1 -0.5 -0.2 -0.5 -1.2 -1.4 3.6 -0.3 -0.3 -3.6 -0.5 -1.6 -7.6 3.2 -2.3 5.6 -5.5 6.6 -7.7 1.6 -13.6 1.8 -10.0 5.4 -20.7 -15.6 -11.3 3.8 -10.7 -10.5 1.4 2.8 -3.2 1.6 -9.0 2.7 -9.7 15 18 16 14 13 13 8 9 9 44,996 29,769 2,061 5,898 2,382 3,391 5,729 1,618 -0.4 -0.3 -1.1 -0.1 0.6 0.8 -2.3 -0.5 1.0 4.9 -24.0 -6.0 5.4 9.5 -8.6 -3.0 6.9 10.3 -2.1 0.8 25 27 17 18 6,371 5,710 1,064 1,134 3,411 40,522 0.3 0.1 0.9 4.8 1.1 6.4 1.7 6.7 -1.8 0.7 -1.6 6.9 6.0 -0.8 8.7 19 15 24 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 2,072 206 115 71 20 3,052 Kuw ait 203 166 30 74 62 203 UA E 265 132 29 23 80 166 Q atar 121 46 17 24 5 177 Bahrain 3 44 16 5 23 3 O man 3 121 6 8 107 2 T otal 2 ,6 68 715 213 205 297 3 ,6 02 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 75 S audi Telecom 55 A l-Rajhi Bank 44 NC B 32 United A r ab Emirates TA QA 44 E TIS ALAT 40 34 FAB 19 Intl. H olding C o. E mirates N BD 16 Kuwait 19 N BK 17 KF H 8 Zain 6 Bouby an Bank 4 A gility Q atar 46 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 * 16 14 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 94 104 66 40 1.2 1.0 0.6 0.5 1.1 -3.9 5.8 3.2 0.9 7.4 -2.1 -0.4 1.8 1.4 -19.0 -2.0 15.3 16.3 8.0 2.6 10.1 14.6 2.1 28 19 17 11 1 17 12 38 9 1.4 0.2 1.4 -2.6 -0.9 4.3 2.4 2.3 -2.6 -11.5 176.4 4.3 -24.1 512.9 -27.5 30.4 -1.8 3.7 196.4 6.4 23.6 2.2 5.7 101.0 1.7 17 13 54 8 840 659 587 598 665 -1.1 -0.5 -1.7 -1.5 -0.4 -3.4 -0.3 2.3 0.5 1.2 -17.6 -10.6 -2.2 -2.0 -6.5 7.6 13.6 5.6 17.2 6.6 6.0 13.6 9.4 13.2 15.6 23 25 12 49 20 18 0.8 -1.4 -12.8 13.7 5.4 14 9 2 16 4 -2.5 -0.6 2.2 -4.1 -4.4 -1.2 4.1 -8.1 201.3 6.3 9.3 24.6 19.5 6.8 -5.1 -1.0 6.6 0.0 36 5,791 14 15 KIBOR Yield Curve (%) 5-year CDS Spread C ountry C ompanies A ldar P roperties Damac P roperties Dubai C o E maar P roperties U nited E lectronics C ompany N ational S hipping C ompany of S audi A rabia Top 5 Losers *  C ountry UA E UA E UA E KS A KS A C ountry Rabigh Refining and P etrochemical C o. A luminium Bahrain N etw ork International H oldings G ulf Bank U nited Dev elopment C ompany KS A Bahrain UA E Kuw ait Q atar 58.5 34.8 91.0 44.9 36.8 266.0 167.1 3,065.7 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 1,528.2 Interest Rate Watch Deposit Rate 3M Rate % S pread % U .S . 0.1 Kuw ait 1.2 KS A ** 0.7 UA E 0.1 Q atar 0.3 O man 2.2 Bahrain 2.0 E uro Region -0.6 Last F O MC M eeting Date: S ep 15/16 YTD % 31.5% 49.4% -31.8% 25.3% 1.1% M . C ap C hange (U S D Bn) % 3.1 1.5 1.5 2.2 1.5 -4.7% -3.9% -3.5% -3.1% -2.7% M TD % YTD % P r ecious M etals -14.8% -38.5% -2.0% -6.7% -22.7% -67.1% -0.5% -27.7% -15.8% 3.1% 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 1.1 0.6 0.0 0.2 2.1 1.9 -0.7 5YR Rate 10YR Rate 0.3 0.8 0.9 0.7 1.9 4.9 4.0 -0.8 N ext F O MC M t Date: N ov 0.8 2.6 2.0 1.4 1.7 7.0 5.5 -0.6 04/05 C lose P rice 1,906.8 24.6 41.2 13,647 C hange % 0.3 0.9 1.8 4.4 M TD % 1.1 5.8 0.6 26.6 YTD % 25.7 37.7 -37.6 90.4 High 52-Week Low 2,063.2 29.2 68.7 13,647 1,454.3 12.0 19.5 4,841.7 1.2 104.4 0.3 6.7 33.4 -0.1 -0.4 0.2 -0.1 2.7 0.7 -1.0 -0.2 -1.3 26.5 5.2 -3.9 1.0 -3.7 142.0 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.7 11.5 Kuwait’s central bank has cut repo rates and other rates across the interest rate yield curve up to the ten-year term by 0.125%, while maintaining a “historically low” discount rate at 1.5%. –  U.S. President Trump acknowledged that a coronavirus economic relief deal would likely come after the Nov. 3 election, with the White House unable to bridge differences with fellow Republicans in the U.S. Senate as well as congressional Democrats. – Reuters Kuwait is the most exposed to the prolonged decline in oil prices caused by the COVID-19 pandemic among GCC sovereigns, with a -29.2% oil and gas revenue shock, while Bahrain is the least exposed, with a revenue impact of -4.2%. – Moody’s  U.S. consumer confidence fell in October, in line with expectations that economi c activity would slow in the fourth quarter as the boost from fiscal stimulus fades. - Reuters Reuters  77.3 45.1 139.1 44.6 44.8 265.5 346.5 - High Commodity Watch C ompanies  2019 KS A A bu-Dhabi Dubai Kuw ait Q atar O man Bahrain Lebanon  M . C ap C hange M TD (U S D Bn) % % 6.1 11.8% 41.3% 1.8 6.7% 20.5% 5.3 5.8% -1.8% 1.3 4.3% 12.2% 4.2 2.9% -4.0% 52-Week C urrent 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. 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 sour c e a s “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 p a rti c ul ar tra d in g strategy in any jurisdiction. 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