MENA Daily Morning Brief - 3 December

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 1,914 78 SABIC Saudi Telecom 57 50 Al-Rajhi Bank NCB 34 United Arab Emirates 46 TAQA 41 ETISALAT 38 FAB 20 Intl. Holding Co. 19 Emirates NBD Kuwait 19 NBK 17 KFH 9 Zain 6 Boubyan Bank 4 Agility Qatar 45 Qatar National Bank Industries Qatar 18 12 Ezdan Holding 11 Qatar Islamic Bank Masraf Al Rayan 9 December 03, 2020 Value Traded & Advances/Decline Ratio M. Cap Close Change (USD Bn) Price % MTD % YTD 3-Yr 5-Yr P/E % CAGR CAGR TTM 449 2,471 147 197 105 105 71 21 11 113 8,694 10,392 4,965 5,462 6,575 2,420 1,494 3,634 -0.1 -0.3 -0.0 0.9 1.0 0.8 -0.3 -0.1 -0.6 1.3 0.0 0.1 1.1 -0.3 -2.5 5.3 3.6 7.0 -0.3 9.4 -2.2 4.7 -13.1 4.3 -9.4 8.0 -12.5 -11.0 -7.2 5.4 -8.7 -10.7 2.8 3.6 -0.2 3.2 -5.5 4.0 -8.1 15 20 17 15 20 20 9 9 9 43,612 32,157 2,480 6,462 2,614 3,669 6,463 1,774 0.2 0.2 1.2 0.3 1.2 1.3 3.1 1.1 10.8 8.1 13.6 11.6 -14.3 -4.1 3.1 -0.2 9.1 11.9 0.7 2.4 24 28 17 20 6,511 6,197 1,167 1,229 3,616 44,618 0.4 -0.1 -0.1 2.0 1.7 1.1 10.2 13.1 8.2 8.6 -0.4 11.7 19 15 28 3.1 1.4 10.7 Close Price- Change % MTD % YTD % 3-Yr CAGR 5-Yr CAGR P/E TTM 36 97 107 75 43 -0.1 -0.6 -0.1 -0.1 -0.3 0.1 -0.7 -0.1 1.3 1.8 3.3 5.1 14.2 -13.1 -1.4 15.2 21.4 7.9 2.0 9.5 18.0 3.8 34 20 19 11 1 17 13 40 11 - - 186.0 5.9 -16.8 546.8 -15.8 36.2 1.4 7.4 200.3 11.7 27.1 1.0 10.5 103.2 7.3 17 14 33 9 827 668 605 574 661 0.9 1.1 1.2 0.7 2.8 -1.5 -1.8 4.1 -2.4 2.8 -18.8 -9.4 0.8 -6.0 -7.1 9.8 15.9 10.5 18.8 7.7 5.4 13.2 10.3 12.1 16.3 23 32 13 47 22 18 11 2 17 4 -1.6 0.2 2.6 -0.8 0.1 1.6 3.5 1.1 2.6 -12.6 7.0 172.4 9.9 10.6 14.5 6.7 21.5 21.8 7.6 7.5 0.2 0.3 7.6 3.1 14 45 14 15 Companies Saudi Arabia Aluminium Bahrain Leejam Sports Company Agility Public Warehousing Co Ezdan Holding Group Mabanee Company M. Cap Change (USD Bn) % Bahrain 2.0 6.5% KSA 1.0 3.8% Kuwait 4.4 2.8% Qatar 12.0 2.6% Kuwait 2.3 2.1% MTD % 9.1% 3.8% 2.8% 3.5% 2.7% YTD % 26.1% -8.8% -7.1% 172.4% -24.9% M. Cap Change (USD Bn) % MTD % YTD % Country 3,144 206 54 130 22 3,020 Kuwait 144 166 70 30 66 285 UAE 508 122 3 - 119 205 Qatar 151 46 30 13 3 177 Bahrain 3 44 18 2 24 2 Oman 2 121 8 13 100 3 Total 3,952 705 183 188 334 3,692 Yield Curve & CDS Watch LIBOR (In %) US Treasuries (In %) KIBOR Yield Curve (%) 5-year CDS Spread Country 52-Week Current 2019 70.4 38.7 120.3 38.9 39.4 214.0 272.9 - 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 84.0 181.0 637.0 508.5 13,893.4 58.5 34.6 90.6 34.3 36.5 199.0 158.5 2,964.3 Interest Rate Watch Deposit Rate 3M Rate % Spread % 5YR Rate 10YR Rate U.S. 0.1 0.4 Kuwait 1.0 0.9 0.6 KSA** 0.5 0.5 0.9 UAE 0.1 0.6 Qatar 0.1 -0.0 1.8 Oman 2.2 2.1 4.1 Bahrain 2.0 1.9 3.9 Euro Region -0.6 -0.6 -0.7 Last FOMC Meeting Date: Nov 04/05 Next FOMC Mt Date: Dec Top 5 Gainers*  Companies Value Traded Listed ADTV – 1M Advances Declines Unchanged (USD mn) companies (USD mn) Top 5 Losers*  Commodity Watch Companies Country Shamal Az-Zour Al-Oula Saudi Ground Services Co Mobile Telecommunications Saudi Arabia Qatar National Bank Dallah Healthcare Company Kuwait KSA KSA Qatar KSA 1.0 1.5 3.2 45.0 1.2 Precious Metals 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 -8.5% -12.1% -23.7%* -3.2% -1.3% -12.5% -1.6% -1.0% 12.8% -1.6% 1.6% -12.6% -1.5% -2.5% 26.8% 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; *- Since Inception TR = Total Return\PR = Price Return; Total Return is Price Return + Dividend Return Market News ➢ Saudi Arabia's non-oil private sector activity expanded for the third straight month in November according to the PMI index, which rose to 54.7 from 51.0 in October. – Zawya ➢ Saudi Stock Exchange has developed a local currency-denominated benchmark index aimed at providing transparency to the Saudi local currency and Saudi Government Sukuk and Bond market performance. –Zawya 0.9 2.6 2.1 1.3 1.7 5.7 4.8 -0.5 15/16 52-Week Close Price 1,831.0 24.1 48.3 19,226 Change % 0.9 0.4 1.8 2.4 MTD % 3.0 6.6 1.4 -2.4 YTD % 20.7 35.2 -26.9 168.2 High Low 2,063.2 29.2 68.9 19,700 1,459.5 12.0 19.3 4,841.7 1.2 104.4 0.3 6.6 21.2 0.4 0.1 -0.1 -0.1 1.9 1.6 0.1 -0.2 -0.2 2.9 8.1 -3.9 0.5 -5.7 53.6 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.6 12.1 ➢ U.S. House of Representatives passed a law to remove Chinese companies off U.S. stock exchanges if they do not fully comply with the country’s auditing rules. The bill is to be submitted for the President’s approval- Reuters ➢ Growth in China’s services sector accelerated in November as new business rose at the fastest pace in over a decade. –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 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. 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