MENA Daily Morning Brief - 3 February

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch February 03, 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 460 2,382 151 218 112 112 81 21 11 116 8,619 10,518 5,698 5,753 6,925 2,724 1,467 3,623 0.1 -0.3 0.4 1.1 -0.1 -0.1 1.0 0.0 -0.8 -0.3 -1.0 0.4 1.9 -0.5 -0.5 2.6 0.3 -0.8 1.6 3.9 -0.8 4.2 0.8 5.5 12.9 7.5 3.7 5.1 3.7 8.8 9.3 -7.0 -1.6 2.7 -1.0 -10.5 6.1 7.6 1.7 6.6 -2.3 4.5 -7.1 15 22 18 17 21 21 10 9 10 49,095 33,755 2,591 6,600 2,732 3,826 6,517 1,847 1.3 1.4 0.8 0.9 2.6 3.0 1.7 2.1 1.6 1.9 0.9 2.3 8.0 11.5 -4.3 -0.3 12.4 15.3 2.2 6.2 28 29 17 20 7,116 6,455 1,300 1,381 3,704 49,798 1.5 0.8 2.5 3.9 1.5 7.6 7.0 1.8 4.3 3.9 0.7 12.4 13.3 5.1 15.1 20 16 30 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 2,239 206 54 138 14 2,171 Kuw ait 129 166 60 59 47 125 UA E 259 122 42 10 70 200 Q atar 61 46 21 18 7 70 Bahrain 2 44 14 2 28 2 O man 2 121 4 17 100 4 T otal 2 ,6 9 1 705 195 244 266 2 ,5 7 1 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 1,824 S A BIC 79 S audi Telecom 60 A l-Rajhi Bank 48 NC B 34 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 44 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 34 99 112 72 43 0.1 -1.3 0.5 -0.7 2.1 -1.3 -2.1 -1.1 -1.1 2.7 -2.3 -2.7 5.3 -2.9 -0.3 -2.4 14.8 13.8 3.4 8.0 12.1 16.8 9.9 33 20 19 11 20 1 15 46 12 0.5 1.4 1.2 0.1 1.7 1.1 1.4 1.9 0.0 2.2 18.2 2.1 16.7 9.6 15.0 4.5 37.9 10.0 217.4 11.4 4.3 27.9 13.0 121.3 10.4 19 55 16 38 12 864 724 636 569 746 -0.3 0.3 0.2 0.1 -1.0 0.3 -0.6 -0.4 -0.9 2.9 6.9 5.0 0.2 10.4 10.4 17.9 11.2 14.8 9.5 9.4 18.5 11.7 14.0 23.5 27 35 14 59 25 17 -0.3 -2.6 -2.1 9.2 6.2 15 12 2 17 4 2.2 1.8 0.2 1.4 3.9 2.4 1.0 12.0 -1.3 -1.2 -3.1 4.5 17.4 20.3 3.8 3.4 3.3 12.0 4.7 49 14 15 KIBOR Yield Curve (%) 5-year CDS Spread C ountry E mirates Refreshments H alw ani Brothers C ompany A ldar P roperties O rascom C onstruction A dv anced P etrochemical C o Top 5 Losers *  C ompanies N ational Building and M arketing C ompany A rabian C ement C ompany Yamama C ement C ompany Banque S audi F ransi Jabal O mar Dev elopment C ompany C ountry UA E KS A UA E UA E KS A M . C ap C hange M TD (U S D Bn) % % 1.9 14.9% 31.9% 1.1 9.9% 20.8% 8.1 5.0% 8.3% 1.4 4.4% 9.5% 3.7 2.6% 1.9% 2020 67.4 43.5 113.8 38.2 42.5 229.0 254.4 - 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 94.2 34.6 37.3 199.0 165.3 4,159.7 Interest Rate Watch Deposit Rate  C ompanies 52-Week C urrent 3M Rate % S pread % U .S . 0.1 Kuw ait 1.0 KS A ** 0.5 UA E 0.1 Q atar 0.6 O man 2.2 Bahrain 1.6 E uro Region -0.6 Last F O MC M eeting Date: Jan 26/27 YTD % 358.2% 41.8% 19.7% 14.2% -4.6% 0.9 0.4 -0.0 0.5 2.1 1.5 -0.6 5YR Rate 10YR Rate 0.4 1.1 0.6 2.6 0.8 2.2 0.5 1.3 3.0 1.7 3.2 4.8 3.8 4.9 -0.7 -0.5 N ext F O MC M t Date: M ar 16/17 Commodity Watch C ountry KS A KS A KS A KS A KS A M . C ap C hange (U S D Bn) % 1.1 1.1 1.7 10.3 6.7 -4.6% -3.5% -3.1% -2.7% -2.5% M TD % YTD % -0.8% -4.4% -4.3% -3.0% -4.1% -23.5% 16.7% 4.6% 1.3% -6.5% 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 52-Week C lose P rice C hange % M TD % YTD % High Low 3.0 26.6 57.5 35,522.2 -1.2 -8.1 2.0 5.9 -0.5 -1.4 2.8 7.2 -3.1 1.0 10.9 22.5 2,063.2 29.2 59.3 40,667.1 1,469.8 12.0 19.3 4,841.7 1.2 105.0 0.3 6.5 30.2 -0.1 0.1 0.1 -0.2 0.0 -0.8 0.3 0.5 -8.6 -1.4 1.7 -0.3 -1.1 32.9 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.4 13.7  After suffering a major contraction in 2020, we expect aggregate real GDP growth of just 2.5 percent in the GCC economies between 2021 and 2023. – S&P  The issuance of sustainability-themed debt instruments, including green, social and sustainability-linked bonds is expected to surpass USD 700 billion in 2021. – S&P  Rating agency Fitch downgraded the outlook on Kuwait's sovereign debt rating to "negative" from "stable", saying it saw near-term liquidity risks associated with the state treasury fund.  Euro-area output fell 6.8% in 2020 as a whole, less than expected at the end of last year, though it remains on the verge of a double-dip recession. – Bloomberg Quint Fitch affirmed Kuwait's long-term rating at "AA". – Zawya 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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