MENA Daily Morning Brief - 5 November

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch November 05, 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 421 2,365 141 189 105 105 63 21 11 106 8,089 9,727 4,690 5,466 6,574 2,153 1,441 3,536 0.7 1.1 0.3 0.9 -0.0 -0.0 0.6 0.3 -0.1 1.4 2.3 0.4 0.6 0.4 0.4 -1.6 1.0 -0.6 -8.6 3.2 -3.6 5.0 -6.7 6.7 -7.6 1.9 -13.0 4.1 -9.4 7.7 -22.1 -15.3 -10.5 4.4 -11.2 -11.4 1.5 3.0 -3.2 1.9 -9.0 2.9 -9.8 15 19 16 14 15 14 7 9 9 44,996 29,570 2,108 5,934 2,417 3,443 5,883 1,627 2.0 2.2 1.7 1.2 5.4 5.3 5.5 3.0 2.5 6.6 -22.0 -5.5 5.7 9.9 -8.0 -3.2 7.2 10.4 -1.5 0.8 25 27 18 18 6,371 5,776 1,051 1,135 3,435 40,616 1.3 0.2 0.9 2.9 1.6 2.5 1.8 7.5 -1.5 0.1 -1.1 6.4 5.9 -1.8 9.1 19 15 26 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 2,228 206 180 13 13 2,787 Kuw ait 171 166 44 64 58 192 UA E 130 132 28 17 87 161 Q atar 76 46 21 19 6 177 Bahrain 1 44 17 1 26 3 O man 1 121 6 4 111 2 T otal 2 ,6 06 715 296 118 301 3 ,3 22 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 1,848 S A BIC 72 S audi Telecom 54 A l-Rajhi Bank 45 NC B 32 United A r ab Emirates TA QA 44 E TIS ALAT 40 34 FAB 20 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 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 * C lose P rice- C hange % M TD % YTD % 3-Yr 5-Yr C A GR C A GR P /E TTM 35 90 102 68 40 0.7 0.6 1.0 0.4 1.5 2.8 2.1 2.9 2.2 -1.7 -4.2 3.5 -19.0 -3.6 14.4 17.3 5.6 2.1 11.2 15.5 2.7 33 19 18 10 1 17 12 41 9 0.7 0.6 0.9 3.8 1.0 -0.7 0.4 1.2 6.9 -0.8 174.5 3.5 -23.5 561.3 -27.5 31.4 -1.4 4.0 201.9 6.0 24.9 2.2 6.2 104.1 2.6 16 13 34 8 836 663 594 616 659 -0.6 -0.2 0.5 0.2 -1.1 0.2 1.4 3.0 -1.1 -18.0 -10.1 -1.0 0.9 -7.4 10.4 17.2 8.7 21.6 10.0 5.7 13.4 10.2 14.2 16.7 23 32 13 51 20 18 - 0.6 -13.6 14.0 5.3 14 9 2 16 4 0.3 -0.8 -0.1 0.0 3.7 -7.0 -0.6 -1.2 -9.1 155.4 5.0 7.1 -0.5 19.9 18.8 6.1 -4.7 -3.7 6.1 0.0 38 4,909 13 15 KIBOR Yield Curve (%) 5-year CDS Spread C ountry 16 11 10 9 C ompanies Know ledge E conomic C ity C ompany A bu Dhabi Islamic Bank Jarir M arketing C ompany International H oldings C ompany S audi E lectricity C ompany Top 5 Losers *  C ountry KS A UA E KS A UA E KS A M TD % 5.1% 5.1% 5.5% 6.9% 6.0% YTD % 11.3% -15.2% 10.4% 561.3% -0.8% M . C ap C hange (U S D Bn) % M TD % YTD % -5.0% -2.3% -0.5% -0.2% 1.0% -19.8% -26.1% -2.1% 11.8% -31.3% 2019 84.2 48.1 140.6 47.3 47.5 268.0 350.2 - 58.5 34.8 91.0 44.9 36.8 266.0 167.1 3,065.7 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 58.5 34.6 90.6 34.3 36.5 199.0 158.5 2,004.6 Interest Rate Watch Deposit Rate  M . C ap C hange (U S D Bn) % 1.0 4.1% 4.5 4.1% 5.8 3.9% 20.3 3.8% 22.3 3.2% 52-Week C urrent 3M Rate % S pread % U .S . 0.1 Kuw ait 1.2 KS A ** 0.6 UA E 0.1 Q atar 0.1 O man 2.2 Bahrain 1.9 E uro Region -0.6 Last F O MC M eeting Date: S ep 15/16 1.1 0.6 -0.0 2.1 1.8 -0.6 5YR Rate 10YR Rate 0.3 0.8 1.0 0.7 1.9 4.8 4.0 -0.8 N ext F O MC M t Date: N ov 0.7 2.6 2.2 1.3 1.7 6.8 5.4 -0.6 04/05 Commodity Watch C ompanies C ountry O rascom C onstruction S audi A irlines C atering C ompany A amal C ompany V odafone Q atar Burgan Bank UA E KS A Q atar Q atar Kuw ait 1.1 1.7 1.4 1.5 1.8 -5.0% -2.1% -1.7% -1.5% -1.4% 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  Saudi Tadawul has seen 8 new listings so far this year. Saudi Capital Market Authority (CMA) is currently reviewing 15 applications for listing. – Chairman, Saudi Arabia’s CMA  UAE’s federal entities reported revenues of AED 40.16 billion in Q3 2020. The entities reported spending of AED 36.69 billion and a budget surplus of AED 3.48 billion for Q3 2020. – Zawya C lose P rice 1,903.2 23.9 41.2 14,160 C hange % -0.3 -1.1 3.8 0.8 M TD % 1.3 1.2 10.1 2.5 YTD % 25.5 34.1 -37.5 97.5 High 52-Week Low 2,063.2 29.2 68.9 14,306 1,454.3 12.0 19.3 4,841.7 1.2 104.5 0.3 6.6 29.6 0.1 0.0 -0.2 -0.4 -16.8 0.6 -0.2 0.1 -0.7 -22.2 4.6 -3.8 0.8 -4.5 114.6 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.6 11.5  U.S. presidential election proved far closer than expected with counting in progress a day after polls closed. Democrat Joe Biden predicted a win after some pivotal victories, while President Trump sought to offset a narrowing path to re-election with lawsuits and demands for a recount. - Reuters  China will import over $22 trillion worth of goods over the next decade, and the country is accelerating its opening up in spite of the coronavirus pandemic. - Chinese President 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 clearl y mention the sour c e a s “Markaz “. 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