MENA Daily Morning Brief - 8 April

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) April 08, 2020 Value Traded & Advances/Decline Ratio M. Cap Close Change (USD Bn) Price % MTD % YTD 3-Yr 5-Yr P/E % CAGR CAGR TTM 352 2,139 128 116 88 88 54 21 11 93 6,986 8,979 3,928 4,723 5,581 1,785 1,313 3,398 2.5 1.8 3.1 5.5 0.1 0.2 5.5 0.2 -0.1 6.5 7.4 9.4 5.2 -2.1 -1.3 0.8 -2.8 -1.5 -20.0 -16.7 -13.9 -22.6 -24.8 -23.1 -35.4 -18.4 -14.7 -2.4 -4.6 -0.3 -4.8 -5.1 -5.6 -5.1 -3.0 -2.4 0.9 -20.5 -13.8 -1.5 -1.8 -15.3 -11.5 15 16 13 10 11 11 4 10 7 34,986 23,262 1,889 4,911 1,895 2,659 5,704 1,403 0.7 -0.2 2.2 2.0 2.3 2.9 0.6 0.0 -19.6 0.9 -17.7 4.1 -24.4 -8.1 -18.5 -2.0 1.3 4.8 -4.3 -2.5 16 19 13 12 4,774 4,620 764 878 2,956 30,067 2.8 2.1 9.0 3.5 2.6 2.0 -21.2 -3.0 -7.5 -4.9 -27.1 0.4 -3.2 -6.9 0.8 11 12 16 YTD % 3-Yr CAGR 5-Yr CAGR P/E TTM 32 80 92 55 37 0.2 1.7 2.8 1.1 3.8 6.1 14.0 5.1 2.2 5.5 -9.2 -15.0 -9.6 -15.9 -25.7 -7.8 9.0 9.9 12.6 -1.4 8.4 7.7 -2.7 19 43 17 14 10 14 11 8 16 3 2.0 12.0 14.8 -1.0 -3.3 1.9 16.1 4.1 3.9 7.4 -12.7 -26.1 -42.1 19.1 -2.0 -7.8 0.5 -2.0 -10.1 - 5.0 -1.3 -3.3 -7.8 - 14 10 3 11 16 710 623 477 495 579 0.1 0.3 1.1 0.5 -1.0 -1.4 -1.4 -7.6 1.7 1.8 -30.3 -23.2 -20.5 -18.9 -29.2 5.5 11.1 0.9 13.6 9.6 2.5 6.4 -0.1 10.1 3.9 12 17 10 25 11 19 7 15 4 2 4.8 2.4 2.0 1.2 10.0 12.5 10.4 6.5 3.8 45.2 -8.2 -28.6 -0.2 -4.1 -15.5 7.9 -13.1 14.6 -4.2 12.7 5.5 -12.6 8.5 -4.8 -4.5 12 17 13 13 22 UAE UAE UAE UAE Qatar Abu Dhabi Islamic Bank Alinma Bank Abu Dhabi National Oil Company Yamama Cement Company National Shipping Company of Saudi Arabia Country UAE KSA UAE KSA KSA 3.3 8.8 9.9 1.1 3.5 MTD % 8 1,339 77 46 140 UAE 139 132 41 31 60 123 Qatar 90 46 44 2 - 70 Bahrain 1 44 16 9 19 3 Oman 2 121 14 18 89 10 Total 1,789 713 331 160 222 1,686 US Treasuries (In %) Country 52-Week Current 2019 154.1 120.4 307.9 84.0 132.9 471.0 495.3 - 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 84.0 181.0 637.0 501.6 13,893.4 58.5 34.6 90.6 30.4 36.5 199.0 158.5 769.0 Interest Rate Watch Deposit Rate 3M Rate % Spread % U.S. 1.3 Kuwait 1.2 KSA** 1.5 UAE 1.0 Qatar 0.8 Oman 2.3 Bahrain 1.8 Euro Region -0.5 Last FOMC Meeting Date: Mar 15 M. Cap Change MTD YTD (USD Bn) % % % 13.0 14.8% 4.1% -42.1% 2.4 13.0% 0.0% -44.6% 33.3 12.0% 16.1% -26.1% 1.4 11.7% 11.1% -36.1% 7.3 10.0% 45.2% -15.5% M. Cap Change (USD Bn) % 23 41 5-year CDS Spread Top 5 Losers*  Companies 175 164 KIBOR Yield Curve (%) Top 5 Gainers*  Emirates NBD Bank Emaar Development First Abu Dhabi Bank Dubai Financial Market Mesaieed Petrochemical Holding Co 206 136 LIBOR (In %) MTD % Country 1,422 Kuwait Yield Curve & CDS Watch Change % Companies Value Traded Listed ADTV – 1M Advances Declines Unchanged (USD mn) companies (USD mn) Saudi Arabia Close Price Saudi Arabia Saudi Aramco 1,703 64 SABIC Saudi Telecom 49 37 Al-Rajhi Bank NCB 29 United Arab Emirates 34 ETISALAT 33 FAB 13 Emirates NBD 13 DP World 10 ADNOC Kuwait 16 NBK 14 KFH 7 Zain 5 Boubyan Bank 3 Agility Qatar 48 Qatar National Bank Industries Qatar 12 10 Qatar Islamic Bank 8 Masraf Al Rayan Mesaieed Petro 7 Companies -0.1 0.2 -0.2 -0.4 1.0 0.5 -1.7 Commodity Watch YTD % Precious Metals -4.9% -16.5% -38.2% -3.5% 5.9% -13.1% -3.3% 7.4% -2.0% -2.9% 9.0% -23.9% -2.4% -5.8% -15.4% 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 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 5YR Rate 10YR Rate 0.5 0.7 2.1 2.6 2.7 3.4 2.1 2.7 3.4 3.4 11.3 11.0 4.4 8.1 -0.5 -0.3 Next FOMC Mt Date: Apr 28/29 52-Week Close Price 1,648.5 15.0 31.9 7,202.7 Change % -0.8 0.1 -3.6 -2.0 MTD % 4.9 7.4 40.1 12.2 YTD % 8.7 -15.9 -51.7 0.5 High Low 1,679.6 19.6 74.5 12,921 1,270.3 12.0 22.7 4,841.7 1.1 108.7 0.3 7.0 46.7 0.9 -0.5 0.7 -0.7 3.2 -1.3 1.1 -0.7 -0.5 -12.8 -2.9 0.1 2.8 1.2 238.9 1.1 112.2 0.3 7.2 82.7 1.1 102.3 0.3 6.7 11.5 ➢ Kuwait ratings affirmed at 'AA' with stable outlook. Key credit strengths are exceptionally strong fiscal and external balance sheets but these are increasingly offset by institutional paralysis and slow pace in addressing growing public finance challenges. - Fitch ➢ A measure of job vacancies in U.K. compiled by the Recruitment and Employment Confederation and KPMG, fell to 47.8 in March, below the no-change 50 level for the first time in 11 years. - Reuters ➢ UAE's stimulus to support bank liquidity but might increase potential problem loans - Zawya ➢ Trump administration has asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses - 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. 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