MENA Daily Morning Brief - 8 February

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch February 08, 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 459 2,381 150 217 111 111 80 21 11 116 8,688 10,493 5,672 5,725 6,892 2,667 1,462 3,598 0.6 0.8 0.6 0.1 0.5 0.5 -0.2 0.1 -0.2 0.1 -0.2 0.2 1.4 -1.0 -0.9 0.5 -0.0 -1.5 2.0 4.7 -0.0 5.5 0.5 5.7 12.4 7.2 3.2 5.1 3.2 8.7 7.0 -7.1 -1.9 3.1 -1.7 -10.4 6.5 8.3 1.8 6.7 -2.7 4.6 -7.8 15 22 17 17 21 21 10 9 9 49,095 34,788 2,597 6,709 2,773 3,887 6,489 1,891 - 4.2 4.6 1.3 4.5 3.1 3.5 0.4 4.8 10.6 14.1 -2.9 3.0 13.3 16.0 2.7 8.4 28 30 17 20 7,116 6,387 1,326 1,395 3,665 50,732 - 4.9 0.4 9.6 8.1 0.7 6.2 6.9 3.8 14.3 13.8 4.9 16.4 20 15 31 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 2,191 206 179 17 10 2,129 Kuw ait 164 166 84 34 48 131 UA E 301 122 25 27 70 204 Q atar 31 46 25 17 4 73 Bahrain 1 44 14 3 27 2 O man 2 121 5 16 100 4 T otal 2 ,6 9 1 705 332 114 259 2 ,5 4 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 1,818 S A BIC 80 S audi Telecom 60 A l-Rajhi Bank 50 NC B 34 United A r ab Emirates E TIS ALAT 47 TA QA 44 44 FAB 23 Intl. H olding C o. E mirates N BD 20 Kuwait 19 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 12 11 9 C lose P rice- C hange % M TD % YTD % 3-Yr 5-Yr C A GR C A GR P /E TTM 34 100 113 75 42 0.4 0.2 0.2 1.3 -1.9 -1.6 -1.2 0.2 4.0 0.4 -2.6 -1.8 6.6 2.2 -2.7 -1.4 15.8 17.8 2.9 8.4 12.2 17.7 10.1 33 20 20 11 20 15 1 46 12 0.3 0.1 -1.4 0.0 - 0.6 0.8 -0.7 0.2 - 17.6 15.5 9.8 12.6 4.5 9.2 36.2 219.0 12.5 4.4 13.0 27.9 115.1 10.2 19 16 54 38 12 850 727 635 567 747 -0.5 1.1 0.8 0.4 0.4 -2.6 0.7 -0.8 -0.7 -0.8 1.2 7.4 4.8 -0.2 10.5 9.4 17.7 11.1 13.9 9.6 9.1 19.8 13.0 14.8 24.1 26 38 14 59 25 17 0.8 -3.0 -2.5 10.7 6.7 15 12 2 17 4 1.5 -0.4 -0.4 0.2 -0.4 1.5 2.3 0.9 9.9 -3.5 -1.3 -3.2 5.0 20.7 18.4 3.4 3.5 3.2 11.6 5.3 49 14 15 KIBOR Yield Curve (%) 5-year CDS Spread C ountry E mirates Refreshments F aw az A bdulaziz A lhokair C ompany Bank A lbilad A rabian C entres C ompany S audi Research and M arketing G roup Top 5 Losers *  C ompanies N ational Bank of Ras A l Khaimah Dubai Inv estments Q assim C ement C ompany Damac P roperties Dubai C o N ational C ommercial Bank C ountry UA E KS A KS A KS A KS A 2020 67.4 43.5 110.9 38.2 42.5 218.5 254.4 - 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 1.9 E uro Region -0.6 Last F O MC M eeting Date: Jan 26/27 M . C ap C hange M TD YTD (U S D Bn) % % % 2.9 15.0% 100.3% 595.5% 1.2 7.4% 0.1% -4.3% 5.6 5.6% 2.9% -0.7% 2.8 3.2% -7.0% -12.6% 1.6 3.1% -0.8% -3.4% 0.9 0.4 -0.0 0.5 2.1 1.8 -0.6 5YR Rate 10YR Rate 0.5 1.2 0.6 2.6 0.7 2.2 0.6 1.4 3.0 1.7 3.1 4.6 3.8 4.8 -0.7 -0.4 N ext F O MC M t Date: M ar 16/17 Commodity Watch C ountry UA E UA E KS A UA E KS A M . C ap C hange (U S D Bn) % 1.7 1.7 2.1 2.2 33.6 -4.8% -3.2% -2.8% -2.2% -1.9% M TD % YTD % -3.6% -6.8% -4.8% -2.2% 0.4% -3.6% 4.1% 8.0% 0.8% -2.7% 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 C lose P rice 1,811.6 26.8 59.3 38,858.4 C hange % -1.1 M TD % -1.9 -0.6 6.2 17.3 YTD % -4.5 1.8 14.6 34.0 High 52-Week Low 2,063.2 29.2 59.3 40,667.1 1,469.8 12.0 19.3 4,841.7 1.2 105.4 0.3 6.5 21.8 4.3 -0.8 0.6 0.0 0.6 -34.2 -1.4 2.1 -0.3 -0.9 -4.3 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.4 13.7  UAE’s economy might have contracted by as much as 7.7% in 2020, with core economic sectors --- the hydrocarbon, tourism and retail sectors --- among the most affected. – Knight Frank  U.S. President Joe Biden's USD 1.9 trillion relief plan could generate enough growth to restore full employment by 2022. – Treasury Secretary Janet Yellen  Dubai’s health authorities are on track to administer COVID-19 vaccination to 100% of its adult population by Q4 of 2021. – Head of Dubai’s COVID-19 Command and Control Centre  Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies ’ ability to ramp up production. – 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. 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