MENA Daily Morning Brief - 9 March

Transcription

1. Research @Markaz.com Daily Morning Brief Equity Watch Value Traded & Advances/Decline Ratio M. Cap Close Change (USD Bn) Price % 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 1,599 Saudi Aramco SABIC 56 Saudi Telecom 43 38 Al-Rajhi Bank NCB 30 United Arab Emirates 36 FAB 35 ETISALAT 18 Emirates NBD 13 DP World 11 ADCB Kuwait 19 NBK 16 KFH 7 Zain 5 Boubyan Bank 3 Agility Qatar 46 Qatar National Bank Industries Qatar 13 10 Qatar Islamic Bank 8 Masraf Al Rayan Mesaieed Petro 6 MTD % YTD 3-Yr 5-Yr P/E % CAGR CAGR TTM Companies 96 6,846 9,037 4,394 5,307 6,132 2,267 1,563 3,995 -7.4 -8.3 -2.9 -5.4 -8.3 -8.3 -7.9 -3.4 -2.7 -10.0 -10.3 -4.8 -10.4 -12.6 -12.6 -12.5 -5.9 -3.3 -17.3 -1.1 -18.4 -0.3 -13.3 -4.8 -13.4 -0.5 -15.5 1.4 -15.5 5.0 -18.0 -13.6 -3.0 4.9 0.3 -11.6 -5.1 -6.7 -5.7 -0.5 -9.3 1.2 -9.0 15 16 13 11 14 14 6 12 8 Saudi Arabia Kuwait UAE Qatar Bahrain Oman 1,914 162 138 80 2 9 206 164 132 46 44 121 10 13 13 3 15 11 191 127 63 41 14 35 5 24 56 2 15 75 1,061 127 97 63 2 6 Total 2,305 713 65 471 177 1,356 44,346 25,916 2,252 5,283 2,149 2,972 6,463 1,471 - 0.4 0.6 -1.8 -2.6 -8.9 -8.0 -14.3 -14.5 5.2 7.8 -4.2 -2.2 4.7 7.8 -0.8 -0.7 20 21 15 13 Yield Curve & CDS Watch 5,932 5,051 957 1,012 3,180 37,577 - 0.7 5.4 -1.9 -9.2 -0.5 -8.9 3.0 -1.9 9.1 1.4 -1.6 5.6 15 13 21 Close Price Change % MTD % YTD % 3-Yr CAGR 5-Yr CAGR P/E TTM 30 71 80 57 38 -9.1 -10.0 -4.7 -7.0 -10.0 -10.0 -10.4 -2.8 -8.4 -14.7 -14.9 -24.9 -21.1 -13.3 -23.2 -9.9 6.9 11.5 12.3 -5.3 3.5 6.5 -3.3 17 38 15 14 10 12 15 10 16 6 -6.7 -3.5 -9.6 -1.0 -8.3 -14.5 -5.3 -17.5 -1.2 -16.4 -19.3 -8.6 -20.4 22.5 -24.7 6.1 -5.7 9.0 -9.9 -6.5 0.4 5.9 3.0 -4.1 -4.1 11 15 4 10 8 879 679 480 555 592 -9.3 -9.9 -10.9 -9.0 -16.6 -13.2 -14.5 -14.3 -12.9 -25.5 -17.9 -16.3 -20.0 -13.4 -27.6 10.7 14.0 -0.3 17.5 13.4 5.0 7.0 -1.6 11.3 2.0 15 19 10 27 12 18 8 15 4 2 -4.7 -3.6 -2.2 -1.9 -4.4 -2.9 -14.2 -4.2 -1.7 -6.4 -11.1 -25.0 -2.5 1.0 -34.0 7.0 -12.2 13.7 -0.6 3.4 3.9 -11.9 7.8 -3.1 -9.6 12 18 12 14 17 Companies Saudi Arabia Fertilizers Co SJSC Al Khalij Commercial Bank PQSC Qatar Fuel Company QPSC - LIBOR (In %) Country KSA Qatar Qatar US Treasuries (In %) KIBOR Yield Curve (%) 5-year CDS Spread Country 52-Week Current 2019 81.3 51.5 126.8 41.3 54.5 358.5 176.4 - 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 96.1 62.7 148.5 64.2 76.4 358.5 299.1 13,893.4 58.5 34.6 90.6 30.4 36.5 199.0 158.5 714.7 Interest Rate Watch Deposit Rate 3M Rate % Spread % U.S. 0.8 Kuwait 2.6 KSA** 1.1 UAE 1.2 Qatar 1.4 Oman 2.3 Bahrain 1.9 Euro Region -0.6 Last FOMC Meeting Date: Jan 28/29 M. Cap Change MTD YTD (USD Bn) % % % 7.8 3.7% 4.2% -9.7% 1.2 0.8% -4.0% -8.4% 4.6 0.5% -11.9% -25.8% Top 5 Losers*  1.9 0.4 0.4 0.6 1.5 1.2 -1.3 5YR Rate 10YR Rate 0.4 1.2 1.6 1.3 2.6 3.5 4.4 -0.9 Next FOMC Mt Date: Mar 0.5 2.4 2.4 1.6 2.0 5.3 4.7 -0.7 17/18 Commodity Watch Companies Country Agility Public Warehousing Co KSCP Mabanee Company KPSC Gulf Bank KSCP Burgan Bank KPSC Mobile Telecommunications Company KSCP Kuwait Kuwait Kuwait Kuwait Kuwait M. Cap Change (USD Bn) % 3.4 2.4 2.4 2.1 6.8 -16.6% -14.6% -13.5% -13.4% -10.9% MTD % YTD % Precious Metals -25.5% -18.6% -16.8% -17.8% -14.3% -27.6% -23.6% -21.8% -21.1% -20.0% 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 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 Oil prices plunged around 25% on Monday, heading towards their biggest daily loss since 1991 after Saudi Arabia slashed prices and set plans for a big increase in crude production in April–  Reuters  Value Traded Listed ADTV – 1M Advances Declines Unchanged (USD mn) companies (USD mn) 393 2,020 126 127 110 110 68 26 13 Top 5 Gainers*   March 09, 2020 Gold prices jumped past the $1,700 per ounce level for the first time since late 2012 on Monday, as a widening coronavirus outbreak and a plunge in crude oil hammered equities and sent investors scurrying for safe havens. – Reuters  Close Price 1,673.9 17.3 45.3 8,033.7 Change % -9.7 MTD % 5.6 3.9 -10.4 -5.8 1.1 105.3 0.3 6.9 41.9 - 2.4 -2.6 -0.2 -0.9 4.6 52-Week YTD % High Low 10.3 1,673.9 1,270.3 -2.9 19.6 14.3 -31.4 74.5 50.1 12.1 12,921.3 3,842.9 0.7 -3.0 0.7 -0.5 204.4 1.1 112.2 0.3 7.2 40.1 1.1 105.3 0.3 6.7 11.5 The safe-haven yen soared, the euro jumped after U.S. treasury yields dropped and export sensitive currencies fell to multi-year lows on Monday as coronavirus fears routed global markets. – Reuters Kuwait's premier stock market suspended trade on Sunday after the key index fell 10%, reacting to a collapse in OPEC's pact with Russia to restrict oil supplies.– 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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