Morning Bulletin Nov 24 32016- Jazira Capital

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Nov 27, 2016 - Corporate News .... Stock dividend 1:5 stock dividend distribution (Dis. ... Stock Market Broker, regulat
THE MORNING BULLETIN

JAZIRA SECURITIES BROKERAGE

Sunday, November 27, 2016

Corporate News

General News

South Cairo Mills posts EGP1.157 mn profits in October

Egypt seeks floating stakes in public utility companies

South Cairo and Giza Flour Mills and Bakeries (SMFC.CA) reported net profits of EGP1.157 million for October 2016, up from EGP59,000 for the same period a year earlier. The company reported earlier, net profits of EGP6.1 million for 1Q FY17 compared with EGP239,000 for the similar period of the previous year. (EGX)

Egypt government seeks to divest partially from number of state-owned enterprises and banks, said Minister of International Cooperation Sahar Nasr. The government also targets floating stakes in public utility companies, which have historically been excluded from divesture as a strategic sector, noted Nasr. The government realizes that the country’s future is correlated with supporting the citizens and entrepreneurs economic prospects, without state – aggressive intervention, added Nasr. (Reuters)

  Heliopolis Housing says evacuation of Maryland Casino Heliopolis Housing (HELI.CA) said the court rule of evacuating Maryland Casino was postponed. The evacuation was scheduled to take place on 24 November. Last September, Magic Dreams Co., the current tenant of the casino, has challenged the evacuation that was scheduled to take place in 29 May 2016. (Mubasher)

  KABO suffers EGP983,600 losses in 3Q FY16  

El Nasr Clothing and Textiles (KABO.CA) posted net losses of EGP983,600 for the third quarter of 2016 compared with EGP917,400 for the same period of the previous year. The company reported as well revenues of EGP42.07 million for 3Q FY16, up from EGP39.79 million for the comparable period of the preceding year. (Mist News)

  TVM Healthcare to resume buying Ameco Medical's shrs TVM Healthcare Acquisition III Limited Company said it was seeking to continue purchasing the rest of Ameco Medical Industries' s (AMES.CA) hares between 27 November and 1 December, the Egyptian ExchangeEGX. In September, TVM Healthcare Acquisition III Limited executed a buy offer of 131,892 shares, at EGP19.5 per share and at a total value of EGP2.57 million. TVM Healthcare currently holds 94.89% of Ameco’s shares, after raising its stake from 36.9% in June. (Mubasher)

  Returns on Egyptian T-bills rise Thursday Returns on the Egyptian government’s treasury bills went up on Thursday’ auction, according to date released by the Ministry of Finance-MoF. The average return on the 182-day bills increased to 18.258% from 17.716% in last week’s auction. On the other hand, the return on the 364day bills also grew to 18.034% from 17.606. On 3 November, the Central Bank of Egypt-CBE decided to float the Egyptian pound and to raise interest rates by 300 basis points. The central bank of Egypt-CBE announced earlier it is targeting to issue EGP9.25 billion worth of treasury bills on Thursday. (CBE)

  Solid Capital establishes investment bank in Egypt Solid Capital Group, which its head office is in the Netherlands, announced it finalized establishment of the investment bank in Egypt, according to the Egyptian law 95 for 1992, after obtaining the Egyptian Financial Supervisory Authority’s-EFSA approval. Solid aims to make Egypt as its regional center to offer investment bank services to the Gulf region and Africa. Solid Capital-Egypt targets to open branches in the Arabian Gulf as well as Africa. (Mubasher)

 

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THE MORNING BULLETIN

JAZIRA SECURITIES BROKERAGE

GDRs (Previous day close)

US$

% Change

COMIq.L

4.28

▲0.1

ETELq.L

2.51

-

HRHOq.L

2.11

▼0.2

OTMTq.L

0.38

-

Sunday, November 27, 2016

Money Market (latest available)

Rate

Inflation Rate (Oct. 2016)

15.72%

Overnight deposit Rate

14.75%

Overnight lending Rate

15.75%

182 TB

18.258%

364 TB

18.034%

Overnight Interbank

11.82%

Corporate Calendar Company

RIC

Date

Event

Details

Eastern Tobacco

EAST

1/11/2016 (Rec. date)

Cash dividend

EGP12.0/share (Dis. 6/11/2016)

Faisal Islamic Bank

FAIT

2/11/2016 (Rec. date)

Stock dividend

1:5 stock dividend distribution (Dis. 3/11/2016)

North Cairo Mills

MILS

10/11/2016 (Rec. date)

Cash dividend

EGP1.0/share (Dis. 15/11/2016)

Naeam Holding

NAHO

10/11/2016

EGM

Alex Flour Mills

AFMC

13/11/2016 (Rec. date)

Cash dividend

EGP1.7/share (Dis. 16/11/2016)

Galxo SmithKline

BIOC

14/11/2016 (Rec. date)

Cash dividend

EGP5.0/share (Dis. 17/11/2016)

Media Production City

MPRC

17/11/2016

AGM

Approve FY15 ending Dec. 2015 financial results &approve the distribution of 1:50 proposal stock dividend

Golden Tex

GTWL

30/11/2016 (Dis. date)

Cash dividend

EGP0.2499/share second Installment (Rec. was 26/9/2016)

Abu Kier Fertilizers

ABUK

22/12/2016 (Dis. date)

Cash dividend

EGP6.95/share 17/10/2016)

Mohandas Insurance

MOIN

15/2/2017 (Dis. date)

Cash dividend

EGP1.5/share 31/10/2016)

Consider registering a stake on Abu Dhabi Securities Exchange (ADX)

second

second

Installment

(Rec.

was

Installment

(Rec.

was

2

THE MORNING BULLETIN

JAZIRA SECURITIES BROKERAGE

Jazira Securities Brokerage 15 Shooting Club Street, Dokki, Giza, Egypt Tel: (+202) 3760 9915 - 37609941 Fax: (+202) 3760 9883 www.jaziracapital.com

Sunday, November 27, 2016

Jazira Securities Online Trading You can trade online through Jazira Securities online trading portal ... Please contact our Marketing Department for further information..

JSB Contacts

Title

Tele.

Email

Hussein El Sawalhy, CFA

Managing Director

(+202) 3760 9915

[email protected]

Ahmed Helmy

Head of Sales & Trading

(+202) 37609941

[email protected]

Nada Safeer

Research Department

(+202) 37609883

[email protected]

Mohamed Mamdooh, CETA, CFTe Senior Technical Analyst

(+202) 3760 98 73

[email protected]

George Mansour

Customer Service

+20122 921 4069

[email protected]

Amr Abdo

Marketing Manager

+20109 166 1366

[email protected]

Disclaimer • • • • • • • • •

Jazira Securities Brokerage (JSB) is a licensed Egyptian Stock Market Broker, regulated by the Egyptian Financial Service Authority. Opinions, estimates and projections contained in the research reports or documents are of the author as of the date published and are subject to change without notice JSB research reports or documents are not, and are not to be construed as, an offer to sell or solicitation of an offer to buy any securities. Unless otherwise noted, all JSB research reports and documents provide information of a general nature and do not address the circumstances of any particular investor. Neither JSB nor its mother company (Jazira Capital), or any of its affiliates accept liability whatsoever for any investment loss arising from any use of the research reports or their contents. The information and opinions contained in JSB research reports or documents have been compiled or arrived at from sources believed reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness. JSB, Jazira Capital or any of its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent. JSB research reports and all the information opinions and conclusions contained in them are protected by copyright. The research reports or documents may not be reproduced or distributed in whole or in part without express consent of JSB Research. JSB research reports or documents, recommendations and information are subject to change without further notice.

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