Morning Bulletin March 9 2016- Jazira Capital

2 downloads 183 Views 91KB Size Report
Mar 9, 2016 - Commercial International Bank (COIM.CA) – Egypt said ... EGP0.75 per share. The bank will start distribu
THE MORNING BULLETIN

JAZIRA SECURITIES BROKERAGE

Wednesday, March 09, 2016

General News

Corporate News Record date for CIB cash dividend 21 March 2016.

Egypt allocates EGP10 bn for developing Sinai

Commercial International Bank (COIM.CA) – Egypt said shareholders of record until 21 March would be entitled to its cash dividends of EGP0.75 per share. The bank will start distributing the dividends as of 24 March.

President Abdel Fattah El Sisi said an amount of EGP10 billion (US$1.3 billion) was allocated to finish the development plan of Sinai within one and half year. The government has completed the establishment of 20,000 residential units in Ismailia and it works on finishing the first phase of the “One million- People City” at East Port Said area project that would comprise 15,000 residential units. Meanwhile, the government is working on finishing the establishment of marble-production complex that would comprise between four to five factories.

(Mist News)

Canal Shipping eyes EGP42.2 mn profits in FY17.

Canal Shipping Agencies (CASG.CA) said it targets net profits before tax of EGP42.2 million in the fiscal year 2016/17. The firm targeted net (Mubasher) profits before tax of EGP39.5 million in the previous year (EGX)

Rowad Tourism calls for OGM March, 30 2016. The ordinary general meeting of Rowad Tourism (ROTO.CA) will consider on 30 March the financial results for the period ended 31 December 2015. Rowad’s shareholders will also consider the approval of the financial statements and board’s report for the same fiscal year. (Mist News)

Wadi Kom Ombo awarded EGP2.7 mn tender Wadi Kom Ombo Land Reclamation (WKAL.CA) said it was awarded a tender worth EGP2.7 million by the Nile river drainage management. (Mubasher)

Rubex losses widen 231% in FY15. Rubex International for Plastic (RUBX.CA) said its losses for 2015 have widened 231%. The company suffered losses of EGP12.3 million in 2015, compared with EGP3.7 million in the previous year. (EGX)

Kima to discuss bonus share distribution 30 March 2016. The Egyptian Chemical Industries (EGCH.CA) will hold its ordinary and extraordinary general meetings on 30 March. During the ordinary meeting, shareholders will vote on a bonus share distribution for the fiscal year ended 30 June 2015. The extraordinary meeting will consider raising the issued capital to EGP2.03 billion from EGP1.9 billion. The EGP65.3 million increase is divided into 13 million shares at a par value of EGP5 each. Shareholders will also vote on raising the authorised capital to EGP3 billion from EGP2 billion. The capital hike proceeds will be partly used in rehabilitating the company's factories at a total cost of nearly US$730.8 million. (Mist News)

Alex Pharma eyes EGP63.75 mn profits in FY17. Alexandria Pharmaceuticals and Chemical Industries (AXPH.CA) said it targets an increase of 22.5% in net profits for the fiscal year 2016/17. The drug firm eyes net profits of EGP63.75 million in FY16/17, up from EGP52 million in FY14/15. (EGX)

Crude Oil (Light)

36.69

▲0.5

Gold

1,258

▼0.4

Euro/US$

1.0980

▼0.3

International Indices (One Day Change)

Dow

16,964

▼0.6%

FTSE100

6,125

▼0.9%

Nikkei 225

16,642

▼0.8% MSCI Global

1,215

▼1.0%

S&P 500

1,979

▼1.1%

CAC 40

4,404

▼0.9%

HANG SENG

19,977

▼0.2% MSCI Emerg.

788

▼0.9%

NASDAQ

4,649

▼1.3%

DAX

9,693

▼0.9%

Shanghai

2,863

▼1.3% MCSI Asia

126

▼0.6%

1

THE MORNING BULLETIN

JAZIRA SECURITIES BROKERAGE

GDRs (Previous day close)

USUS$

Wednesday, March 09, 2016

% Change

COMIq.L

3.58

-

ETELq.L

4.25

-

HRHOq.L

1.46

-

OTMTq.L

0.59

-

Money Market (latest available)

Rate

Inflation Rate (Jan. 2016)

10.10%

Overnight deposit Rate

9.25%

Overnight lending Rate

10.25%

91 TB

11.596%

273 TB

12.476%

Overnight Interbank

9.41%

Corporate Calendar Company

RIC

Date

Event

Details

Mohandas Insurance

MOIN

9/3/2016 (Rec. Date)

Stock Dividend

1:3 stock dividend (Dis. Date 17/3/2016)

Egypt Starch &Glucose

ESGI

14/3/2016 (Rec. Date)

Cash Dividend

EGP0.820/Share (Dis. Date 17/3/2016)

Cairo Poultry

POUL

14/3/2016 (Rec. Date)

Cash Dividend

EGP0.50/Share (Dis. Date 17/3/2016)

Arab Ceramics –Arasmco

CERA

21/3/2016

AGM

Approve FY15 financial results.

Sinai Cement

SCEM

23/3/2016

AGM

Approve FY15 financial results.

Egyptian Gulf Bank

EGBE

23/3/2016

AGM & EGM

Misr Beni Suif Cement

MBSC

26/3/2016

AGM

Mansoura Poultry

MPCO

26/3/2016

AGM & EGM

Delta Sugar

SUGR

26/3/2016

AGM

Approve FY15 financial results.

Credit Agricol Egypt

CIEB

31/3/2016

AGM

Approve FY15 results & EGP1.96/share cash dividend.

AMOC

14/4/2016 (Dis. date)

Cash Dividend

EGP2.0/Share second installment (Rec. Date was 11/10/2015)

AMOC

Approve FY15 financial results & stock dividend distribution. Approve FY15 financial results.

Approve FY15 financial results & amending main articles.

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

Wednesday, March 09, 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]

Mohamed Adel, CFA

Research Department

(+202) 37609883

[email protected]

Momen El-Shayal, 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.

3