KEY THEMES
We continue to await some important Q2 2021 earnings results of large cap companies, one of which just reported this morning, namely Elsewedy Electric [SWDY]. The company just reported yet another stellar set of results, posting 73% y/y higher earnings of EGP890mn on 47% y/y higher revenues of EGP13.7bn. The stock is now trading at a TTM P/E of 5.2x and EV/EBITDA of 3.7x. With a TTM ROE of 21% and a recent history of being a good dividend payer, if these results are not good enough, we don't know what is!
POSITIVE
SWDY: Better-than-expected earnings should bode well for the stock in the near future.