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Egypt / Strategy Note / 2021 Outlook
What a year 2020 has been!
It started off with a global economic crisis in the making as investors were running multiple scenarios trying to understand the ramifications of an all-out U.S.-China trade war. But related economic risks began to subside somewhat following the Trade One deal between the world’s two largest economic powerhouses. Yet, the world had no chance to breathe a full sigh of relief, having been slapped with another global crisis – albeit health-related at that time, the COVID-19 pandemic.
Just to avail ourselves of history, we look back to capture the big picture and how it all played out. While we examined our local market in
hindsight, our outlook for the most part does not derive from historical data. Instead, we developed new lenses to look at the market from different, yet more revealing, angles. These lenses are style and quantitative. Please see summary performance in Figures 1 and 2.
In this strategy note, we also lay down our economic outlook for 2021 as well as our sector views and stock views. We put together a list of 20 stocks to long and eight stocks to short in the form of stock cards for ease of reference.
As for the above title, please read on for more details …
Amr Hussein Elalfy MBA, CFA
Head of Research
T +202 3300 5724