KEY THEMES
We just published last night our outlook for 2021 under our new product STANDPoint, our equity strategy series. In the strategy note titled “Egypt 2021 Investing Playbook”, we lay down our outlook for 2021 in six sections:
FOREWORD, where we discuss how global markets and the different asset classes performed in 2020, what COVID means to the corporate world, and how the economic cycle is likely to shape up for Egypt as part of what dubbed as “To Kim, With Love”.
MACROView, where we analyze the macro picture in Egypt and what it means for the country’s economic KPIs.
SECTORView, where we lay down our views on the different sectors.
-STOCKView, where provide what we claim to be the first analysis of its kind to be conducted on Egyptian stocks’ performance, covering characteristics such as type, yield, insider sentiment, price levels, trading liquidity, volatility, and beta.
STOCKCards, where we summarize our top picks for the market in 2021 with 20 long ideas and 8 short ideas.
-MARKET in Figures, where we summarize the market performance and key KPIs in figures to focus on certain aspects such as trading statistics, category performance in 2020, investor trading activity by type and nationality, revenue seasonality, and our 7-KPI based equity screens.
Positive
20 Long Ideas: CIEB, COMI, AUTO, CIRA, MTIE, ORWE, OLFI, EKHO, ISPH, ORAS, SWDY, ABUK, MFPC, MICH, BINV, CICH, HRHO, ELSH, EMFD, and ETEL.
NEGATIVE
8 Short Ideas: ACGC, KABO, RAYA, AFDI, ALCN, PRCL, UNIP, and FWRY.