MENA Daily Morning Brief - 8 December

Transcription

1. Research @Markaz.com Daily Morning Brief Equity Watch Indicators GCC Markets S&P GCC Composite Saudi (TASI) Qatar(QE Index) Abu Dhabi (ADI) Kuwait All Share Index (PR) Kuwait All Share Index (TR) Dubai (DFMGI) Bahrain (BAX) Oman(Muscat SM) Developed markets MSCI World Index U.S. (S&P 500) U.K. (FTSE) Japan (Topix) Emerging markets MSCI EM Index China (Shanghai Indx.) India (Sensex) Value Traded & Advances/Decline Ratio M. Cap Close Change (USD Bn) Price % Blue Chip Watch Companies December 08, 2020 M.Cap (USD Bn) Saudi Arabia Saudi Aramco 1,901 77 SABIC Saudi Telecom 57 49 Al-Rajhi Bank NCB 34 United Arab Emirates 47 TAQA 40 ETISALAT 39 FAB 20 Intl. Holding Co. 19 Emirates NBD Kuwait 19 NBK 17 KFH 9 Zain 6 Boubyan Bank 5 Agility Qatar 47 Qatar National Bank Industries Qatar 19 13 Ezdan Holding 11 Qatar Islamic Bank Masraf Al Rayan 9 MTD % YTD 3-Yr 5-Yr P/E % CAGR CAGR TTM 449 2,454 152 199 107 107 72 21 11 114 8,633 10,604 5,042 5,566 6,700 2,483 1,495 3,654 0.4 0.6 -0.2 0.2 0.6 0.6 0.0 0.1 0.1 0.4 -1.3 3.3 1.6 2.0 2.0 2.6 1.2 0.3 -2.0 5.7 2.9 6.8 1.7 10.9 -0.7 5.6 -11.4 5.5 -7.6 9.2 -10.2 -9.9 -7.2 5.7 -8.2 -10.3 3.7 4.4 1.1 4.3 -3.4 4.3 -7.7 15 20 17 15 20 20 9 9 9 49,095 32,508 2,519 6,304 2,636 3,692 6,555 1,761 -0.1 -0.2 0.1 -0.9 2.0 1.9 4.6 0.3 11.8 8.3 14.3 11.7 -13.1 -3.9 2.3 -0.8 9.6 12.5 1.5 2.7 28 29 17 20 7,116 6,174 1,185 1,253 3,581 45,427 0.2 -0.8 0.8 4.0 0.7 2.9 12.4 12.1 10.1 9.7 -0.2 12.5 20 15 28 4.1 1.3 11.0 Close Price Change % MTD % YTD % 3-Yr CAGR 5-Yr CAGR P/E TTM 36 97 107 74 43 -0.1 0.1 0.4 0.3 0.9 -1.0 -0.2 -0.9 -0.8 1.4 1.1 3.0 4.9 13.5 -13.0 -1.6 15.4 21.3 8.2 2.0 9.7 18.8 4.5 34 20 19 11 2 17 13 40 11 -1.3 -1.0 1.1 0.2 1.9 2.0 -1.4 3.3 0.2 -0.5 191.7 4.4 -14.0 548.4 -16.2 37.9 1.3 8.7 202.7 11.8 25.9 1.3 10.3 103.3 9.1 17 14 33 9 844 683 613 581 679 1.2 0.2 0.3 0.4 0.5 0.4 5.5 -1.2 5.6 -17.2 -7.4 2.2 -4.8 -4.5 11.2 17.3 11.9 19.4 10.5 6.4 14.9 11.2 12.6 17.8 23 33 14 48 23 19 11 2 17 4 0.2 -0.6 0.1 0.4 4.6 2.7 13.5 1.9 4.4 -10.0 9.9 198.9 10.8 12.6 16.0 8.5 25.9 22.2 9.4 8.5 1.9 4.4 8.5 4.2 14 46 14 15 Companies Saudi Arabia 2,550 206 154 31 21 3,054 Kuwait 118 166 61 31 74 283 UAE 276 122 23 26 73 212 Qatar 561 46 10 31 5 177 Bahrain 2 44 18 3 23 2 Oman 5 121 15 7 99 3 Total 3,512 705 281 129 295 3,731 Yield Curve & CDS Watch LIBOR (In %) Companies Fawaz Abdulaziz Alhokair Company Qurain Petrochemical Industries Boubyan Petrochemical Company Mobile Telecommunications Company KSA Arabian Centres Company Country KSA Kuwait Kuwait KSA KSA MTD % 4.3% 6.7% 6.8% -1.8% -1.9% YTD % -11.3% 8.1% -8.5% 12.0% -16.6% M. Cap Change (USD Bn) % MTD % YTD % Top 5 Losers*  US Treasuries (In %) KIBOR Yield Curve (%) 5-year CDS Spread Country 52-Week Current 2019 67.4 38.6 116.8 38.9 38.6 210.0 270.9 - 58.5 34.8 91.0 44.9 36.8 266.0 167.1 3,065.7 KSA Abu-Dhabi Dubai Kuwait Qatar Oman Bahrain Lebanon High Low 232.4 155.0 324.6 84.0 181.0 637.0 508.5 13,893.4 58.5 34.6 90.6 34.3 36.5 199.0 158.5 2,964.3 Interest Rate Watch Deposit Rate Top 5 Gainers*  M. Cap Change (USD Bn) % 1.3 8.0% 1.2 6.3% 1.1 5.2% 3.2 3.2% 3.1 3.0% Value Traded Listed ADTV – 1M Advances Declines Unchanged (USD mn) companies (USD mn) 3M Rate % Spread % 5YR Rate 10YR Rate U.S. 0.1 0.4 Kuwait 1.1 1.0 0.6 KSA** 0.5 0.4 0.8 UAE 0.1 0.6 Qatar 0.1 -0.0 1.9 Oman 2.2 2.1 3.9 Bahrain 2.0 1.9 3.9 Euro Region -0.6 -0.6 -0.8 Last FOMC Meeting Date: Nov 04/05 Next FOMC Mt Date: Dec Commodity Watch Companies Country National Central Cooling Co Damac Properties Dubai Aluminium Bahrain Saudi British Bank Qatar International Islamic Bank UAE UAE Bahrain KSA Qatar 1.9 2.1 1.9 13.5 3.7 -4.5% -3.8% -2.7% -2.4% -2.2% Precious Metals Gold $/oz Silver $/oz IPE Brent $/bbl Bitcoin/USD Currency Watch USD (1 EUR =) Yen (1 USD =) KWD (1 USD =) CNY (1 EUR =) CBOE VIX index -1.5% -23.7% 6.8% 69.6% 3.5% 19.6% -9.0% -28.8% 1.5% -6.9% CAGR – Compounded annual growth rate | ADTV – Average daily traded value | M. Cap - Market capitalization TTM – Trailing twelve months | YTD – Year to date | * Mcap > USD 1bn Note: **12yr for Saudi Arabia; TR = Total Return\PR = Price Return; Total Return is Price Return + Dividend Return Market News 0.9 2.6 2.1 1.3 1.7 5.3 4.7 -0.6 15/16 52-Week Close Price 1,863.7 24.5 48.8 19,173.5 Change % 1.4 1.4 -0.9 2.7 MTD % 4.9 8.4 2.5 -2.7 YTD % 22.9 37.4 -26.1 167.5 High Low 2,063.2 29.2 68.9 19,700 1,461.9 12.0 19.3 4,841.7 1.2 104.1 0.3 6.5 20.8 -0.1 -0.1 0.1 -0.0 - 1.5 -0.2 -0.2 -0.7 1.1 8.0 -4.2 0.5 -6.2 50.9 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.5 12.1 ➢ UAE non-oil private sector contracted in November as indicated by the PMI which stood at 49.5 staying below the 50.0 mark that separates growth from contraction – Zawya ➢ Japan announced a fresh USD 708 billion economic stimulus package on Tuesday to speed up the recovery from the country’s deep coronavirus-driven slump- Reuters ➢ Government and social sector support are key to transforming Saudi and other GCC cities after many were left out of the new Global Cities Index – Kearney ➢ South Korea plans to spend USD 308 billion, most of its annual fiscal budget in the first half of 2021 to shore up growth hit by the coronavirus pandemic–Reuters This report has been prepared and issued by Kuwait Financial Centre K.P.S.C (Markaz), which is regulated by the Capital Markets Authority and the Central Bank of Kuwait. 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