Latest in Tag: HC Highlight
Latest in Tag: HC
HC maintains overweight rating on Orascom Development stock
ODE stock takes hit due to tourism sector exposure, despite impressive real estate operations
Potential inflationary pressures discourage further interest rate cuts: HC
Annual headline inflation down to 5.3% in February
HC expects SODIC’s revenues to record EGP 23bn from launched projects in 2020-2022
HC forecasts point to future cash collections of EGP 18.0bn over 2020–27e from launched projects, of which EGP 10.9bn are related to outstanding receivables.
HC expects CBE to cut interest 0.5% during its next meeting on 26 December
We expect annual inflation to rise in December to 7.3%, which is much less than the CBE’s target, in line with the monetary easing policy, says Monette Doss
HC expects CBE to cut rates by 50 bps in its next meeting
Headline inflation continued to decelerate for the fourth consecutive month from its high level back in May, says economist.
HC expects interest rate cut by 100 bps at CBE’s Thursday meeting
Inflationary pressures to ease dramatically following July’s subsidy lift, says Monette Doss
HC attributes $2bn decline in foreign reserves mainly to debt repayment
Egypt’s net international reserves declined to $42.551bn in December from $44.513bn in November 2018, according to the Central Bank of Egypt (CBE) data. HC Securities and Investment (HC) said on Tuesday that the $0.9bn foreign portfolio outflow corresponds to a net foreign liability position of domestic banks widening to $7.3bn in November from $5.5bn in …