Pre-Trading Thoughts

PMI is slightly down in October to 48.7 from 48.9 in September, due to stock shortages, output falling, and higher inflation The government is setting up a new committee on import substitution and growing domestic manufacturing CLHO is in negotiations with Al-Marasem International for establishing a hospital in New Cairo, pending Ministry of Health approvals; CLHO is currently trading at 2022f P/E of 16.6x and 2022f EV/EBITDA of 9.9x Retail pharma sales recorded EGP62.0 billion during 9M21 (+...