Pre-Trading Thoughts

ORHD| Your USD-Based Asset Pick ORHD (FV: EGP20.38, OW) is one of our top picks in light of the usual rush to real estate as a store of value amid potential EGP depreciation, especially since units and land in El Gouna are priced in USD, and the company’s exposure to incoming tourist arrivals, fueling its recurring income portfolio by virtue of its hotel business and commercial town management business. We select ORHD given the following points: Solid sales; 2023 witnessed impressive sales an...