Pre-Trading Thoughts

ORAS reported neutral results with net income at USD 28.4 million in Q3 2021 (-6% YoY) and USD 76.1 million in 9M 2021 (+17% YoY); New awards hit USD962 mn in 3Q21 (+43% YoY) and USD1,696 mn including Besix (+86% YoY); ORAS is trading at 2022 P/E of 4.3x and EV/EBITDA of 2.7x IDHC released strong 9M21 net profit EGP1,101 million (+195% YoY); net profit came in at EGP454 million in 3Q21 (+134% YoY, +41.8% QoQ), IDHC trading at 2022f P/E of 11.7x and EV/EBITDA of 5.9x PHDC reported impressive 3...