Pre-Trading Thoughts

COMI's 4Q21 net profit recorded a robust EGP3.37 billion (+16% y/y); FY21 bottom line to EGP13.27 billion (+30% y/y); FY21 net profit was supported by a lower effective tax rate coupled with significantly lower provisions (-67% y/y); Stock is trading at P/E 2022of 7.2x and P/B 2022 of 1.2x Goldman Sachs and law firm White & Case will advise HRHO’s BoD on the acquisition by FAB; The board also gave the go-ahead for FAB to conduct due diligence on EFG, pending approval from regulatory bodie...