Pre-Trading Thoughts

Government raised gas cost for the industrial sector to USD5.75/MMBtu Fertilizer companies have demanded an increase in the prices of supplying subsidized fertilizers from EGP2,900/ton to EGP3,480 ABUK’s CEO: Company’s financial advisors are to re-study the feasibility of its projects after the hike in natural gas prices SKPC 3Q21 net profit hit EGP75 million (+13%YoY, -3%QoQ); SKPC had undergone planned maintenance shutdown; SKPC is trading at 2021e P/E of 9.8x and 2022e P/E of 6.7x Foreign ...