Pre-Trading Thoughts

Pitch: FX-Sensitive Stocks: How high can we fly? Since the market has been over-rewarding FX-sensitive stocks (naturally), it is only logical to ask ourselves the question of how high those stock prices can go. We assume that an FX rate of EGP35-40/USD as an average over the five-year period (2023-2027) and check the impact on fair values. Conclusion: AMOC, ESRS, EGAL, and MFPC (some with high DY too) are still showing better potential for rerating than ALCN, EFIC, SWDY, SKPC, and ABUK. Key e...