Pre-Trading Thoughts

All in ORWE's Favor: Local Currency Weakness, Export Rebates, Low Global PP Prices, and Attractive Distributions ORWE (FV: EGP23.42, OW) is one of our top picks in the consumer sector, especially in light of the expected local currency depreciation, given that nearly 65% of its revenues are dedicated to exports, which also translates into higher export rebates, coupled with resilient local market and declining polypropylene prices. The Egyptian government is preparing to introduc...