Pre-Trading Thoughts

The government raised the local wheat purchase price to EGP1,500 per ardeb. US inflation reached 5% YoY in March 2023. Turkey is offering to trade with Egypt using local currencies. An alliance consisting of Smart Engineering Solutions and Frenell GmbH will establish two electricity generation stations using concentrated collectors system with a total power of 70MW and an investment cost of EGP11 billion. We initiated coverage on SUGR with a FV of EGP27.6/share and an Equalweight recomm...