Pre-Trading Thoughts

ADIB Egypt offers the best value amongst Egyptian Banking Stocks ADIB‘s (FV: EGP70.00, OW) potential has been unleashed after resolving the capital increase issue which has been acting as a key overhang on share price performance. We expect the market price of the stock to rally further on strong fundamentals and solid business operations: •The bank is able to achieve maintains strong margins above peer group average. •The bank has the highest provisions coverage and the lowest NPL’s ...