Beltone Financial, one of the leading financial services firm in the region, recommended buying into the Egyptian market. The firm believes that a strong EGP can maintain low inflation at an average of 7%, narrowing the inflationary gap and supporting a gradual up-rise in private spending with a growth of 1.5% in the fiscal year 2019/20.
In market conditions, Beltone Financial said that Egyptian macro visibility, rate cuts, higher growth, and support to the industrial sector offer strong upside to equities. This came from the state’s partial asset sales programme in 2020 that will probably act as a catalyst to unlocking value in the market with an expected 1% to 6% upside to Egypt’s market head, improving liquidity, which is the current key market challenge .
Improved earning translates to more value as Egypt offers the highest earnings per share growth of 15.1% in 2020.
Beltone analysts picked 18 stocks from their coverage of 62 stocks in the region. In terms of Real Estate developers, the draw fell on SODIC and Orascom Development Egypt.
If you wish to know more about what’s available in the real estate market, you can visit us on our website Nawy and take a look at our wide selection of exclusive homes.
Eid Al-Adha in Egypt is all about festive energy, joy, and spending time with your…
Summer 2025 is approaching, and all eyes turn to El Sahel Egypt. When it comes…
If you are an attentive person who enjoys working with people and negotiations, then a…
Commercial real estate terms and definitions are among the most important tools needed by any…
Diving through crystal clear water and wandering through its paradise is one of the most…
Nawy, Africa’s largest proptech platform, has raised $52 million in Series A equity funding to…