Egyptian stock alert

EGYPT

CLOSING UPDATE: Egyptian Satellite jumps 6.8% 14 June 2018 15:07 EET

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Egyptian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Egyptian Satellite, Egypt's largest technology company by market capitalisation, has jumped 58.0c (or 6.8%) to trade at $US9.10. Compared with the EGX 30 Index which rose 42.6 points (or 0.3%) in the day, this represented a relative price increase of 6.5%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Dividend yield of 6.6% [5.4%]

Note

Egyptian Satellite today is at a discount of 24.2% to the 12-month high of $US12.0 on 27 Feb, 2018. It is at a premium of 23.0% to the 12-month low of $US7.40 on 22 Aug, 2017.

The stock has outperformed 70% of the Egyptian market over the past 6 months.

Bearish Signals:

The price sank 5.2% in the last month.

TODAY'S ALERT

Afternoon Alert: Egyptian Satellite jumps 6.8%, leads Technology sector higher

14 June 2018 12:11 EET

Egyptian Satellite Co SAE (CA:EGSA) has jumped 6.8% to trade at $US9.10 vs. the Technology sector which strengthened 1,023.9 points (or 4.8%) to 22,192.7. Representing a weighting of about 64.7% of the sector, the stock accounted for 91.0% of today's gain. Trading volume was 5% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Egyptian Satellite lifts 2.0%

11 June 2018 15:09 EET

Egyptian Satellite, Egypt's largest technology company by market capitalisation, traded on volume of 0.6 times average today while the price lifted 17.0c (or 2.0%) to trade at $US8.52. Compared with the EGX 30 Index which fell 221.5 points (or 1.4%) in the day, this represented a relative price increase of 3.4%.

Afternoon Alert: Egyptian Satellite soars 10.2%, leads Technology sector higher

11 June 2018 12:11 EET

Egyptian Satellite Co SAE (CA:EGSA) has soared 10.2% to trade at $US9.20 vs. the Technology sector which strengthened 1,181.3 points (or 5.6%) to 22,367.5. Representing a weighting of about 64.7% of the sector, the stock accounted for the gain.

Egyptian Satellite Co SAE (CA:EGSA; CAI:EGSA; EY:EGSA)

ISIN: EGS48022C015

PermID: 4295866284

Source: www.BuySellSignals.com