Egyptian stock alert


Afternoon Alert: Telecom Egypt hits 52-week high fifth time in one month 22 April 2018 12:10 EET


Telecom Egypt Co SAE (CA:ETEL) hit a 52-week high of LE15.30 today for the fifth time in the past one month and last traded at LE15.04. This brought its seven-day rise to LE2.41 or 19.1%. Trading volume was 77% of average so far today.

SECTION 1: The past week

Current indications of bullish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: Telecom Egypt soars 20.0% in 2 weeks; nears a 22-month high April 19, 2018 14:30 EET

Telecom Egypt Co SAE (CA:ETEL), Egypt's 2nd largest Telecommunication company by market cap, traded near it's twenty two-month high. It lifted LE1.63 (or 12.3%) in the past week to close at LE14.85. The stock soared for a second week recording a rise of LE2.48 (or 20.0%) in the past two weeks. Compared with the EGX 30 Index which rose 370.4 points (or 2.1%) in the two weeks, this represented a relative price increase of 17.9%. This has been propped up by spectacular volume of 5.7 times average for the week. In the past week the market cap has jumped LE2.8 billion (US$157.2 million).

1.2 5-day Recap

Telecom Egypt outperformed the EGX 30 index in 5 out of 5 days.

[Volume Index (VI); 1 is average]

DayHeadlineClose price [EGP]Price change %Relative change %Comment
ThursdayTelecom Egypt keeps rising, up 17.6% in 6 days14.851.00.6VI=5.7
WednesdayTelecom Egypt keeps rising, up 16.4% in 5 days14.70.81.3VI=4.4
TuesdayTelecom Egypt hits year-high 2nd time in one month14.595.14.1Top Rise; VI=6.6
MondayTelecom Egypt keeps rising, up 9.9% in 3 days13.880.90.8VI=5.3
SundayTelecom Egypt up 8.9% in 2 days13.754.03.9VI=7.4

SECTION 2: Technical indicators


The positive 0.58 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal. In the past week, the stock's MACD has been positive every day, a reinforcing bullish signal.

In the Egyptian market, the stock's relative price strength percentile is improving at 60 for 6 months, 66 for 3 months and 93 for 1 month.

In the last one month the stock has hit a new 52-week high five times, pointing to an uptrend.

The present value of EGP1,000 invested one year ago is LE1,409 [vs LE1,391 for the EGX 30 Index], including a capital gain of LE297 and dividend reinvested of LE112. The total return to shareholders for 1 year is 40.9%.



The 1.7% discount to 12-month high of LE15.30 against the 57.3% premium to 12-month low of LE9.56 suggests the climb might be peaking.

SECTION 3: Ranking

DescriptionValueRank In Market
MCap $US billion1.5In Top 6%
Price/MAP2001.2In Top Quartile
52-week Range (in LE)9.6-15.3
1-month Range (in LE)12.1-15.3

SECTION 4: Recent News of Telecom Egypt

April 21: Telecom Egypt announces dividend

Telecom Egypt today announced a cash dividend of 25.0 qirsh per share. The record date is Monday, April 23.

April 11: Telecom Egypt declares cash dividends of LE0.250\share

ArabFinance: Telecom Egypt (ETEL) announced in a statement sent to EGX, it declared a cash dividend of LE0.250 per share payable on April 29, 2018.

It is noteworthy that the shareholders as on April 23, 2018, are entitled to cash dividends distribution.


April 03: Loan deal still going on without problems: Telecom Egypt

Cairo: Telecom Egypt (ETEL) denied reports claiming that there are problems concerning the LE 13-billion loan deal with five banks.

In statements to MENA on Tuesday, the source said the loan deal is going on normally.

The state-owned landline operator struck the loan deal with five banks; the National Bank of Egypt, Banque Misr, Commercial International Bank (CIB), Qatar National Bank (QNB) and Credit Agricole, to improve its infrastructure to launch 4G services.

April 03: Telecom Egypt denies suspending its 13-bln loan

ArabFinance: Telecom Egypt (ETEL) clarified what has been published in Reuters regarding suspending the Company loan that amounts LE13 billion.

The company denies the above-mentioned news in a statement sent to Egyptian Stock Exchange (EGX), adding the loan procedures have been proceeding normally.


March 29: Potential investment opportunity in maritime cables: Telecom Egypt

Cairo: Telecom Egypt (ETEL) said there is a potential investment opportunity in maritime cables domain to maximize the company's revenues.

In a statement on Wednesday, the company's CEO Ahmed el Beheiry said the opportunity is important as it will help the company secure its revenues of maritime cables.


ISIN: EGS48031C016

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