EGVEST used its Hi-Tech platform and expertise network to conceive and implement the "EGVEST EGX Survey," a survey that is the first in the Egyptian market that studies and shows the top picks stocks for the market expertise across top-tier brokerage firms and investment banks, which they expect to outperform the market in the short or medium term.
The Survey is designed to measure the top pick stocks from the market expertise in two different time frames; the first shows three top picks for the period until the end of the year 2022, and the second shows three top picks for the period of the earnings release for the first 2-3 months of 2023 depending on earnings growth. The Survey took place between 7 November 2022 and 12 November 2022.
The survey population were chosen across top-tier investment banks and brokerage firms, where 90% of them are represented in the top 10 market turnover report of the EGX monthly ranking of brokerage firms bulletin.
All participants are volunteers, and their picked stocks express their own personal vision and don't represent their entities by any means; the expertise population count of 34 people from different departments and positions includes heads of trading desks, research, private equity, asset management, and account officers.
Data was collected through the EGVEST portal by sending the survey page link to the experts to enter their personal information for EGVEST verification and choose their picks.
The EGVEST Team pledges that they don't HOLD any position in the presented stocks at the Survey and will not BUY any of these stocks by any means for the upcoming six months.
The Survey was built to show the direction, and the consideration of the market expertise only and can't be counted or used for a BUY or SELL recommendation. Any investment decisions that could be taken are the EGVEST portal user's responsibility and without any responsibility on the EGVEST portal.
The Survey Results are as follows:
Part 1: the participants were asked to choose three stocks they believe will outperform the market until the end of 2022.
The participants chose 33 stocks; we will focus on the top 5 stocks with respect to the percentage ranking from biggest to smallest.
Results of Stocks Chosen to Outperform the Market by the end of 2022.
The stocks ranking are as follows:
First: Commercial International Bank -Egypt 38%
Second: Abou Kir Fertilizers 35%
Third: EFG-Hermes 29%
Fourth: Ezz Steel and GB Auto 18%
Fifth: Beltone Financial 12%
Part 2: the participants were asked to choose three stocks they believe will outperform the market during the earning release season for the first three months of 2023
Results of Stocks Chosen to Outperform the Market during the earning release season for the first three months of 2023.
The stocks ranking are as follows:
First: Abou Kir Fertilizers 48%
Second: Commercial International Bank -Egypt 45%
Third: EFG-Hermes 15%
Fourth: Egypt Aluminum, Misr Fertilizers Production Company-Mopco and Telecom Egypt 12%
Fifth: Orascom Development Egypt, Misr Chemical Industries and Egyptian Kuwaiti Holding 9%
Around 40% of the presented stocks are state-owned companies, which reflects the confidence of the market expertise in governmental assets and how corporate governance restructuring is positive for the investors and the investment climate. These percentages also increase the enthusiasm for the upcoming governmental IPOs and the importance of the state ownership document, which will designate the actual value of the governmental assets across all asset classes. The Survey includes stocks that were part of the GCC sovereign funds investments represented at Abou Kier Fertilizers, Mopco, and Telecom Egypt, which Qatar investment authority show interest in one of Telecom Egypt's investment (Vodafone Egypt).
An outperforming outlook for all the chosen stocks and state-owned assets implies a higher valuation across these companies' sectors for the similar asset class. The Banking and Basic Resources (Petrochemicals) Sector represents around 40% of the weight of the selected stocks as follows.
*The percentage represents the number of participants who selected stocks for both periods (until the end of 2022 and the first three months of 2023)
These Survey demonstrate our acknowledgment of the importance of information circulation across all market participants, a topic which was highlighted during the economy conference, and represent one of EGVEST's primary objectives to provide all market participants with credible information and data through the Egyptian Exchange and certified analysis through the Financial Regulatory Authority.
Disclaimer and Terms of Use
The data provided on any page at www.egvest.com aren't for any investment decision or taking any action of buy or sell of any asset or investments of any type; the information on this page has been obtained from sources that EGEVST believed to be reliable, we have not independently verified such information, and it may not be accurate or complete.
EGVEST.com published a delayed feed for the Egyptian stock exchange executed stocks and its leading indices through a previous contract with EGID "Egypt for Information Dissemination" the delayed feed is referred to below as "information."
The "information" displayed and published by EGVEST.com could lead to financial losses. It should be used on a personal and only personal responsibility. The "information" contains simplified mathematical calculations that clarify, simplify, and classify the "information" without using any financial valuation methods and don't represent any recommendation to buy, sell or hold financial assets.
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