Market Overview: EGX30 Closed in red 28,199 points -212 points -0.75%
Egyptian International Pharmaceutical Industries Company (Eipico)
Company Code: PHAR
L.T.Price: EGP 41.70/share
YTD Performance: +14%
EPICO: In a recent disclosure to the Egyptian Exchange (EGX), EPICO revealed impressive achievements for the fiscal year 2023. Sales surpassed targets, reaching an impressive EGP 5 billion. Additionally, EPICO’s initial estimates project export revenue at USD 54 million, representing a substantial 30% market share of Egyptian pharmaceutical exports to Africa.
Heliopolis Housing and Development
Company Code: HELI
L.T.Price: EGP11.27/share
YTD Performance: +8%
Effective Tuesday, February 13, 2024, the company is slated to unveil tender documents for the public auction of numerous residential units located in Heliopolis and Sheraton. These units are primed for prompt delivery, aligning with the Board of Directors' approval on February 4, 2024. The decision underscores the company's intent to offer several residential properties within the new Heliopolis city and the Sheraton area in Heliopolis, all to be presented through a public auction.
Alexandria Containers And Goods
Company Code: ALCN
L.T.Price: EGP 58/share
YTD Performance: +14%
The adjusted results for the first half of the financial year 2023/24 reveal a net profit increase of +22%, reaching EGP 2.19 billion compared to EGP 1.79 billion in the same period last year. The ordinary general assembly approved cash dividends of EGP 2.41 per share or free float holders. A total of USD 22.5 million will be distributed to shareholders, proportionate to their contributions, with the remaining amount distributed in Egyptian pounds.
Talaat Moustafa Group Holding
Company Code: TMGH
L.T.Price: EGP 43.25/share
YTD Performance: +79%
Talaat Moustafa Group Holding (TMGH): TMGH’s hospitality arm, ICOn, finalized the acquisition contract for a majority stake equity of 52% in “Legacy Hospitality Company” through a capital increase. Full management rights accompany this strategic move.
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