Egypt

Egyptian Equities Are Approaching a Bottom

Macroeconomics
201 Views, 09 May 2022 15:10
EXECUTIVE SUMMARY
  • Egyptian equities are beginning to enter a bottoming out phase, although there is likely more economic pain this year and no near-term stock market catalysts are present.
  • However, with MSCI Egypt trading at circa six times forward earnings, a near 50% discount to MSCI Emerging Markets, Egypt appears to be positioned very well in terms of relative value
  • Some of the major headwinds approaching include food/energy inflation, declining tourism, and Egypt’s entry into another IMF program this year

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Dylan Waller
Frontier and Emerging Markets
Indigo Frontier
EquitiesEquity Capital MarketsMacroeconomics

Frontier Market and Emerging Market Blog. Writing about things that I plan to invest in during the next decade

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