CORE PORTFOLIO REPORTS

Tactical changes in portfolio
  • We make several changes in our model portfolio. We include SABIC (2%), and increase positions in STC (+1%), SNB (+1%), NCLE (+0.5%), GISS (+0.5%), HRHO (+0.25%) and ECAP (+0.25%). We remove AGHTIA (-1.5%), Alinma (-0.5%), reduce QNNS (-1%) and NAHDI (-2%).
  • In the Islamic portfolio, we remove AGHTIA (2.5%), trim NADHI (-2%), and add to NCLE (2%), OTHAIM (1%), MARK (0.5%), and HS (1%).

Core Portfolio Reports

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Model Update | Banks
June 29, 2022
Ahli United
Bank
BUY
  • Currency
    USD
  • Last Closing Price
    1.01
  • Target Price
    1.20

Tactical changes in portfolio

We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21, on contin-We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21, on contin-We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21,

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Model Update | Banks
June 29, 2022
Ahli United
Bank
BUY
  • Currency
    USD
  • Last Closing Price
    1.01
  • Target Price
    1.20

Tactical changes in portfolio

We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21, on contin-We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21, on contin-We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21,

Read More
Model Update | Banks
June 29, 2022
Ahli United
Bank
BUY
  • Currency
    USD
  • Last Closing Price
    1.01
  • Target Price
    1.20

Tactical changes in portfolio

We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21, on contin-We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21, on contin-We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21,

Read More
Model Update | Banks
June 29, 2022
Ahli United
Bank
BUY
  • Currency
    USD
  • Last Closing Price
    1.01
  • Target Price
    1.20

Tactical changes in portfolio

We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21, on contin-We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21, on contin-We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21,

Read More
Model Update | Banks
June 29, 2022
Ahli United
Bank
BUY
  • Currency
    USD
  • Last Closing Price
    1.01
  • Target Price
    1.20

Tactical changes in portfolio

We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21, on contin-We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21, on contin-We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21,

Read More
Model Update | Banks
June 29, 2022
Ahli United
Bank
BUY
  • Currency
    USD
  • Last Closing Price
    1.01
  • Target Price
    1.20

Tactical changes in portfolio

We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21, on contin-We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21, on contin-We pencil in EPS growth of 16% and a RoE of 15.9% for FY 22e vs. 36% and 15.1%,respectively, in FY 21,

Read More