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EGX70

EMFD "Excellent performance from a great company"An Overlooked Gem in the Egyptian Market: Soaring Growth and Promising Prospects The provided text highlights an Egyptian stock that has experienced extraordinary growth over the past year, surging by over 135% in value. The stock's fair value has also witnessed an increase from 8 Egyptian pounds to 9.5 pounds, driven by its strong financial performance in the first quarter. The text outlines two potential scenarios for the stock's future trajectory: Continued Uptrend: The stock could continue its upward momentum, reaching levels of 8 and 9 Egyptian pounds, with the possibility of further appreciation to even higher levels. Retracement: The stock might experience a price decline. However, the author strongly advises against selling the stock at any price point. Personal Experience: having held it since its price was 3 Egyptian pounds. They emphasize the stock's underlying strength and their firm belief that it will appreciate significantly in the future, even if its price drops back to 1 Egyptian pound.
EGX:EMFDLong
by atuumra
DOMT "Billionaire revenues and profits that are a joke Q1 financials. Revenue is up 2.1 billion Egyptian pounds, but profits are down compared to the last 10 quarters. The company blames flat product prices while raw material costs are skyrocketing. Seriously, what's the deal? Are they just waiting for us to tell them to raise prices or cut costs? If they're asking for my advice, I'd say they need to get their act together. Oh, and by the way, the full H1 report is coming out in two weeks, so stay tuned.
EGX:DOMT
by atuumra
RMDA faces strong resistance at 2.5The chart shows strong resistance for Monday at the 2.5 level that cannot be broken, and there is a lack of desire from the market maker to break this level. Support is expected at the 2.29 level. The expected scenario is that the stock will move sideways for the rest of the trading week until a "flag" is formed, after which it will break the 2.5 level and soar to the 2.8 level. This is expected to happen in August before the dividend distribution, which is expected to be 0.067 per share.
EGX:RMDALong
by atuumra
Obour Land for Food Industries (OLFI) Four next 6 MonthOver the past months, the stock has experienced a decline after it showed growth and a decline in its p/e from 9 to 7, and this should have been reflected in the price, but it was much lower. What happened was 3 years ago The pound's concerns faded against the US dollar Customs release The distribution of good profits is 0.95 piasters During the coming period, we notice the following: First, there will be a rise in the resistance levels, which are represented by 9 pounds. If he breaks it, we will go to 9.5, and then 10 to 12 to 14 pounds for sure. We expect success for everyone
EGX:OLFI
by atuumra
ZMID Zahraa Maadi Investment & DevelopmentThe stock has an imaginary support level at 5 Egyptian pounds and is currently trading in a resistance range between 6.30 and 6.5 Egyptian pounds, forming a flag pattern. If it breaks above the 6.70 Egyptian pound level during any weekly session, it could reach 7 Egyptian pounds, followed by 7.2 Egyptian pounds, 7.5 Egyptian pounds, and eventually 8 Egyptian pounds. Coincidentally, the company will be implementing decisions made at the company's general meeting after approving the distribution of dividends of 0.15 Egyptian pounds divided into two installments, as well as the distribution of free shares in August. This will likely cause the stock to fall again to half its price, reaching levels of 4 Egyptian pounds. This will create a new bottom for the stock, but remember that you will not have lost money; instead, you will have received free shares.
EGX:ZMID
by atuumra
ADPC TO THE MOON ADPC shares are expected to break through the 2 Egyptian pound level in the coming period and reach a minimum of 3.5 Egyptian pounds within the next 3 months, starting from June 2024. The third quarter of 2024 is expected to be an unprecedented growth period for the stock. The company has delivered exceptional financial performance, with unprecedented profit growth and a significant decline in the P/E ratio to 4, representing a 25% decrease. In 2023, the company achieved a 198% increase in profits, and the first quarter of 2024 saw an 89% increase in profits, bringing the total to at least 350 Egyptian pounds. This presents an excellent opportunity to enter and hold the stock for at least a year at prices that will not be repeated.
EGX:ADPCLong
by atuumra
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