{"id":599882,"date":"2019-01-14T04:53:17","date_gmt":"2019-01-14T04:53:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/14\/egypt-is-citis-most-attractive-frontier-market-for-2019\/"},"modified":"2019-01-14T04:53:17","modified_gmt":"2019-01-14T04:53:17","slug":"egypt-is-citis-most-attractive-frontier-market-for-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/14\/egypt-is-citis-most-attractive-frontier-market-for-2019\/","title":{"rendered":"Egypt is Citi\u2019s most attractive frontier market for 2019"},"content":{"rendered":"

<\/a> Egypt is Citi\u2019s most attractive frontier market for 2019<\/b>, according to a research report picked up by CNBC Africa<\/a> that notes \u201cthe Sisi government is pushing ahead with an ambitious package of reforms, and while the country\u2019s 2016 IMF programme has faced some delays, the programme is likely to underpin macroeconomic stability, supported by growth in gas production and tourism.\u201d<\/p>\n

Other good news on Egypt: <\/b>Valuations are low; earnings momentum is good, defying the trend in frontier markets; and economic growth is above average.<\/p>\n

Citi sees no significant devaluation in the cards<\/b>, writing that \u201cdespite the recent surge in inflation, we expect currency stability and see decent upside among financials (CIB<\/b>), construction (Orascom<\/b>), real estate and consumer staples (Edita<\/b>, Juhayna<\/b>).\u201d<\/p>\n

Citi\u2019s other tops picks on the frontier <\/b>include Kenya and Romania.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt is Citi\u2019s most attractive frontier market for 2019, according to a research report picked up by CNBC Africa that notes \u201cthe Sisi government is pushing ahead with an ambitious package of reforms, and while the country\u2019s 2016 IMF programme has faced some delays, the programme is likely to underpin macroeconomic stability, supported by growth […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[294,72,3664,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599882","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-citigroup","tag-enterpriseam","tag-frontier-markets","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"aa432654-267b-406c-adb4-f74ffd04721b","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[599877],"teaser":"","voice_url":""},"yoast_head":"\nEgypt is Citi\u2019s most attractive frontier market for 2019 - 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Citi frontier markets analyst Andrew Howell says investors the bank surveyed in December \u201care enthusiastic about the prospects for\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649060,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/20\/msci-frontier-equity-markets-could-be-dying-off\/","url_meta":{"origin":599882,"position":1},"title":"MSCI Frontier equity markets could be dying off","author":"enterpriseam admin","date":"20 April 2017","format":false,"excerpt":"MSCI Frontier markets dying? Frontier equity markets are in danger of dying as many of the nations making up frontier market indices graduate to \u201cemerging market\u201d status, Natasha Doff, Isobel Finkel, and Tracy Alloway write for Bloomberg. This graduation risks removing the largest and most liquid of the frontier markets.\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599098,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/18\/efg-hermes-tops-frontier-market-rankings-in-2019-extel-survey\/","url_meta":{"origin":599882,"position":2},"title":"EFG Hermes tops frontier market rankings in 2019 Extel Survey","author":"enterpriseam admin","date":"18 June 2019","format":false,"excerpt":"EFG Hermes once again tops frontier market rankings, is second in MENA, in 2019 Extel Survey: EFG Hermes has been voted number one frontier market brokerage firm for the second year running and remains the second-highest ranked brokerage firm in the MENA region, according to the 2019 Extel ranking of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571844,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/02\/egypt-pakistan-are-efgs-top-frontier-and-emerging-markets-picks-after-sell-off-and-earnings-downgrade\/","url_meta":{"origin":599882,"position":3},"title":"Egypt, Pakistan are EFG\u2019s top frontier and emerging markets picks after sell-off and earnings downgrade","author":"enterpriseam admin","date":"2 June 2020","format":false,"excerpt":"Egypt and Pakistan are EFG\u2019s top frontier and emerging markets picks after sell-off and earnings downgrade: Egypt and Pakistan\u2019s equity markets \u201coffer good value\u201d in the medium-term after the covid-19 sell-off and a downgrade in earnings projections, EFG Hermes said in a note yesterday. EFG\u2019s price-earnings ratio for Egypt this\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/6\/15.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":647954,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/egypt-philippines-should-be-frontier-markets-mobius\/","url_meta":{"origin":599882,"position":4},"title":"Egypt, Philippines should be frontier markets -Mobius","author":"enterpriseam admin","date":"24 May 2017","format":false,"excerpt":"Mobius thinks Egypt should be reclassified as frontier: Emerging markets icon Mark Mobius said he believes the Philippines and Egypt should be demoted to frontier market status, according to Fund Strategy. 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