{"id":632861,"date":"2018-02-21T03:57:00","date_gmt":"2018-02-21T03:57:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/stocks-to-see-gains-from-interest-rate-cuts\/"},"modified":"2018-02-21T03:57:00","modified_gmt":"2018-02-21T03:57:00","slug":"stocks-to-see-gains-from-interest-rate-cuts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/stocks-to-see-gains-from-interest-rate-cuts\/","title":{"rendered":"Stocks to see gains from interest rate cuts"},"content":{"rendered":"

<\/a> Egyptian stocks are set to outperform emerging-market peers as interest rates drop,<\/strong> Tamim Elyan and Filipe Pacheco write for Bloomberg<\/a>. \u201cInvestors are likely to scour the stock market to replace returns from high-yielding deposits,\u201d following the central bank\u2019s move to cut rates by 100 bps. \u201cLast week\u2019s decision may be the first of several rate reductions as inflation slows, a cycle that will benefit companies \u2018across the board,\u2019\u201d says our friend Mohamed Ebeid, co-chief executive officer of the investment bank at EFG Hermes.<\/p>\n

Banks are set to maintain high profit levels through an expected pickup in fee and commission income<\/strong>, offsetting a gradual narrowing of interest income.<\/p>\n

Falling rates mean lower borrowing costs for developers<\/strong>, Tarek Abdel Rahman, co-CEO of Palm Hills Developments, says. Abdel Rahman also expects demand for real estate to rise as returns on bank deposits drop.<\/p>\n

Consumer stocks are also set to benefit from further cuts to rates<\/strong>, with Obour Land vice chairman and MD Ashraf Sherif saying \u201ccutting the interest by one percent isn\u2019t a game changer, but it is positive to show that the cutting trend has begun \u2026 When there is a decent fall in borrowing costs, it will help enhance our performance.\u201d<\/p>\n

Industrials will benefit from better refinancing options.<\/strong> \u201cThere are companies that are extremely leveraged and they\u2019ll be able to get refinancing at lower levels \u2026 Companies working with heavy industries that have strong capex plans will see this is as a catalyst to start putting their growth and expansion plans into action,\u201d Rasmala Egypt Asset Management Chairman Ahmed Abou El Saad says.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egyptian stocks are set to outperform emerging-market peers as interest rates drop, Tamim Elyan and Filipe Pacheco write for Bloomberg. \u201cInvestors are likely to scour the stock market to replace returns from high-yielding deposits,\u201d following the central bank\u2019s move to cut rates by 100 bps. \u201cLast week\u2019s decision may be the first of several rate […]<\/p>\n","protected":false},"author":1,"featured_media":632862,"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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"91794cb8-1267-40a1-944b-fe7f5893c445","order":"0","is_powered_by":true,"section_story_id":"c4cac6e7-78a0-44c9-b6f4-be880b67af99","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/2\/1254.png","photo_position":"above","related_issue":[632847],"teaser":"","voice_url":""},"yoast_head":"\nStocks to see gains from interest rate cuts - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/stocks-to-see-gains-from-interest-rate-cuts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stocks to see gains from interest rate cuts\" \/>\n<meta property=\"og:description\" content=\"Egyptian stocks are set to outperform emerging-market peers as interest rates drop, Tamim Elyan and Filipe Pacheco write for Bloomberg. \u201cInvestors are likely to scour the stock market to replace returns from high-yielding deposits,\u201d following the central bank\u2019s move to cut rates by 100 bps. \u201cLast week\u2019s decision may be the first of several rate […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/stocks-to-see-gains-from-interest-rate-cuts\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-21T03:57:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/2\/1254.png?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/stocks-to-see-gains-from-interest-rate-cuts\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/stocks-to-see-gains-from-interest-rate-cuts\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Stocks to see gains from interest rate cuts\",\"datePublished\":\"2018-02-21T03:57:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/stocks-to-see-gains-from-interest-rate-cuts\/\"},\"wordCount\":271,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/stocks-to-see-gains-from-interest-rate-cuts\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/2\/1254.png?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/stocks-to-see-gains-from-interest-rate-cuts\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/stocks-to-see-gains-from-interest-rate-cuts\/\",\"name\":\"Stocks to see gains from interest rate cuts - 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The committee is currently awaiting an approval on the\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":599990,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/16\/expect-pick-up-in-real-estate-stocks-says-efg-hermes\/","url_meta":{"origin":632861,"position":2},"title":"Expect pick-up in real estate stocks, says EFG Hermes","author":"enterpriseam admin","date":"16 January 2019","format":false,"excerpt":"So, which stocks should you pick? Look at real estate stocks this year, says EFG Hermes: 2019 will be a better year for real estate stocks after last year\u2019s squeeze, EFG Hermes Head of MENA Strategy Mohamed Al Hajj told Bloomberg TV (watch, runtime: 2:21). \u201cIf we see continued falling\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\/2019\/1\/1732.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598694,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/central-bank-to-subsidize-middle-income-housing-mortgage-with-egp-50-bn\/","url_meta":{"origin":632861,"position":3},"title":"Central bank to subsidize middle-income housing mortgage with EGP 50 bn","author":"enterpriseam admin","date":"2 June 2019","format":false,"excerpt":"The Central Bank of Egypt (CBE) announced on Thursday it will provide EGP 50 bn to reintroduce subsidized mortgages for middle-income homeowners, according to a statement (pdf). A committee with members from the central bank, local banks, and real estate developers will be formed to discuss the specifics of the\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":632861,"position":4},"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. 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