Recent Research

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  FIRST LOOK NOTES

  27 Nov 2024

  Agility Global PLC

  BUY

  Last Closing Price

  AED 1.37

  Target Price

  AED 2.10

  Upside (%)

  +53.28%

  UAE Equity Research - Agility Global PLC 3Q24 - First Look Note

  Revenues grew 16.0% YOY to USD 1,227 Mn in 3Q24. New businesses from Spain and Portugal contributed to Menzies's growth of 23.7% YOY in 3Q24. Agility Logistics Parks announced the expansion of 100 thousand warehousing capacity in Riyadh valued at USD 65 Mn.

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• 

  FIRST LOOK NOTES

  12 Oct 2024

  Agility Global PLC

  BUY

  Last Closing Price

  AED 1.13

  Target Price

  AED 2.10

  Upside (%)

  +85.84%

  Solid revenue growth across all segments drove profitability

  Menzies, the aviation services segment of Agility Global, acquired a 50.1% stake in Ground Force Portugal.

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• 

  FIRST LOOK NOTES

  05 Jun 2024

  Agility Global PLC

  BUY

  Last Closing Price

  AED 1.25

  Target Price

  AED 2.10

  Upside (%)

  +68.00%

  Robust performance across all operating segments drove the profitability

  Agility Global’s net profit rose more than four times from USD 7 Mn in 1Q23 to USD 30 Mn in 1Q24 due to robust performance across all business segments.

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• 

  INITIAL COVERAGE (EQUITIES)

  30 Apr 2024

  Agility Global PLC

  BUY

  Last Closing Price

  AED 1.58

  Target Price

  AED 2.10

  Upside (%)

  +32.91%

  UAE Equity Research - Agility Global PLC - Initiation Coverage

  We initiate coverage on Agility Global PLC (“Agility Global” or “The Company”) with a Valuation of AED 2.10 price per share. Agility Global PLC is a multi-business operator and a long-term investor in global and regional businesses. The Company’s multiple businesses operate in Aviation Services, Fuel Logistics, Agility Logistics Parks, and Others.

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