FAB - Dubai Financial Market (DFM)

Home
Sector
Companies
Reports
- 1. Fixed Income
  2. MENA Credit Report
  3. Fixed Income Picks
  1. Seasonal Reports
  2. Annual Dividends Report
  3. Quarterly Net Profits
  4. Yearly Bulletin
  5. Global Investment Outlook Report

All UAE

Saudi

Egypt

Reset All

Showing 7 of 7

FIRST LOOK NOTES

14 Nov 2024

Dubai Financial Market (DFM)

BUY

Last Closing Price
AED 1.33

Target Price
AED 1.50

Upside (%)
+12.78%

UAE Equity Research - Dubai Financial Market PJSC (DFM) 3Q24 - First Look Note

DFM's revenue from Trading commission fees decreased by 34.6% YOY to AED 46 Mn in 3Q24. In contrast, clearing and depository fees experienced remarkable growth, more than tripling to AED 37 Mn in 3Q24.

Download

FIRST LOOK NOTES

12 Oct 2024

Dubai Financial Market (DFM)

BUY

Last Closing Price
AED 1.23

Target Price
AED 1.50

Upside (%)
+21.95%

Surge in profitability is driven by strong investment income and cost efficiency

DFM's revenue rose 23.1% YOY to AED 158 Mn owing to growth in income from operation and investment income.

Download

FIRST LOOK NOTES

03 May 2024

Dubai Financial Market (DFM)

BUY

Last Closing Price
AED 1.36

Target Price
AED 1.59

Upside (%)
+16.91%

Higher income from investment activity and trading commission fees drove profitability

Dubai Financial Market PJSC (“DFM/the Company”) net profit grew from AED 36 Mn in 1Q23 to AED 90 Mn in 1Q24, significantly higher than our estimate of AED 43 Mn.

Download

FIRST LOOK NOTES

05 Feb 2024

Dubai Financial Market (DFM)

BUY

Last Closing Price
AED 1.33

Target Price
AED 1.59

Upside (%)
+19.55%

Higher depository fee and investment income drove top-line

Dubai Financial Market PJSC (“DFM/the Company”) net profit grew from AED 59 Mn in 4Q22 to AED 130 Mn in 4Q23, higher than our estimate of AED 108 Mn.

Download

FIRST LOOK NOTES

15 Nov 2023

Dubai Financial Market (DFM)

BUY

Last Closing Price
AED 1.38

Target Price
AED 1.59

Upside (%)
+15.22%

Strong growth in trading commission fees and investment income drove top-line

Dubai Financial Market PJSC (“DFM/the Company”) net profit more than doubled to AED 74 Mn in 3Q23 compared to AED 26 Mn in 3Q22, in line with our estimate of AED 72 Mn.

Download

FIRST LOOK NOTES

14 Aug 2023

Dubai Financial Market (DFM)

HOLD

Last Closing Price
AED 1.64

Target Price
AED 1.57

Upside (%)
-4.27%

Strong growth in traded value and investment income drove top-line

Dubai Financial Market PJSC (“DFM/the Company”) net profit more than doubled to AED 77 Mn in 2Q23 compared to AED 36 Mn in 2Q22, higher than our estimate of AED 45 Mn.

Download

FIRST LOOK NOTES

01 Mar 2023

Dubai Financial Market (DFM)

BUY

Last Closing Price
AED 1.41

Target Price
AED 1.62

Upside (%)
+14.89%

Strong growth in trading and commission fees boosted profitability

Dubai Financial Market PJSC (“DFM/the Company”) net profit de-clined 11.1% YOY to AED 59 Mn in 4Q22, higher than our estimate of AED 37 Mn.

Download

Filter by

Sector
Date Range
Rating
Report Type
Reset Filter Apply Filter

Advance Search

Sector
Companies
Date Range
Rating
Report Type
Reset Filter Submit

Search Company

UAE

Saudi

Egypt

List of companies

A D N H Catering PLC Abu Dhabi Commercial Bank (ADCB) Abu Dhabi Islamic Bank (ADIB) Abu Dhabi National Energy (TAQA) Abu Dhabi National Insurance Company (ADNIC) Abu Dhabi Ports ADNOC Distribution ADNOC Drilling ADNOC Gas ADNOC Logistics & Services Agility Global PLC Agthia Group Air Arabia Ajman Bank Aldar Properties Alef Education Holding PLC Amanat Holding Americana Restaurants Aramex Borouge PLC Commercial Bank International (CBI) Commercial Bank Of Dubai (CBD) DANA Gas Dubai Electricity and Water Authority (DEWA) Dubai Financial Market (DFM) Dubai Investments Company (DIC) Dubai Islamic Bank (DIB) Dubai Taxi Company E7 Group PJSC Emaar Development Emaar Properties Emirates Integrated Telecommunications (du) Emirates NBD (ENBD) ETISALAT Group (e&) Fertiglobe PLC GFH Financial Group (GFH) Investcorp Capital PLC LuLu Retail Holdings PLC Mashreq Bank National Central Cooling Company (Tabreed) Parkin Company Presight AI Holding PLC Pure Health Holding PJSC RAK Ceramics RAK PROPERTIES PJSC RAKBANK Sharjah Islamic Bank (SIB) Shuaa Capital Space42 PLC Tecom Group United Arab Bank (UAB) Waha Capital

List of companies

Al Rajhi Bank Alinma Bank Almarai Co Arab National Bank Bank Albilad Banque Saudi Fransi Etihad Etisalat Co (Mobily) Jarir Marketing Co Riyad Bank Saudi Arabian Fertilizer Co Saudi Basic Industries Corp Saudi National Bank Saudi Telecom Co (STC)

List of companies

Commercial International Bank (COMI) Telecom Egypt