All UAE Saudi Egypt
Reset All
Showing 9 of 10
  • UAE Flag
    FIRST LOOK NOTES
    11 Aug 2025
    Tecom Group
    BUY
    AED 3.35
    AED 3.90
    +16.42%

    UAE Equity Research - TECOM Group 2Q25 - First Look Note

    The Company’s revenue grew at a healthy pace in 1H25, owing to a rise in rental rates, high occupancy levels, and income from strategic assets from the previous year. Funds from Operations (FFO) experienced a 17% YOY growth to AED 984 Mn in 1H25 due to improved revenue quality.
    Download
  • UAE Flag
    EARNINGS CALL INSIGHT
    06 Aug 2025
    Tecom Group
    BUY
    AED 3.35
    AED 3.90
    +16.42%

    UAE Equity Research - Tecom Group 2Q25 - Earnings Call Insight

    Tecom’s revenue grew 21.5% YOY to AED 709 Mn in 2Q25, while direct cost increased 23.2% YOY to AED 235 Mn in 2Q25. Gross profit rose 20.7% YOY to AED 474 Mn in 2Q25 with a 46 bps YOY decline in gross profit margin to 66.8% due to higher direct costs.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    07 May 2025
    Tecom Group
    BUY
    AED 3.08
    AED 3.55
    +15.26%

    UAE Equity Research - TECOM Group 1Q25 - First Look Note

    Dubai Internet City contributed 65% of Dubai’s tech sector GDP, according to an Impact Assessment study with Accenture, launched during Step Dubai in February, where the district served as Strategic Partner.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    19 Feb 2025
    Tecom Group
    HOLD
    AED 3.19
    AED 3.45
    +8.15%

    UAE Equity Research - TECOM Group 4Q24 - First Look Note

    Tecom has a total of 153 buildings commercially leased, coupled with 1,140 warehouses and 92 worker accommodations, along with 846 leased land plots. The Company is launching a grade-A office in phase 3 at Dubai Internet City, along with the acquisition of two existing grade-A office buildings for compensation of AED 420 Mn to add 334K SQFT of GLA in the premium segment.
    Download
  • UAE Flag
    EARNINGS CALL INSIGHT
    14 Feb 2025
    Tecom Group
    ACCUMULATE
    AED 3.05
    AED 3.45
    +13.11%

    UAE Equity Research - Tecom Group 4Q24 - Earnings Call Insight

    Tecom’s revenue grew 10.8% YOY to AED 643 Mn in 4Q24, while direct cost increased 21.2% YOY to AED 241 Mn in 4Q24. Gross profit rose 5.4% YOY to AED 402 Mn in 4Q24 with a 321 bps YOY decline in gross profit margin to 62.5% due to higher direct cost.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    18 Nov 2024
    Tecom Group
    HOLD
    AED 3.14
    AED 3.45
    +9.87%

    UAE Equity Research - TECOM Group PJSC 3Q24 - First Look Note

    TECOM's client base grew 9% YOY to more than 11,800 in 9M24, with the addition of more than 1,000 new customers including OZON Pharmaceuticals and Hisense. TECOM experienced a strong occupancy of 90% in the Commercial segment and 98% in the Industrial leasing segment in 3Q24.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    12 Oct 2024
    Tecom Group
    ACCUMULATE
    AED 2.85
    AED 3.15
    +10.53%

    High occupancy and rental rates drove profitability

    TECOM's client base grew 11% YOY to more than 11,000 in 1H24, with the addition of more than 1,000 new customers.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    14 May 2024
    Tecom Group
    BUY
    AED 2.73
    AED 3.15
    +15.38%

    Record occupancy with a high retention rate and a rise in rental rates drove the top-line

    TECOM Investment PJSC (TECOM/the Company) net profit increased 14.7% YOY to AED 293 Mn in 1Q24 higher than our estimate of AED 248 Mn.
    Download
  • UAE Flag
    FIRST LOOK NOTES
    09 Feb 2024
    Tecom Group
    ACCUMULATE
    AED 2.85
    AED 3.15
    +10.53%

    Robust occupancy with a high retention rate and a rise in rental rates drove the top-line

    TECOM Group PJSC (TECOM/the Company) net profit increased significantly from AED 87 Mn in 4Q22 to AED 311 Mn in 4Q23 higher than our estimate of AED 149 Mn.
    Download

Filter by

Advance Search

Search Company

List of companies
Search result
Commercial International Bank (COMI) Telecom Egypt