Showing 9 of 62
  • UAE Flag
    FIRST LOOK NOTES
    14 Aug 2025
    Aramex
    ACCUMULATE
    AED 2.71
    AED 3.10
    +14.39%

    UAE Equity Research - Aramex(ARMX) 2Q25 - First Look Note

    The Company’s gross margins declined from 23.1% in 2Q24 to 22.0% in 2Q25, driven by a change in product mix and increased direct costs. Free cash flow grew significantly from AED 2 Mn in 2Q24 to AED 19 Mn in 2Q25, mainly attributable to lower lease payments.
  • UAE Flag
    EARNINGS CALL INSIGHT
    14 Aug 2025
    Abu Dhabi Ports
    BUY
    AED 4.20
    AED 7.00
    +66.67%

    UAE Equity Research - Abu Dhabi Ports Company (ADPORTS) 2Q25 - Earnings Call Insight

    ADPORTS revenue increased 15.4% YOY to AED 4,826 Mn in 2Q25, primarily driven by robust double-digit growth across the Ports, Digital, EC&FZ and Maritime & Shipping clusters. On an LFL basis, excluding the impact of M&A contribution, ADPORTS revenue grew 10% YOY in 2Q25.
  • UAE Flag
    FIRST LOOK NOTES
    30 Jul 2025
    Dubai Taxi Company
    ACCUMULATE
    AED 2.70
    AED 3.00
    +11.11%

    UAE Equity Research- Dubai Taxi Company (DTC)- 2Q25 First Look Note

    Total fleet size increased from 8,247 in 2Q24 to 10,180 in 2Q25, while the number of trips grew 19% YOY to AED 13.6 Mn. Secured an exclusive five-year strategic partnership with Dubai Airports to serve the rising passenger traffic in the emirate.
  • UAE Flag
    EARNINGS CALL INSIGHT
    30 Jul 2025
    Dubai Taxi Company
    ACCUMULATE
    AED 2.68
    AED 3.00
    +11.94%

    UAE Equity Research- Dubai Taxi Company (DTC) 2Q25 - Earnings Call Insight

    DTC’s revenue grew 17.7% YOY to AED 625 Mn in 2Q25, owing to fleet expansion and higher number of trips. Like-for-like total revenue excluding Connectech rose 16.9% YOY in 2Q25. Total trips across the Taxi and Limousine segments rose 19% YOY to 13.6 Mn in 2Q25.
  • UAE Flag
    SECTOR NOTE
    03 Jul 2025
    Transportation

    UAE Equity Research - Transportation Sector 2Q25 - Preview Note

    We maintain a positive outlook on the UAE's transportation sector, with a favourable stance on DTC and a continued recommendation to stay invested in Aramex, both are well-positioned to capitalize on the sector’s strong growth momentum supported by a surge in tourism and favourable macroeconomic con...

  • UAE Flag
    FIRST LOOK NOTES
    16 May 2025
    Air Arabia
    HOLD
    AED 3.52
    AED 3.50
    -0.57%

    UAE Equity Research - Air Arabia PJSC 1Q25 - First Look Note

    The Company’s seat load factor stood at 84% in 1Q25. Order book of Air Arabia includes 120 aircraft of Airbus A320 category, with delivery scheduled from 2025. Added two new aircraft and now operates 83 aircraft including 74 Airbus A320 and 9 Airbus A321 in 1Q25.
  • UAE Flag
    FIRST LOOK NOTES
    15 May 2025
    Abu Dhabi Ports
    BUY
    AED 3.92
    AED 7.00
    +78.57%

    UAE Equity Research - Abu Dhabi Ports Company (ADPORTS) 1Q25 - First Look Note

    ADPORTS’s revenue increased 18.2% YOY to AED 4,597 Mn, while EBITDA grew 9.3% YOY to AED 1,136 Mn in 1Q25. ADPORTS's total debt grew from AED 17.8 Bn in 4Q24 to AED 18.0 Bn in 1Q25. Net debt to EBITDA marginally grew from 3.3x in 4Q24 to 3.4x in 1Q25.
  • UAE Flag
    EARNINGS CALL INSIGHT
    13 May 2025
    Abu Dhabi Ports
    BUY
    AED 3.95
    AED 7.00
    +77.22%

    UAE Equity Research - Abu Dhabi Ports (ADPORTS) 1Q25 - Earnings Call Insight

    ADPORTS revenue increased 18.2% YOY to AED 4,597 Mn in 1Q25, primarily driven by robust double-digit growth across the Ports, EC&FZ and Maritime & Shipping clusters. On a LFL basis, excluding the impact of M&A contribution, ADPORTS revenue grew 8% YOY in 1Q25.
  • UAE Flag
    FIRST LOOK NOTES
    13 May 2025
    Aramex
    ACCUMULATE
    AED 2.76
    AED 3.10
    +12.32%

    UAE Equity Research - Aramex PJSC 1Q25 - First Look Note

    The Company’s Domestic Express volume rose 8.0% YOY to 28.3 Mn shipments in 1Q25, whereas International Express volume declined significantly 17.9% YOY to 6.4 Mn shipments in 1Q25. Free cash flow declined from AED 51 Mn in 1Q24 to AED 42 Mn in 1Q25, mainly attributable to lower cash generation from operating activities.

Filter by

Advance Search

Search Company

List of companies
Search result