Recent Research

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  FIRST LOOK NOTES

  12 Nov 2026

  Burjeel Holdings PLC

  BUY

  Last Closing Price

  1.34

  Target Price

  1.70

  Upside (%)

  +26.87%

  UAE Equity Research - Burjeel Holding PLC 3Q26 - First Look Note

  Patient volumes increased 13.2% YOY to 5.8 Mn in 9M26, with growth accelerating to 19.3% YOY to 2.0 Mn in 3Q26. The Company performed more than 71,500 surgeries and over 5,800 oncology procedures during 9M26. The Company plans to expand the affordable healthcare footprint with a 75 bed LLH Hospital in Jebel Ali and more than 10 additional clinics across the UAE.

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• 

  EARNINGS CALL INSIGHT

  12 Nov 2026

  Burjeel Holdings PLC

  BUY

  Last Closing Price

  1.34

  Target Price

  1.70

  Upside (%)

  +26.87%

  UAE Equity Research - Burjeel Holding PLC 3Q26 - Earnings Call Insight

  Burjeel Holding’s revenue increased 7.9% YOY to AED 1,535 Mn in 3Q26, supported by a strong recovery in patient demand, higher patient visits and increased surgical activity.

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• 

  FIRST LOOK NOTES

  12 Nov 2026

  Pure Health Holding PJSC

  BUY

  Last Closing Price

  2.56

  Target Price

  5.00

  Upside (%)

  +95.31%

  UAE Equity Research - Pure Health Holding 3Q26 - First Look Note

  Patient interactions increasing 21% YOY to 9.3 Mn, outpatient volumes rising 23% YOY to 8,324K and inpatient volumes growing 51% YOY to 249K in 9M26. Care segment revenue increased 16.4% YOY to AED 5,309 Mn in 3Q26, supported by the consolidation of Hellenic Healthcare Group.

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• 

  EARNINGS CALL INSIGHT

  12 Nov 2026

  Pure Health Holding PJSC

  BUY

  Last Closing Price

  2.56

  Target Price

  5.00

  Upside (%)

  +95.31%

  UAE Equity Research - Pure Health Holding 3Q26 - Earnings call insight

  Revenue grew 16.0% YOY to AED 7,571 Mn in 3Q26. The revenue growth was supported by the continued consolidation from the Hellenic Healthcare Group, supported by growth in Hospital, Health insurance, and Diagnostic Services segment partially offset by decline in Procurement and supply of medical products and Technology services segment.

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• 

  FIRST LOOK NOTES

  14 Aug 2026

  Burjeel Holdings PLC

  BUY

  Last Closing Price

  1.30

  Target Price

  1.70

  Upside (%)

  +30.77%

  UAE Equity Research - Burjeel Holding PLC 2Q26 - First Look Note

  Patient volumes increased 9.9% YOY to over 3.7 Mn in 1H26, with growth accelerating to 12.4% YOY in 2Q26. EBITDA declined 4.8% YOY to AED 291 Mn in 2Q26 due to non-recurring costs and the absence of the one-off gain recognized in 2Q25.

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• 

  EARNINGS CALL INSIGHT

  13 Aug 2026

  Burjeel Holdings PLC

  BUY

  Last Closing Price

  1.28

  Target Price

  1.70

  Upside (%)

  +32.81%

  UAE Equity Research - Burjeel Holding PLC 2Q26 - Earnings Call Insight

  Burjeel Holdings revenue increased 3.7% YOY to AED 1,455 Mn in 2Q26, supported by a recovery in elective and high-acuity procedures, higher outpatient visits, and stronger inpatient activity. Excluding the impact of the Unified Procurement Program (UPP), normalized revenue grew 8.6% YOY in 2Q26.

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