Recent Research

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  FIRST LOOK NOTES

  09 May 2025

  Presight AI Holding PLC

  BUY

  Last Closing Price

  AED 2.29

  Target Price

  AED 2.90

  Upside (%)

  +26.64%

  UAE Equity Research - Presight AI Holding PLC 1Q25 - First Look Note

  The Company maintains debt-free balance sheet with healthy cash balance of AED 1.97 Bn as of 1Q25, providing financial support for future organic and inorganic growth. Presight’s revenue backlog grew to AED 3.9 Bn in 1Q25 compared to AED 3.0 Bn in 4Q24, due to new orders worth AED 1.4 Bn.

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  FIRST LOOK NOTES

  09 May 2025

  Presight AI Holding PLC

  BUY

  Last Closing Price

  AED 2.33

  Target Price

  AED 2.90

  Upside (%)

  +24.46%

  UAE Equity Research - Presight AI Holding 1Q25 - Earnings Call Insight

  Net revenue surged from AED 262 Mn in 1Q24 to AED 564 Mn in 1Q25, driven by strong execution on existing contracts, supporting positive organic growth from a robust base, accelerated software deployment internationally and acquisition of AIQ. Additionally, AIQ delivered an exceptional performance, further accelerating top-line expansion.

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• 

  FIRST LOOK NOTES

  06 May 2025

  Alef Education Holding PLC

  BUY

  Last Closing Price

  AED 0.95

  Target Price

  AED 1.70

  Upside (%)

  +78.38%

  UAE Equity Research - Alef Education Holding PLC 1Q25 - First Look Note

  Miqyas Al Dhad has reached 86% completion as of 1Q25 and is set to be launched during 3Q25. The Company has remained debt-free since its establishment. Alef Education extended its contract with ADEK for three more years providing revenue visibility till 2033.

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  FIRST LOOK NOTES

  02 May 2025

  Alef Education Holding PLC

  BUY

  Last Closing Price

  AED 0.95

  Target Price

  AED 1.70

  Upside (%)

  +78.95%

  UAE Equity Research - Alef Education Holding PLC 1Q25 - Earnings Flash

  Alef’s Education Holding’s net profit rose 2% YoY to AED 115.3 Mn in 1Q25 driven by consistent top line growth with the successful execution of new contracts, increase in Interest income and company’s continued focus on operational efficiency partially offset by increase in Income tax expense leading to a stable net profit margin of 64%. (EPS is 1.65 fils for 1Q25)

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  FIRST LOOK NOTES

  05 Mar 2025

  Alef Education Holding PLC

  BUY

  Last Closing Price

  AED 1.09

  Target Price

  AED 1.70

  Upside (%)

  +55.96%

  UAE Equity Research - Alef Education Holding PLC (ALEFEDT) 4Q24 - First Look Note

  Alef Education is included in MSCI UAE Small Cap Index. The number of paid schools served increased from 82 in 2023 to 167 in 2024 in B2B segment. The Company holds a 25% to 30% market share in the UAE's B2B segment.

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• 

  FIRST LOOK NOTES

  19 Feb 2025

  Presight AI Holding PLC

  BUY

  Last Closing Price

  AED 2.23

  Target Price

  AED 3.05

  Upside (%)

  +36.77%

  UAE Equity Research - Presight AI Holding PLC 4Q24 - First Look Note

  The Company maintains debt-free balance sheet with healthy cash balance of AED 1.9 Bn during 4Q24, providing financial support for future organic and inorganic growth. Presight AI’s revenue backlog also grew to AED 2.99 Bn in 4Q24 compared to AED 1.58 Bn in 3Q24.

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