Recent Research

• 

  FIRST LOOK NOTES

  18 Nov 2025

  Presight AI Holding PLC

  BUY

  Last Closing Price

  2.71

  Target Price

  3.55

  Upside (%)

  +31.00%

  UAE Equity Research - Presight AI Holding PLC 3Q25 - First Look Note

  Maintains debt-free balance sheet with healthy cash balance of AED 1.9 Bn during 3Q25, providing financial support for future organic and inorganic growth. Order backlog grew from AED 1.6 Bn 3Q24 to AED 3.7 Bn in 3Q25.

  Download
• 

  EARNINGS CALL INSIGHT

  14 Nov 2025

  Presight AI Holding PLC

  BUY

  Last Closing Price

  2.83

  Target Price

  3.55

  Upside (%)

  +25.44%

  UAE Equity Research - Presight AI Holding 3Q25 - Earnings Call Insight

  Net revenue rose 15.3% YOY to AED 653 Mn in 3Q25, driven by continued deployment of ENERGYai, rise in international expansion, execution of multi-year projects, and strong order inflows, supported by strong contribution from quick turn contracts.

  Download
• 

  FIRST LOOK NOTES

  31 Oct 2025

  Alef Education Holding PLC

  BUY

  Last Closing Price

  0.97

  Target Price

  1.45

  Upside (%)

  +49.48%

  UAE Equity Research - Alef Education Holding PLC 3Q25 - First Look Note

  Signed six new contracts in 9M25 with a total contract value of AED 57 Mn. Added c. 4,000 new students through charter-school migration initiative. Serves 180 schools, with c. 122,000 paying students, capturing roughly 35% of the UAE’s private school market.

  Download
• 

  FIRST LOOK NOTES

  15 Aug 2025

  Presight AI Holding PLC

  HOLD

  Last Closing Price

  3.56

  Target Price

  3.55

  Upside (%)

  -0.28%

  UAE Equity Research - Presight AI Holding PLC 2Q25 - First Look Note

  Maintains debt-free balance sheet with healthy cash balance of AED 2.0 Bn during 2Q25, providing financial support for future organic and inorganic growth. Revenue backlog stood at AED 3.7 Bn in 2Q25 compared to 3.9 Bn in 1Q25.

  Download
• 

  EARNINGS CALL INSIGHT

  14 Aug 2025

  Presight AI Holding PLC

  HOLD

  Last Closing Price

  3.61

  Target Price

  3.55

  Upside (%)

  -1.66%

  UAE Equity Research - Presight AI Holding 2Q25 - Earnings Call Insight

  Net revenue grew substantially 53.5% YOY to AED 524 Mn in 2Q24, driven by strong execution on existing contracts, accelerated international growth and continued deployment of AIQ’s Energyai. AIQ contributed AED 158 Mn in revenue during 2Q25, equivalent to 30.1% of group revenue.

  Download
• 

  FIRST LOOK NOTES

  08 Aug 2025

  Alef Education Holding PLC

  BUY

  Last Closing Price

  1.05

  Target Price

  1.45

  Upside (%)

  +38.10%

  UAE Equity Research- Alef Education Holding PLC 2Q25 - First Look Note

  The Company’s revenue remained flat at AED 178 Mn, while EBITDA grew 3.7% YOY to AED 135 Mn in 2Q25. Miqyas Al Dhad reached 87% completion as of 2Q25 and is set to be launched during 4Q25.

  Download