Recent Research

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  EARNINGS CALL INSIGHT

  12 Nov 2026

  Parkin Company

  HOLD

  Last Closing Price

  6.65

  Target Price

  7.00

  Upside (%)

  +5.26%

  UAE Equity Research - Parkin Company 3Q26 - Earnings Call Insight

  Parkin’s revenue grew 21.5% YOY to AED 410 Mn in 3Q26, driven by the Developer parking, Seasonal cards, Enforcement and Public MSCP segments, partially offset by lower revenue from the Public parking segment.

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• 

  FIRST LOOK NOTES

  03 Nov 2026

  NMDC Group

  BUY

  Last Closing Price

  24.22

  Target Price

  34.00

  Upside (%)

  +40.38%

  UAE Equity Research - NMDC Group 3Q26 - First Look Note

  The Group's backlog stood at AED 54.1 Bn as of 3Q26, supported by AED 9.7 Bn of project awards secured during 9M26, providing strong long-term revenue visibility. NMDC Group inaugurated Abu Al Bakhoush, a state-of-the-art self-propelled heavy-duty cutter suction dredger in 3Q26.

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• 

  FIRST LOOK NOTES

  25 Aug 2026

  Parkin Company

  BUY

  Last Closing Price

  5.65

  Target Price

  6.50

  Upside (%)

  +15.04%

  UAE Equity Research - Parkin Company 2Q26 - First Look Note

  Public Parking spaces increased by 8.0% YOY to 203.2k in 2Q26, while Developer parking expanded to 61.5k in 2Q26 following several new strategic partnerships. The Company guides 2026 revenue of AED 510-550 Mn (Public Parking), AED 420-460 Mn (Enforcement), AED 280-300 Mn (Seasonal Cards) and AED 130-150 Mn (Developer), supported by 3.5k-5.0k new spaces.

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• 

  FIRST LOOK NOTES

  20 Aug 2026

  Dubai Investments Company (DIC...

  HOLD

  Last Closing Price

  3.66

  Target Price

  4.00

  Upside (%)

  +9.29%

  UAE Equity Research - Dubai Investments PJSC (DIC) 2Q26 - First Look Note

  Total income grew 19.4% YOY to AED 1.3 Bn in 2Q26, driven by growth across Property, Manufacturing & Contracting, and Investments segments. Completed final handover of all 189 villas at Danah Bay, while construction of the 143-unit residential tower reached 38%.

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• 

  FIRST LOOK NOTES

  18 Aug 2026

  E7 Group PJSC

  BUY

  Last Closing Price

  0.97

  Target Price

  1.30

  Upside (%)

  +33.88%

  UAE Equity Research - E7 Group 2Q26 - First Look Note

  Cash balance stood at AED 401 Mn in 2Q26, with no outstanding debt, underscoring strong financial discipline and flexibility to fund growth. E7 has a resilient and recurring revenue base, with 70%+ of revenue recurring through long-term government contracts and 60%+ generated from high-margin Identity Solutions.

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• 

  FIRST LOOK NOTES

  17 Aug 2026

  Agility Global PLC

  BUY

  Last Closing Price

  1.67

  Target Price

  2.10

  Upside (%)

  +25.75%

  UAE Equity Research - Agility Global PLC 2Q26 - First Look Note

  ALP’s owned and leased land bank increased to c. 4.5 Mn sqm, while total land bank including JVs reached c. 6.1 Mn sqm, supported by the acquisition of a strategic land parcel in Saudi Arabia.

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