Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  DUBAI FINANCIAL MARKET  >  Emirates NBD Bank PJSC    EMIRATESNBD   AEE000801010

EMIRATES NBD BANK PJSC

(EMIRATESNBD)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Egyptian non-oil private sector rises to 49.2 in November: PMI

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/06/2018 | 11:42am EST

Emirates NBD Egypt - Photo courtesy to the bank website CAIRO6 December 2018: Egypt’s Emirates NBD Purchasing Managers’ Index (PMI) for the non-oil private sector rose to 49.2 in November, recording the highest reading in three months, compared to 48.6 in October.

Emirates NBD research clarified that despite reaching the highest rate in three months, “it is still in contraction territory.”

“The main components of the index – output, new work – declined less than in the prior two months,” it added.

The neutral level of Emirates NBD Purchasing Managers’ Index (PMI) is 50 which delineates contraction and expansion in the non-oil private sector.

According to the released data, new export orders also remained in contraction territory for the third month in a row, as the Egyptian pound has been resilient in front of the Euro since April, which may be contributing to the recent softness in export demand.

Firms surveyed cited "challenging economic conditions" which continued to weigh on demand as a reason for the decline in new orders last month, the data stated.

The research also referred to the decrease in the employment rate for the second month in a row during November, “with this component of the PMI falling to the lowest level since March.”

It also said that staff costs hiked at a similar rate to the previous three months as a result of the firms' response to higher living costs.

“Output prices were stable on average last month, with the output price index at the lowest level since November 2015,” it said.

AS per input prices, the rate of increase in producer prices was the weakest since the series began in April 2011, as inflationary pressures appear to have eased in recent months after spiking on subsidy cuts over the summer.

The survey, sponsored by Emirates NBD and produced by IHS Markit, contains data collected from a monthly survey on business conditions in the Egyptian private sector.

In September, Egypt’s Emirates NBD Purchasing Managers’ Index (PMI) for the non-oil private sector fell to 47.4, recording the lowest level since June, compared to 50.5 in August.

(c) 2018 Egypt Today. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EMIRATES NBD BANK PJSC
09:19aEMIRATES NBD BANK : hits record dh10 billion profits in 2018
AQ
07:35aEMIRATES NBD BANK : `top banking brand with $4bn value`
AQ
12:26aEMIRATES NBD BANK : This Dubai digital bank is launching smartphone insurance
AQ
02/17EMIRATES NBD BANK : The Bank ranks Emirates NBD as UAE's top banking brand
AQ
02/17EMIRATES NBD BANK : ranked No.1 UAE banking brand
AQ
02/17EMIRATES NBD BANK : ranked UAE's top banking brand with a value of US$4.04 billi..
AQ
02/15EMIRATES NBD BANK : hits record Dh10 billion profits in 2018
AQ
02/13EMIRATES NBD BANK : BitOasis aims to be fully licensed in ADGM this year
AQ
02/13EMIRATES NBD BANK : Dubai digital bank launches smartphone insurance
AQ
02/12EMIRATES NBD BANK : Empower's customer service transactions on smart channels wi..
AQ
More news
Financials (AED)
Sales 2019 18 813 M
EBIT 2019 12 309 M
Net income 2019 10 193 M
Debt 2019 -
Yield 2019 4,75%
P/E ratio 2019 5,31
P/E ratio 2020 5,27
Capi. / Sales 2019 3,04x
Capi. / Sales 2020 2,84x
Capitalization 57 245 M
Chart EMIRATES NBD BANK PJSC
Duration : Period :
Emirates NBD Bank PJSC Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 13,8  AED
Spread / Average Target 34%
EPS Revisions
Managers
NameTitle
Salah Amin Chief Executive Officer
Ahmed Saeed Al-Maktoum Chairman
Abdulla Qassem Group Chief Operating Officer
Surya Subramanian Group Chief Financial Officer
Rio Tinto Miguel Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
EMIRATES NBD BANK PJSC16.99%15 511
JP MORGAN CHASE & COMPANY8.12%350 997
INDUSTRIAL AND COMMERCIAL BANK OF CHINA4.16%283 904
BANK OF AMERICA18.14%281 473
CHINA CONSTRUCTION BANK CORPORATION7.38%233 403
WELLS FARGO6.81%231 691