Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. GlobalData Plc
  6. News
  7. Summary
    DATA   GB00B87ZTG26

GLOBALDATA PLC

(DATA)
  Report
Delayed London Stock Exchange  -  11:35 2022-11-25 am EST
1227.50 GBX   -0.81%
11/25FIFA World Cup, rising fossil fuel exports to drive Qatar economy at 4.6% in 2022, says GlobalData
AQ
11/22Globaldata : Australia should formalize targets to emerge as renewables superpower, says GlobalData
PU
11/17Globaldata : UK Autumn Statement protects healthcare and education, but will result in tough choices on priorities for public sector's ú19 billion annual ICT spend, says GlobalData
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

GlobalData : High oil and gas prices to aid MENA's construction industry recovery, says GlobalData

07/12/2022 | 06:04pm EST
12 Jul 2022
High oil and gas prices to aid MENA's construction industry recovery, says GlobalData
Posted in Construction

The upward trend in oil prices, driven in part by the Russia-Ukraine conflict, has led to an improvement in the economic conditions of countries in the Middle East and North Africa (MENA) region that have the largest oil and gas reserves, says GlobalData. The leading data and analytics company notes that although there are downside risks stemming from Russia's invasion of Ukraine - notably owing to higher inflation and lower investor confidence - construction output in the region is relatively strong, with growth expected to stand at 4.4% in real terms in 2022.

GlobalData's latest report, 'Construction Market Size, Trends and Growth Forecasts by Key Regions and Countries, 2022-2026', reveals that all the countries in the MENA region are expected to post positive growth, with Kuwait, Iraq and Egypt expected to post the highest growth. Apart from the higher oil and gas prices, the sanctions on Russia will also lead to higher investments in the region's oil and gas sector as European countries try to wean off Russian oil and gas.

Dhananjay Sharma, Analyst at GlobalData, comments: "The surging oil prices and the sanctions on Russia are expected to benefit countries in the MENA region that are rich in oil and gas resources. These countries are expected to have surplus revenues once again, which will lead to the revival of projects that were stalled during the pandemic and simultaneously increase governments' capabilities to spend on other projects. There will be growth all round in the construction sector, with investments in power, oil and gas, tourism and other infrastructure sectors leading the pack."

In addition to the Ukraine war and the challenging macroeconomic environment, prevailing risks associated with the pandemic remain, notably the emergence of new infectious or more lethal strains, as well as lockdowns in markets with a 'zero-COVID' policy. However, in markets where there have been successful vaccine rollouts, international travel restrictions are being widely relaxed and day-to-day life and economic activity is returning to normal. Nevertheless, a resurgence in COVID-19 cases and the potential for restrictions on construction works and the availability of labor remains a core downside risk to the industry's outlook.

Sharma concludes: "The opening up of economies is also leading to investments in the tourism sector and related segments resuming. Investment in the residential sector has recovered quickly due to pent up demand as well as government support measures and housebuilding programs aimed at narrowing housing supply deficits in many markets. However, inflation poses major downside risks, with increases in food grain prices hitting the disposable income of many households, while the increase in building material costs may render projects unviable in the short term."

Disclaimer

GlobalData plc published this content on 12 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2022 22:03:03 UTC.


ę Publicnow 2022
All news about GLOBALDATA PLC
11/25FIFA World Cup, rising fossil fuel exports to drive Qatar economy at 4.6% in 2022, says..
AQ
11/22Globaldata : Australia should formalize targets to emerge as renewables superpower, says G..
PU
11/17Globaldata : UK Autumn Statement protects healthcare and education, but will result in tou..
PU
11/11Globaldata : Germany to continue to secure gas supplies by leading LNG regasification capa..
PU
11/10Globaldata : #TwitterMigration emerges as top trend among influencers after Elon Musk take..
PU
11/09Globaldata : Warburg Pincus set to disrupt digital insurance space in Southeast Asia with ..
PU
11/02Globaldata : China to lead LNG regasification capacity additions in Asia through 2026, say..
PU
11/01Globaldata : India to see second highest LNG regasification capacity additions in Asia thr..
PU
10/28Globaldata : Machado Meyer and Bronstein Zilberberg named top M&A legal advisers in South ..
PU
10/28Globaldata : Goldman Sachs and Houlihan Lokey were the top M&A Financial advisers by value..
PU
More news
Financials
Sales 2022 237 M 287 M 287 M
Net income 2022 29,2 M 35,3 M 35,3 M
Net Debt 2022 228 M 275 M 275 M
P/E ratio 2022 51,2x
Yield 2022 1,89%
Capitalization 1 380 M 1 668 M 1 668 M
EV / Sales 2022 6,78x
EV / Sales 2023 5,87x
Nbr of Employees 3 624
Free-Float 29,3%
Chart GLOBALDATA PLC
Duration : Period :
GlobalData Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLOBALDATA PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 1 227,50 GBX
Average target price 1 697,50 GBX
Spread / Average Target 38,3%
EPS Revisions
Managers and Directors
Michael Thomas Danson Chief Executive Officer & Director
Graham Charles Lilley Chief Financial Officer, Secretary & Director
Murray Legg Independent Non-Executive Chairman
Peter Martin Harkness Independent Non-Executive Director
Catherine Birkett Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
GLOBALDATA PLC-13.86%1 668
S&P GLOBAL, INC.-24.16%116 607
THOMSON REUTERS CORPORATION2.71%55 919
RELX PLC-3.21%53 656
MSCI, INC.-16.39%40 959
WOLTERS KLUWER1.64%27 403