POPULARITY
9 episodes with oih
4 episodes with oih
9 episodes with oih
7 episodes with oih
3 episodes with oih
3 episodes with oih
2 episodes with oih
25 episodes with oih
3 episodes with oih
Ha venido al Comando Norte el editor Oihán Iturbe, que hace unos meses decidió cerrar, después de diez años, su editorial de divulgación científica Next Door Publishers. Nos ha contado con sinceridad y dolor lo que cuesta desprenderte de parte de tu identidad y de tu equipo, y también de lo que supone ser empresario. Lejos del tópico del señor con puro y chistera, un empresario es alguien que no desconecta, no coge vacaciones y desempeña todos los roles de la empresa, de CEO a chico de los recados. En una cultura que anima tanto a emprender y considera al emprendador un héroe de nuestro tiempo, dejar de serlo es durísimo y apenas se habla del tema. Cuando se cierran en España, al año, aproximadamente, el doble de empresas de las que se abren.
United Bank will kick off its planned offering on the EGX today. The total offering could see the bank raise up to EGP5.1 bn by floating an equivalent to a 30% stake.The number of tourists visiting Egypt increased during Jan - November 2024 by 4% compared to the same period last year.Egypt's imports of fuel shipments increased to more than USD12.5 billion during 10M2025, compared to USD10.5 billion in the same period last year.EGAS is negotiating long-term agreements to import LNG, moving away from reliance on global tenders. The move aims to secure gas supplies and protect Egypt from fluctuating spot market prices. Tenders will remain in use, but only for limited imports.IFC wants to collaborate with the government on mining materials it thinks will aid local manufacturing. The government wants to replace 250k gasoline-fired car engines to ones that run on natural gas. The government will soon start converting its own fleet of vehicles to run on natural gas.Al Dahra Egypt, a subsidiary of Emirati agribusiness Al Dahra, is planning on investing some USD 200 mn to add between 80k-90k feddans to its land portfolio over the next five years.Abu Dhabi Tourism Investments Company, owned by the Abu Dhabi Fund for Development, is pumping new investments worth USD100 million to establish the Sofitel Legend Pyramids Hotel.The House also greenlit a EUR 1.8 mn grant agreement to support people with disabilities, with Italy set to provide EUR 1.65 mn and the Social Solidarity Ministry providing EUR 181k.We updated our FV for POUL to EGP21.29/share and maintain Overweight recommendation. The updated FV factors in:1. Adjusting revenues to new market prices.2. Normalized margins to average at 21.3% through the forecast period. 3. Strong cash position.4. New macro assumptions.POUL is currently trading at 2025f P/E of 3.3x.OIH is set to acquire Misr for Entertainment Investments with its non-executive expert directors and independent directors approving the acquisition in principle.Credit rating agency Fitch Ratings has upgraded the credit ratings of four major Egyptian banks. The agency upgraded the ratings of the National Bank of Egypt, Banque Misr, COMI, and Banque du Caire to B from B- with a stable outlook.Al Marakby Steel to invest EGP1.5 billion in the coming five years within the company's expansion plan and establishing a solar power station. Three Chinese companies had injected USD400 million of investments in the sanitary ware sector during the last few months.Kempston, specializing in the production of SPC flooring, to launch the first phase of its new factory in Ain Sokhna in 1Q25 with a capacity of 1 million sqm per year. The second phase is planned to be operational by the end of 2025 doubling the capacity to 2 million sqm a year. Chinese state-owned auto manufacturer FAW Group is re-entering the Egyptian market in 1Q25 under a partnership with an unnamed new agent.Chery International subsidiaries Omoda and Jaecoo are in talks to enter the Egyptian market through a partnership with an unnamed local agent.
Chinese appliance manufacturer Haier laid the foundation stone for the USD40 million second phase of its eco-industrial complex in Tenth of Ramadan City. With a production capacity of 300k refrigerators and deep freezers and offer around 1k jobs and is scheduled to begin production in the last quarter of 2025.Alexandria for Industrial Development (AID), a JV between Alex Steel and Catalyst Private Equity, is in negotiations with foreign investors to build USD120 million worth of factories in the Suez Canal Economic Zone under turnkey contracts.The Tourism Ministry is in talks with China's Chongqing Gaund Holding Group over the construction, management, and operation of a number of luxury floating Nile hotels.The Egyptian government paid USD1.2 billion of the arrears dues of foreign oil companies of USD3.2 billion last week instead of next October, in efforts to increase natural gas production in the country.A Kuwaiti investor intends to invest in the establishment of an integrated project in the chemicals sector in the Baghdadi Industrial Zone of Luxor Governorate.US Federal Reserve officials signaled the possibility of more big rate cuts this year, with Chicago Fed President Austan Goolsbee saying that the current benchmark interest rate was “hundreds” of basis points above the neutral level.The CBE sold nearly EGP54.5 billion in EGP-denominated, three-year treasury bonds yesterday, over 10x its target of EGP5 billion, with an average interest rate of 24.8%, down from 25.2% in the previous auction.The long-planned merger between state-owned Egyptian Ethylene and Derivatives Company (Ethydco) and SKPC may finally be getting the green light, with unnamed sources telling Al Borsa that the agreement is expected to go through by the end of October after the FRA approves the share swap factor between the companies.Saudi Arabia's Public Investment Fund (PIF) is reportedly looking into acquiring a stake in state-owned firm Egypt Gas, Al Mal reports. EGAS succeeded in signing 11 new oil and gas exploration agreements with international oil companies during FY23/24 with investments worth a minimum of USD925 million.United Bank is heading to the Gulf, Europe, and the US to promote upcoming IPO, slated for 1Q 2025. Up to 49% of the bank could end up on the EGX. Businessman Nagib Sawiris revealed that the volume of OIH's investments in gold mines reaches $1.5 billion.EFIH announced today that its subsidiary eAswaaq, along with Post for Investment, a subsidiary of Egypt Post, have launched the “ECOM Africa” company. The company will develop and operate specialized electronic marketplaces targeting the African market. A local consortium will invest USD450 million to build, manage, and operate a 300k square meter dry bulk terminal in Dekheila Port under an initial agreement inked with the Alexandria Port Authority, according to a Transport Ministry statement. The consortium includes four local private and state-owned firms, Mediterraneo Egypt, Latt Trading and Shipping, a SWDY subsidiary, and the Transport Ministry's Holding Company for Maritime and Land Transport.
What if you could navigate market volatility like a pro? Join us as we sit down with Katie Stockton, a Chartered Market Technician from Fairlead Strategies, who shares her expert insights on the recent spike in market volatility and its profound implications. Katie walks us through the transition from long-term bullish trends to a more cautious neutral stance, and what it means for future market pullbacks and opportunities. Learn about the pivotal shift in market leadership from high beta growth stocks to more stable value stocks, and how this balance is playing out between large caps and small/mid-caps.Sector dynamics are also under the spotlight as Katie highlights the potential revival in the energy and materials sectors. Hear about the promising signals from energy ETFs like XLE, OIH, and XOP, and the recovery prospects for base metals, especially copper. We also explore gold's unique bullish setup in the current commodity cycle and compare the defensive roles of healthcare and utilities sectors in today's market. Katie's breakdown offers a comprehensive view of sector shifts and how investors can position themselves to take advantage of these trends.Active management in volatile markets is a focal point as Katie explains how active managers can outperform through effective risk management and drawdown mitigation. Discover the significant role of technical analysis in identifying market trends and managing risk, particularly when fundamental factors take a backseat. Gain insights into the shifting dynamics of small cap and large cap benchmarks, the influence of the dollar's strength on market sectors, and the incorporation of international equity markets. This episode is packed with valuable advice and strategies, making it essential listening for any investor looking to navigate these turbulent times with confidence.The content in this program is for informational purposes only. You should not construe any information or other material as investment, financial, tax, or other advice. The views expressed by the participants are solely their own. A participant may have taken or recommended any investment position discussed, but may close such position or alter its recommendation at any time without notice. Nothing contained in this program constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instruments in any jurisdiction. Please consult your own investment or financial advisor for advice related to all investment decisions. Sign up to The Lead-Lag Report on Substack and get 30% off the annual subscription today by visiting http://theleadlag.report/leadlaglive. Foodies unite…with HowUdish!It's social media with a secret sauce: FOOD! The world's first network for food enthusiasts. HowUdish connects foodies across the world!Share kitchen tips and recipe hacks. Discover hidden gem food joints and street food. Find foodies like you, connect, chat and organize meet-ups!HowUdish makes it simple to connect through food anywhere in the world.So, how do YOU dish? Download HowUdish on the Apple App Store today:
The Electricity Ministry has completed its study on increasing electricity prices, with plans to introduce the hike in September following cabinet approval.Foreign investments in treasury bills increased last May by about USD2.04 billion, reaching USD37.5 billion at the end of May, compared to USD35.46 billion at the end of April.The Ministry of Electricity is satisfied with the existing “gas, steam, and combined cycle” thermal electricity generation plants and plans to not add any new projects of this type until 2030.Nissan Egypt is planning to invest USD55.9 million in the Egyptian market until 2026, according to a cabinet statement.According to local media, PHDC (FV: EGP7.11, OW) achieved stellar 2Q24 sales of EGP33.2 billion, up 157.7% y/y and 2.9% q/q, bringing 1H24 sales up 233.1% y/y to EGP65.5 billion. According to local media, ORHD (FV: EGP26.26, OW) intends to launch Touban in El Gouna in September 2024. The project is expected to generate sales of EGP45.0 billion over a five-year period.The Housing Ministry approved a fixed pricing system for land offerings, replacing the previous competitive bidding process.ARAB Board approved a EGP617.9 million capital increase through rights issue.The government is set to sign contracts with eight local-foreign consortiums to produce a total of 1.7 bn Kw/h of electricity from municipal solid waste across a number of governorates. The firms and bodies involved in the projects include ORAS (FV: EGP344.18, OW) and SWDY (FV: EGP45.69, EW) among others.We raised our FV of MTIE to EGP8.20/share and maintain our Overweight recommendation. In our valuation update, we factored in:Improved WC dynamics on the back of higher local products contribution to the company's distribution portfolio,Reflected developments across business lines, namely Telecoms, Automotive, Consumer Electronics, and NBFS,Adjusted the valuation to the new number of shares post bonus shares distribution, andRolled over the model and updated our macro assumptions.MTIE is currently trading at 2024f P/E of 7.8x and EV/EBITDA of 6.0x.According to local press, MNOs are currently conducting technical tests for the “WiFi Calling” service in preparation for its launch before the end of this year in Egypt. The service will be at the same price as traditional calls according to the system of accounting for each subscriber.DOMT released 2Q24 financial results, reporting net profit of EGP87.8 million (-13.0% YoY, -42.8% QoQ), bringing 1H24 net profit to EGP241 million (-4.4% YoY). DOMT is currently trading at 2024f P/E of 5.1x and EV/EBITDA of 4.0x.ALCN (FV: EGP35.86, EW) issued its preliminary 4Q23/24 results. Bottom line came in at EGP2.055 billion, up 8.7% QoQ and 71.9% YoY, bringing FY23/24 bottom line recorded EGP6.140 billion compared to EGP4.388 billion in FY22/23 (+39.9% YoY). BTFH released 1H24 results. Net attributable income reached EGP817 million compared to a loss of EGP146 million in 1H23. OIH released 1H24 financial results. Net income expanded by 244% y/y, recording EGP296.2 million versus EGP86.1 million last year.CANA sold its entire 39.7% stake in El Sherif Markets to home appliances manufacturer Fresh in a EGP95.2 million transaction.Petrojet targets finalizing the implementation of a new project for LPG and naphtha production in Suez during 4Q24 with investments worth EGP1.3 billion.Weekly Commodities Update
Egypt's PMI ticked up from 49.6 in May to 49.9 in June, posting only fractionally below the 50.0 mark which separates growth from contraction.Prime Minister held a presser a day after his new Cabinet took office, giving an overview of the new government's list of priorities and its upcoming plans. These include (1) increasing the private sector's contribution to the overall economy to more than 65% of total investments over the coming two to three years, (2) investing in Egypt's industrial development, and (3) improving transparency.The UK government's British International Investment (BII) has set aside USD100-200 million it plans to invest in Egypt's financial sector over 2024.The 20 LNG shipments state gas firm EGAS secured late last month — its largest in years — reportedly cost the state between USD880-910 million.Egypt asked the World Bank to extend the period of the comprehensive health insurance program for an additional 23 months to end in September 2026 instead of October 2024.Egypt imported fuel shipments worth about USD6.4 billion during 1H2024, an increase of c.4.92%.Regarding the cancellation of the Tourism Development Authority's (TDA) land reduction for Makadi Heights in 2022, ORHD (FV: EGP26.26, OW) announced that it has accepted the TDA's request for an additional payment of USD5.6 million in return for a new development timeline of eight years for Makadi Heights' remaining undeveloped land bank. We ran an exercise using the aforementioned payment timeline to get a sense of the impact of this payment on valuation, and the effect is minimal, entailing a reduction in FV of only EGP0.10/share.Raya Information Technology, a subsidiary of RAYA, plans to IPO on EGX in October 2024.OIH reported positive 1Q24 fianancial results. Net profit came in at EGP351.4 million (+240% y/y).The FRA approved establishing a new arm for CNFN, Contact Insurance Consultancy.Saudi low-cost airline Flynas launched its first flight from Riyadh to Alamein International Airport last Wednesday, becoming the first airline in the region to host scheduled flights to Alamein.
The Central Bank of Egypt is auctioning off USD980 million worth of one-year t-bills.The government is reportedly looking to issue new legislation and incentives to make units offered in the New Administrative Capital's central business district more attractive to foreign investors.The government will soon announce the new licensing requirements for private sector-run freezones.Expats have transferred some USD767 million to the government under its car-for-FX scheme.The IMF report on the first and second reviews of the EFF with Egypt revealed high estimates of fuel subsidies during the current and next fiscal years.Egypt's chemical exports recorded USD456 million in March 2024 compared to USD696 million in March 2023.The Tourism and Finance Ministries agreed to launch a program offering subsidized loans at a 12% interest rate to local and foreign hospitality players looking to set up more hotel rooms in Egypt. ORHD (FV: EGP26.26, OW) and TMGH (FV: EGP73.80, OW) are potential beneficiaries.OCDI reported 1Q24 net profit of EGP390.1 million, up 108.3% y/y and down 52.7% q/q.EGTS reported FY23 net loss of EGP112.6 million, compared to FY22 net profit of EGP67.5 million.ZMID AGM approved 1) the distribution of EGP0.15/share cash dividends (DY of 2.3%) over two tranches and 2) the distribution of 0.89:1 stock dividends.CIRA released positive 1H23/24 results. Net income grew by 30.6% YoY to record EGP288 million.OIH released FY23 results, where it recorded a net loss of EGP161 million compared to a net profit of EGP522 million. OIH is currently trading at P/E24 of 12.3x and P/B24 of 0.7x.Egypt has moved one step higher in the financing sustainability ranking published by the IFC-backed Sustainable Banking and Finance Network (SBFN).Weekly Commodities Update | | Last Price | WoW Change, % | Brent, USD/bbl | 89.5 | 2.5% | Diesel-HSFO Spread, USD/ton | 309 | 2.9% | Egypt Urea, USD/ton | 302 | -7.9% | Polyethylene, USD/ton | 1,030 | 0.0% | Polypropylene, USD/ton | 975 | 0.0% | Steel/Iron Ore Spreads, USD/ton | 388 | 1.0% | LME Aluminum Cash Price, USD/ton | 2,540 | -4.5% | Egyptian Retail Cement, EGP/ton | 2,089 | -0.2% | Steam Coal FOB Newcastle Australia, USD/ton | 130 | -0.7% | SMP, USD/MT | 2,541 | 0.0% | Last price may vary week over week in some indices due to time difference
Dan Nathan, Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Thursday, March 14th Timecodes 0:00 - QQQ 15:15 - MSFT 19:00 - ADBE + ORCL 24:30 - TSLA 27:00 - Earnings Insight 35:45 - OIH & Yields Subscribe to our newsletter: https://riskreversalmedia.beehiiv.com/subscribe MRKT Call is brought to you by our presenting sponsors CME Group, FactSet & SoFi Watch MRKT Call LIVE at 1pm M-TH on YouTube Sign up for our emails Follow us on Twitter @MRKTCall Follow @GuyAdami on Twitter Follow @CarterBWorth on Twitter Follow us on Instagram @RiskReversalMedia Like us on Facebook @RiskReversal Watch all of our videos on YouTube
The base wage used to calculate national ins. contributions for public and private sector workers will be raised to a minimum of EGP2k and a maximum of EGP12.6k as of 1 January 2024.The flow of traffic in the Suez Canal remains normal, authority head said.Egypt received USD8.8 billion in external financing for the government and private sectors during 2023, compared to USD13.7 billion in 2022, a decrease of 35.7%.Egypt's non-petroleum exports increased in 10M2023 by 5.3% YoY, to record USD29.5 billion, up from USD28 billion during the same period a year before.ADIB BOD has approved the mandatory tender offer to purchase the free float shares of Cairo National Co for Investment and Securities (KWIN) and up to 100% for EGP10.5/share. ADIB's current stake in the company is 89.992%. OIH's net consolidated profits jumped by 59.12% over 9M23, recording EGP422.24 million, compared to EGP265.36 million over 9M22.AIH's general assembly approved the agreement with JAF Investment Company, to acquire 30% of both Rawaj Consumer Finance Company and UE Finance Company, for EGP30 million and EGP147 million, respectively. Moreover, selling the company's entire stake in its subsidiary, Arab International Contracting, in exchange for removing all the debt AIH owes to it. EXPA postpones its EGM scheduled to be held on 11 January 2024 to 16 January 2024 to discuss increasing the paid-in capital by EGP840 million to reach EGP7,441 million from EGP6,600 million by distributing 1:7.8 bonus shares financed from retained earnings and FY22 net profit.Three bidders are competing to buy ETEL's towers at a transaction value of USD150-250 mn, according to local press.EGAL (FV: EGP77.75, OW) denied knowledge of an agreement, reported yesterday, that would see Emirates Global Aluminum (EGA) invest an undisclosed amount in EGAL. ETRS will establish a SAR10 million (USD2.7 million) limited liability company in Saudi Arabia in partnership with the kingdom's Link Investments in 1Q24. The new entity will have initial capital of SAR500 thousands.Weekly Commodities Update | | Last Price | WoW Change, % | Brent, USD/bbl | 76.6 | 0.9% | Diesel-HSFO Spread, USD/ton | 353 | -3.7% | Egypt Urea, USD/ton | 340 | -2.2% | Polyethylene, USD/ton | 990 | 0.0% | Polypropylene, USD/ton | 930 | 0.5% | Steel/Iron Ore Spreads, USD/ton | 375 | 1.0% | LME Aluminum Cash Price, USD/ton | 2,206 | 5.5% | Egyptian Retail Cement, EGP/ton | 2,076 | 5.8% | Steam Coal FOB Newcastle Australia, USD/ton | 145 | -3.8% | SMP, USD/MT | 2,671 | 1.9% | Last price may vary week over week in some indices due to time difference
Egypt has USD42.3 billion in foreign debt repayments in 2024, including interest payments.According to CBE data, Kuwait has rolled over a total of USD4 billion deposits. Also, the data shows a rollover of a USD1 billion UAE deposit.China-based chemicals manufacturer Befar Group could build a USD2 billion industrial complex for producing specialty chemicals in East Port Said under a letter of intent inked with the SCZone last week.Norwegian renewables developer Scatec will establish a 1-GW solar and 200-MWh battery storage project in Egypt, under an agreement signed with the Egyptian Electricity Holding Company (EEHC).Egypt will ink some USD270 million worth of projects aimed at slashing the industrial sector's carbon emissions, Environment Minister Yasmine Fouad said.The Ministry of Finance will request the expansion of the use of green sovereign financing in financing projects that reduce carbon emissions. Cabinet approved an MoU that will allow China Electric Power Equipment and Technology — a subsidiary of Chinese state-owned electric utility corporation State Grid — to begin its feasibility studies on a proposed 10-GW solar energy project.Five countries and the EU committed financing a combined USD420 million to the loss and damage fund, helping developing nations in their fight against climate change. Funds could start rolling out as soon as 1Q24.We upgraded our fair value for ORAS to EGP233.65/share up from EGP192.45/share, and maintain our Overweight recommendation for the stock. ORAS is currently trading at FY24e P/E of 11.4x and EV/EBITDA of 3.2x. Net foreign banking system assets deficit amounted to USD27.12 billion in October, recording an increase of 1.2% on a monthly basis. FAIT (FV: EGP33.00, EW) 3Q23 consolidated bottom line recorded EGP863 million (+61% y/y, +12% q/q), bringing 9M23 bottom line to EGP3.9 billion (+48% y/y). We issued an Equalweight recommendation on FAIT on an updated FV of EGP33.00/share. The stock is currently trading at P/B24 of 0.8x and P/E23 of 8.1x.The African Development Bank (AfDB) has approved a USD148 million financial package for COMI, which will be used to on-lend its clients and strengthen its capital position. Naguib Sawiris is planning to invest at least USD120 million in a project that aims to replace motorcycles' and tuk-tuks' traditional combustion engines with electric motors. The plan will be carried out through the e-mobility startup BlueEV, under an investment agreement signed with OIH earlier this year.CCAP's TAQA is set to submit a binding offer to purchase an unspecified number of fuel stations from military-owned fuel retailer Wataniya after Taqa's board approved the decision on Wednesday. Several OPEC+ countries agreed on Thursday to make deeper voluntary supply cuts in a bid to stabilize the markets. Real estate developers are in discussion with the government over incentives for Egyptian expats and foreigners who opt to pay in foreign currency to purchase properties in Egypt from private-sector developers.AMIC released its report for October showing personal cars sales of 6,970 units (+14.7% YoY, -11.6% MoM).The head of Pharmaceutical Industry Chamber of the Federation of Egyptian Industries stated that Egypt released only 30% of raw materials needs for pharmaceutical companies this year and the remaining quantity accumulated in the ports was not entered due to the shortage of foreign currency. This led to a decline of 40% in production capacities of pharmaceutical factories and a shortage of medicines in the market by 30-40% in 2023, according to local media.
Unemployment rate inched up to 7.1% in 3Q23.The European Union is said to be mulling a package of investment in Egypt that could clock in at nearly USD10 billion in sectors including digital, energy, agriculture and transport.Afreximbank is looking to extend USD11 billion in credit facilities to a number of Egyptian companies. The EGP weakened to a record low against the greenback in the parallel market yesterday, at more than 50.0 per USD. On the other hand, NDF contracts have fallen to a record low . The three-month EGP contract is down 14% over the period to 37.7 and the 12-month NDF has slid 11% since late September to 47.0, Bloomberg reports. The CBE has doubled the limit on daily and monthly prepaid cards, financial inclusion accounts, and mobile wallets. The Chinese company LONGi, has presented a proposal to establish a green hydrogen production plant in Egypt. We upgraded our FV for ABUK to EGP81.21/share, with an Equalweight recommendation. ABUK is currently trading at FY23/24 P/E of 7.0x and EV/EBITDA of 9.0x. PHDC (FV: EGP5.59, OW) reported 3Q23 results. Net profit in 3Q23 increased 25.2% y/y and 24.2% q/q to EGP441.3 million, bringing 9M23 net profit up 15.2% y/y to EGP1.0 billion. We raised our FV from EGP4.35/share to EGP5.59/share.EMFD (FV: EGP5.66, OW) reported 3Q23 results. Net profit in 3Q23 reached EGP1.5 billion, down 17.6% y/y and up 18.7% q/q, bringing 9M23 net profit up 1.8% y/y to EGP5.0 billion. We raised our FV from EGP5.01/share to EGP5.66/share.ARAB reported 3Q23 results. Net profit in 3Q23 reached EGP35.7 million, up 769.5% y/y and down 4.8% q/q, taking 9M23 net profit to EGP88.7 million, up 345.7% y/y. EFIH (FV: EGP23.50, OW) reported 3Q23 results. Net attributable profit surged to EGP429 million (+111.6% YoY, -1.7% QoQ). 9M23 net attributable profit came in at EGP1.1 billion (+66.5% YoY). BoD approved buying 1% treasury shares over a month and approved a 1% ESOP in 2023. EFIH is currently trading at 2024 P/E of 20.3x and EV/EBITDA of 13.8x. ORWE released 3Q23 results. Net profit for the quarter reached EGP596 mn compared to EGP79 mn in 3Q22 and EGP290 mn in 2Q23. ORWE is currently trading at a FY24 P/E of 5.6x and an EV/EBITDA of 4.9x Toma Company for Commercial and Industrial Investments have bought back 545 mn shares of DSCW at EGP0.80/share. The family now owns 58.6% of the company. CIB's London-listed depository receipts are now trading at a 46% discount to the bank's shares on the EGX, the widest the gap has been since 1997.HRHO (FV: EGP18.31, OW) 3Q23 net profit after tax and minority interest recorded EGP395 million (-2% q/q, +24% y/y), bringing 9M23 net attributable profit to EGP1,685 million (+68% y/y). HRHO is currently trading at P/E24 of 11.0x and P/B24 of 1.0x. HDBK released 3Q23 bottom line of EGP1,404 million (-17% q/q, +156% y/y) bringing 9M23 bottom line to EGP4,419 million (+152% y/y). HDBK is currently trading at 2024 P/E of 3.3x and P/B of 1.0x. BINV released 9M23 financial results where the bottom-line recorded EGP446.4 million (-55% y/y). BINV is currently trading at P/E24 of 3.3x. OIH reported standalone 3Q23 results where it recorded a net income of EGP14 mn (-92% y/y), leading to a 9M23 net income of EGP15 mn (-93% YoY). OIH is currently trading at P/E24 of 11.5x. AIH reported 3Q23 results where net attributable income stood at EGP5.3 mn (-47% y/y). 9M23 bottom-line recorded EGP27 mn (-39% y/y). AIH is currently trading at P/E24 of 6.3x and P/B24 of 0.6x. OFH reported 3Q23 results, where net profit for the quarter of EGP7.7 mn (-33% y/y), bringing the 9M23 bottom-line to EGP123 mn, compared to
Egypt's natural gas imports from Israel have dropped 19% to 650 million cfd on Monday after Chevron Corp. was instructed by Israeli energy ministry to shut down the Tamar natural gas field.The Egyptian parliament's Transport Committee approved a draft bill allowing Egypt's Transport Ministry to hand AD Ports a USD200 million 30-year concession to build, manage, operate, and maintain a multipurpose terminal at the Red Sea port of Safaga.Egypt's wheat imports jumped by c. 30% during 9M2023, reaching 8.34 million tons, compared to 6.43 million tons in the same period of the previous year.Trade deficit declined during July 2023 to USD2.93 billion, compared to USD3.82 billion for the same month of the previous year, a decrease of 23.2% YoY, mainly due to a drop in imports by 17% YoY to USD6 billion.Officials from Egypt and Turkey's central banks will meet next week to discuss using local currencies in bilateral trade.Maersk and the government are in the final stages of agreeing on the value of the 51% stake of the 545-MW Zafarana wind farm.The Ministry of Transportation is negotiating with Siemens on the local manufacturing of 14 railcars of freight shipping.The government announced a new initiative for the food and beverage sector in which goods will be sold at a discount ranging from 10%-25%. These goods include rice, sugar, dairy products, live and processed poultry, and other grains. OLFI announced yesterday that they will take part in the initiative by applying a 10-15% discount on all their products.JUFO is also expected to take part in the initiative. However, the dedicated volumes and discount rates are not disclosed yet, with expectations to match OLFI's but on specific products and not their whole product range. POUL does not expect to implement any discounts on the live bird segments; however, a slight discount might be implemented on Koki's products with a specific volume. It is not clear how the initiative will affect SUGR; however, we believe the effect will take place on the companies to which they supply and not directly on SUGR. The duration of the initiative and the dedicated volumes from companies to it will play an important factor on the effect on their profitability. F&B players have been witnessing a shrinkage in volumes and margins since the beginning of 2023 and were mainly supported by their rising prices. The discounts implemented are expected to partially offset the previous waves of prices increase and pressure margins amid rising raw materials costs. These discounts are expected to be in return for making foreign currency more available and no ports or customs delay, which might reduce costs slightly if implemented.More banks in Egypt have stopped the use of EGP debit cards outside the country. Orascom Pyramids Entertainment, OIH's subsidiary, is going to launch Hadbet El Haram project by 1Q24, with an expected investment of EGP1 billion. ALCN (FV: EGP30.58, EW) released FY22/23 financial results:•Net profit recorded EGP1.2 billion (+57.0% YoY, -14.3% QoQ) in 4Q22/23. The sequential decline is attributed to the strong base effect of the EGP222 million FX gain in 3Q22/23, while the annual increase in bottom-line came backed by the trickling down from high revenues and high interest income. •On annual basis, bottom-line recorded EGP4.4 billion in FY22/23 (+116.4% YoY). driven by an increase in EGP-denominated revenue per container and USD-denominated revenue per container and number of containers. •We upgrade our FV to EGP30.58/share, maintaining our EW recommendation. • ALCN is trading at FY23/24f P/E of 7.7xTAQA and Raya Holding subsidiary Aman have finished setting up their fintech company Aman Taqa Electronic Payments. ACAMD Board approved purchasing treasu
Morgan Stanley has downgraded Egypt's Sovereign credit from "neutral" to "dislike" on concerns about financing gap and high uncertainty.The House Budget Committee will discuss two draft bills that would raise the income tax exemption threshold and double exceptional stimulus payments to public-sector workers and pensioners. The changes were among a list of measures announced by President El Sisi last month to alleviate the impact of the economic crisis on vulnerable households.The EGX is in the process of completing procedures with financial regulators and brokerage companies to launch a derivatives market during 2024.The Ministry of Finance intends to issue EGP-denominated Sukuk before the end of the current fiscal year to finance national projects. The value will be determined after assessing the intended projects.The government is looking to sell 10-15% of its 22% stake in state-owned thermoplastic producer Egyptian Propylene and Polypropylene (EPP) to a foreign investorPHDC (FV: EGP4.35, OW) acquired the 374 feddan land plot directly adjacent to the company's flagship district, Palm Hills October. The project will include residential units, commercial space, an extension to Palm Hills Sporting Club, and a hotel, with expected sales proceeds estimated at EGP85.0 billion. This is positive news given that the land plot is located next to mature projects which we expect could dictate a premium in selling prices.OIH has finalized the sale of its subsidiaries, the real estate assets in Brazil, for a total of BRL90 million (approximately USD17.88 million). The company plans to utilize the proceeds in financing the company's investments in the tourism development and renewable energy sectors.The Social Housing and Real Estate Support Fund and QNBA signed a cooperation protocol to provide mortgage financing to low- and middle-income citizens. Banque Misr is to launch an ESG green index fund in 1Q24 based on S&P's sustainability index.The government imposed a temporary ban on sales of sugar to traders by both private and state-owned companies. The decision was made as a way to curb soaring sugar prices. The Madbouly government will meet with sugar-packing companies and traders later today to negotiate new terms and requirements for trading of the commodity.Accor Hotels is negotiating with the Ministry of Housing to acquire the rights to operate and manage three new hotels in different regions in Egypt during the coming years.CSAG BoD approved increasing capital by EGP100 million to reach EGP300 million through issuing one share for every two original shares held.
The CBE decided to keep interest rates unchanged at 19.25% and 20.25% for overnight deposit and overnight lending rates, respectively, citing a slight decline in core inflation and a moderation of real GDP growth.Egypt is in talks with an Abu Dhabi-based bank for a loan facility that would finance wheat purchases from Kazakhstan, as a cheap alternative to grain from Russia.The Asian International Infrastructure Bank (AIIB) is holding its annual meeting in Sharm El-Sheikh on 25-26 September. AIIB's current investment portfolio in Egypt amounts to USD1.3 billion. The most important part of the portfolio is the Benban Solar Park project with anticipated investments in the pipeline total just over USD1 billion, mainly in infrastructure financing.The Ministry of Petroleum has upped its investment forecast for the oil and gas sector to USD8.5-9 billion in FY2023/24 up from its previous estimate of USD7.7-8 billion.The Trade Ministry will bring its three-month export ban on onions into effect on 1 October. The USD index reached its highest level in six months, rising by more than 6% since its recent low in mid-July, as investors took a pessimistic view on interest rates in the wake of the Fed's indication that interest rates will need to stay higher for longer.The CBE directed banks to repeal the subsidized interest rate on loans and facilities obtained by government economic authorities, as the CBE had been granting economic authorities loans at a subsidized interest of 5% for two years, which was objected to by an international agency.The government intends to grant tax incentives and exemptions recently approved, including exemption from all types of taxes for up to 5 years, except for value-added tax, to investments worth more than USD500 million, especially in sectors that have an import gap.Suez Canal revenues recorded USD888.6 million in August 2023, compared to USD745.6 million in the same month last year, an increase of 19.2% YoY.The government-owned real estate company Mohammed Alabbar is reportedly considering to acquire through his Eagle Hills company is City Edge, according to local media.SKPC decided to postpone the acquisition of Ethydco until finalizing the study of an offer by a strategic investor to acquire a share of Ethydco's capital through a partial exit of some of the company's existing shareholders.The government hopes to sign final contracts with ADQ before the end of this week for the sale of shares in Egyptian Ethylene and Derivatives Company (Ethydco), Egyptian Linear Alkyl Benzene (Elab), and Egyptian Drilling Company (EDC). It came to an initial agreement with the Abu Dhabi wealth fund earlier this year to sell 25-30% stakes in the three companies for USD800 million.President Abdel Fattah El Sisi has signed a law authorizing Oil Minister Tarek El Molla to contract Chile's Enap Sipetrol and the Egyptian General Petroleum Corporation to carry out oil exploration and extraction in the Gulf of Suez.OIH's Board has agreed to sell 100% of the assets it owns in Brazil.Ashry Steel submitted an offer to the state-owned Metallurgical Industries Holding (MIH) to acquire its subsidiary Delta Steel, according to local media.The Trade Ministry has extended its sugar export ban for another three months until 20 December.MNT-Halan issued a securitization worth EGP1.04 billion, as part of a three-year program worth EGP3.0 billion. This is the second issuance in the program.
The CBE is preparing to launch a new index which links the Egyptian Pound with a basket of international currencies and gold with various weights in order to determine a more realistic exchange rate instead of depending solely on the USD.Misr Life Insurance finalized preparations to offer 45% of its shares in IPO.Investors will be able to bid for industrial land from Wednesday, 16 Aug, through Wednesday, 27 Sep, under a new phase of the IDA investment map. The government is in talks with Actis in a bid to convince it to pay USD 600-800 million for the 580-MW Gabal El Zeit wind farm. The Finance Ministry will pay out a third batch of export subsidies under the sixth of the program today and tomorrow. SKPC (FV: EGP22.8; EW) 2Q23 net profit recorded EGP689 million (+218% YoY). 1H23 net profit increased by 159% YoY to EGP1.2 billion. We changed our recommendation to Equalweight from Overweight. SKPC is currently trading at a 2023e PE of 7.1x. Total exports of the sector amounted to USD1.3 billion during 1H23, down 20% y/y.Natural gas futures surging 13% yesterday. ORWE (FV: EGP18.50, OW) 2Q23 net profit recorded EGP290 mn (+37.3% YoY). The company did not receive any export rebates for the second quarter in a row. ORWE is trading at a FY23 P/E of 5.6x.DSCW (FV: EGP0.57, OW) 2Q23 standalone net profit recorded EGP105.8 mn for the quarter ( +260.3% YoY). DSCW is currently trading at a FY23 P/E of 4.8x.STC renews interest in acquiring a stake in Vodafone Egypt, according to local press.EFIH (FV: EGP23.50, OW) 2Q23 net attributable profit surged to EGP436 million (+56.2% YoY). EFIH is currently trading at 2023f P/E of 28.7x.EMFD (FV: EGP5.01, OW) reported weak 2Q23 results, with revenue reaching EGP3.8 billion, down 14.0% y/y. HELI (FV: EGP12.44, OW) reported weak 2Q23 revenue of EGP134.2 million, down 91.0% y/y, bringing 1H23 revenue down 85.4% y/y to EGP225.1 million. OCDI (FV: EGP23.30, OW) intends to open a sales center in the UAE.EGTS (FV: EGP1.68, EW) reported 2Q23 net loss of EGP46.8 million, compared to 2Q22 net loss of EGP3.5 million.ARAB (FV: EGP0.65, EW) reported solid 2Q23 sales of EGP1.2 billion, up 99.7% y/y, bringing 1H23 sales up 174.6% y/y to EGP2.5 billion. AMER reported a 5.8% y/y increase in 1H23 revenue to EGP651.8 million and a 46.5% y/y increase in 1H23 net profit to EGP18.0 million.BINV (FV: EGP23.50, OW) released POSITIVE 1H23 results where the bottom-line recorded EGP385 million which is 6x more than the bottom-line in 1H22. BINV is currently trading at annualized P/E23 of 5.3x.CNFN's 2Q23 bottom-line recorded an impressive EGP172 million (+64% y/y). AIH reported POSITIVE 2Q23 results where net attributable income stood at EGP12.6 mn vs a loss of EGP2.3 mn in 2Q22. OFH 2Q23 net profit recorded EGP4.9 mn, leading to a 1H23 net profit of EGP115 mn, vs 1H22 loss of EGP234 mn. OFH is currently trading at annualized P/E23 of 8.0x and annualized P/B23 of 0.7x.OIH reported NEGATIVE 2Q23 results where it recorded a net loss for the quarter of EGP51 mn. OIH is currently trading at annualized P/E23 of 40x.DOMT (FV: EGP9.24, OW) 2Q23 net profit climbed by 66.2% YoY. DOMT is currently trading at a FY23 P/E of 4.2x.RMDA (FV: EGP3.80, OW) 2Q23 attributable net income declined by 6.1% YoY to record EGP49 million in 2Q23. RMDA is currently trading at 2023f P/E of 7.3x.SCEM consolidated net loss after minority of EGP79.7 million in 1H23, shrinking from comparative losses of EGP102.4 million.LCSW 2Q23 attributable net income of EGP167.9 million in 2Q23 compared to net loss of EGP60.6 million in 2Q22. LCSW is currently trading at an annualized P/E of 2.4x.
The Supreme Investment Council approved 22 measures aimed at attracting more foreign investment. The decisions include: Reducing the cost of establishing companies, Expanding the issuance of the Golden License, Facilitate land ownership, Alleviate financial and tax burdens on investors, and Incentives for transportation and housing sectors, especially in new cities. The EBRD has cut its Egypt growth forecast for the current fiscal year to 4.0%, down 0.7% from its last forecast. The EBRD now sees the economy growing by 4.8% in FY23/24, down from its forecast for 5.0% growth in February.Egypt was the largest recipient of FDI in the MEA last year and the second largest recipient globally. Egypt drew around USD107 billion of FDI in 2022, which went towards 148 projects. This was supported by several mega projects being announced in renewable hydrogen.The European Investment Bank (EIB) will invest EUR50 million every year into Egypt-focused private equity and venture capital firms.The Internal Trade Development Authority plans to offer new land plots for investors with investments worth up to EGP2 billion during 1Q23/24 through the usufruct system.The Ministry of Finance is planning to offer Sadat City dry port during FY23/24 with investments worth EGP3.4 billion through a public private ownership joint project. LCSW attributable net profit rose to EGP89.0 million in 1Q23 (+204.0% YoY, +136.1 QoQ), on the back of higher revenues by 63.2% YoY and 28.0% QoQ and lower COGS to sales ratio as the company had a stock of raw materials with pre-inflation prices.The Egyptian Company for Silos and Storage affiliated to the Ministry of Supply entered an alliance with both SWDY (FV: EGP19.97, OW) and Samcrete Company, with the aim of establishing an investment arm that will undertake the implementation of new silos at an investment cost of USD200 million, and with a storage capacity close to one million tons. Saudi Arabia's “Natural Gas Distribution Co.” has entered into a partnership agreement with CCAP's TAQA Arabia to explore ways to develop and operate gas transportation services.New laws in the free investment zone allow companies that use natural gas as their main input, to build their projects there. Fertilizers and petrochemicals sector is now permitted to operate at the free zone.Moody's placed several Egyptian Banks on review for downgrade, including National Bank of Egypt, Banque Misr, Banque Du Caire, COMI and Alex Bank.OIH's BOD approved the plan proposed by the management to restructure some of its subsidiaries in Netherlands and Brazil through transferring assets from and to a subsidiary.NBFS Update| The NBFS sector is witnessing strong growth with increasing interest rates. Microfinance is expected to record 40% YoY growth in 2023. Consumer Finance customers witnessed a growth of 86.6% YoY in 4Q22. Alternatively, the negative effect of higher rates (lower profit margins and higher cost of financing) is evident in some sectors such as leasing as the number of contracts decreased by 15.1% YoY in 4Q22. Mortgage financing contracts decreased by 44.1% during the same period.Vodafone Egypt recorded revenues of EGP10.4 billion in 1Q23/24 (+c.25% YoY), attributed to data revenues growth and an increase in the number of customers.
Dan Nathan, Guy Adami and Liz Young break down the top market headlines and bring you stock market trade ideas for Thursday, May 11th 0:00 - Intro 5:30 - EY on CPI 11:15 - Yields & Rates 18:00 - Metals & Mining (Gold/Copper) 22:00 - Energy (Crude Oil, OIH & XLE) 26:30 - No Fear Of Debt Default? 32:00 - Google & Disney 35:30 - Earnings Insight MRKT Call is brought to you by our presenting sponsors CME Group, FactSet & SoFi Watch MRKT Call LIVE at 1pm M-TH on YouTube Sign up for our emails Follow us on Twitter @MRKTCall Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow @CarterBWorth on Twitter Follow us on Instagram @RiskReversalMedia Like us on Facebook @RiskReversal Watch all of our videos on YouTube
-SUGR Pitch| Stock price has been witnessing a sharp incline, recording 66% rise YTD. The movement only proves how highly correlated the company's stock price to FX rates and global sugar commodity prices. With speculations of another currency devaluation within 2Q23, along with the consensus estimates for global sugar prices rising by an average of 11% throughout 2023-2027 by early May compared to the estimates of early January, the stock's hike is self-explanatory. Scenario analysis shows FV range of EGP45-60. Check tables for details. -The Finance Ministry is now targeting a fiscal deficit of 8% of GDP in FY22/23 and 7% in FY23/24, in light of commodity prices, interest rates, and social spending spikes. -Suez Canal revenues jumped to USD904.5 million in April 2023, compared to USD630.5 million in April 2022.-A number of foreign and local investment alliances have expressed interest to acquire Safi or Wataniya, the two military affiliates. The government will receive the bids in May. -The “Expat Car Importing Initiative” is coming to an end, with USD713 million in proceeds.-BINV alongside the Sovereign Fund of Egypt (SFE) Healthcare & Pharma Subfund have launched a new company, EZ International, in partnership with El-Ezaby Pharmacy, offering logistics and management services for pharmacies, as well as pharmaceutical distribution and trade services. -OIH has become a strategic investor in a local e-mobility company, BlueEV. It operates a network of lithium-ion battery swapping stations for two- and three-wheeled electric vehicles.-COMI has discontinued its three-year, 18-20% annual-rate certificates of deposit, replacing them with 19-17% ones. -Chevron, Shell, and Israeli energy firm NewMed Energy have started drilling at Cyprus' Aphrodite field, according to a statement from NewMed. -TMGH declared cash dividends of EGP0.19/share (DY of 2.0%). Record date is 28 May 2023. -MHOT reported 9M22/23 net profit of EGP658.4 million, up 140.1% y/y, driven by revenue performance.
Bloomberg reported that last month's banking crisis that saw the collapse of three US lenders and Credit Suisse didn't produce the kind of turmoil seen in the lead-up to the 2008 meltdown, raising concerns about what might be coming down the line amid uncertainty about interest rates and inflation.Japan has split from its G7 allies and will now purchase Russian crude at prices higher than the USD60/bbl cap. Brent crude is currently trading slightly above USD85/bbl.Egypt's net foreign assets slipped to a negative USD 23.02 bn in February from negative USD 21.70 bn in January 2023, and down from positive USD 20.4 bn in February 2021.EGP twelve-month non-deliverable forwards have the EGP hitting 41 to the USD.Out of EGP 3 bn worth of local currency potential bond issuance on Monday, the government accepted only one offer to buy EGP 1.1 mn worth of the three-year bonds at a 21.7% rate, after investors demanded yields of up to 28%, in light of further depreciation fears.The National Bank of Egypt and Bank Misr collected EGP 122 billion in investments into the two new CDs issued earlier this week. Out of the World Bank's USD7 billion allocated to projects with the Egyptian government, between 2023 and 2027, five are being implemented this year at a value of USD 2.34 billion.Investors have started submitting capital-increasing offers for the state's newly-established hotels company, according to the Sovereign Fund of Egypt (SFE) CEO. The General Division for Medical Supplies at the Cairo Chamber of Commerce will send the CBE a memo requesting his renewal for instructions to all banks on the importance of expediting the procurement of foreign exchange for shipments of medical supplies currently stacked in Egyptian ports since last January.SCZone General Authority announced yesterday the completion of about 72% of the development work of Ain Sokhna port, with plans to transform the port into a pivotal one that serves global trade through the Red Sea and opens new markets for Egyptian exports.The General Authority for Investment and Free Zones is to finalize the draft law regulating the Cairo Financial Center with target investments of USD 2-3 billion in 2024.The government has inked a USD 120 mn agreement with a consortium led by Renergy Egypt to design, build, own, and operate its new waste-to-energy factory in Abu Rawash city.EGTS (FV: EGP1.68, EW) reported FY22 revenue of EGP116.7 million and net profit of EGP113.9 million, compared to FY21 revenue of EGP127.6 million and a net loss of EGP62.1 million. The shift to profit is due to the increase in net interest income from EGP6.9 million in FY21 to EGP151.9 million in FY22 due to FX gain. The Board approved resuming land plot sales following the lack of land sales the last few years based on an earlier Board decision.EGAL reached a short-term financing agreement with Suez Canal Bank (CANA) worth EUR12 million to purchase an Italian wires machine with a capacity of 500 tons per month. The company announced paying 35% of the investment value in advance, while the remainder is to be paid with a 1.5% LC.SAUD is in discussions to increase its stake in ATLC to more than 10% from the current 7.5%. In addition, it is in talks to acquire 10% of Tally, Banque Du Caire's e-payments platform.OIH released FY22 results where net attributable income stood at EGP368.4 mn compared to a loss of EGP113.0 mn in FY21. The growth mainly came on the back of FX gains of EGP139 mn and revalued foreign accounts amounting to EGP328 mn. OIH is currently trading at P/E23 of 3.0x and P/B23 of 0.37x.OIH is preparing to establish a new company in Egypt under the name TL for trade and logistics services. In addition, the BoD approved two investment projects, the first in the field of renewable energy and electric vehicles, and the second is a commercial platform serving trade in Africa.
Dan Nathan and Carter Worth break down the top market headlines and bring you stock market trade ideas for Wednesday, March 1st. - Higher Yields Yield Lower Stocks? $TLT $SPX - Resources stocks respond to China Data $AA $FCX - $XLE & $OIH rally despite $OIL unchanged - $SNAP So Bad It's Good? - $TSLA Investor Day MRKT Call is brought to you by our presenting sponsors CME Group, FactSet & SoFi Watch MRKT Call LIVE at 1pm M-TH on YouTube Sign up for our emails Follow us on Twitter @MRKTCall Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow @CarterBWorth on Twitter Follow us on Instagram @RiskReversalMedia Like us on Facebook @RiskReversal Watch all of our videos on YouTube
SALE ON TRENDSPIDER ENDING SOON Get 55% off Trendspider here - please use this link as I do get a commission when you sign up, but it's the program I use my algorithm in and I'll give you access to the algorithm if you sign up through this link. I will also give you watch lists and my custom scans that I use in the podcast every day. Sign up for Webull and get free stocks like I did - WEBULL LINK Support the podcast - HERE Social Links and more - https://linktr.ee/dailystockpick $NKE killed earnings and market is looking positive. With it down this much, we could be looking at an up swing for the rest of the week with some good news. $Mrna way up again $Wfc $Bac $Boil $kold $Soxl $Soxs $Tqqq $sqqq $Nke up - beat earnings - up almost 12% - I said to buy it under $100 before - of course I didn't
Gold exporters will need to receive payment into a bank account within 10 days of making a sale or face being blacklisted by the banking sector under new rules announced by the CBE.The Supply Ministry has set up a committee to determine the fair price of 10-15 kind of foods classed as strategic commodities amid soaring inflation. The Parliament voted through amendment to the Unified Tax Procedures Act that would allow foreign tax authorities to access individuals and businesses' financial information.The Ministry of Electricity and Renewable Energy received two new offers from two Chinese and Japanese companies to invest in renewable energy projects with investments worth USD4 billion.OIH is holding on its stake in Koryolink in the present time, according to an EGX release. This comes after several reports have been circulating in the local press that OIH is looking to divest its stake in the firm and settle its balance sheet. SWDY's (FV:EGP10.41, OW) board has approved taking out a USD200 mn revolving loan from Afreximbank. The company didn't elaborate on how the loan will be used. The Egyptian Tax Authority has rolled out its digital wage and income tax platform for some taxpayers in a pilot phase this week. MICH started the execution of a new caustic soda evaporation unit with EGP130 million in investment cost.Two draft laws that would allow the government to bring in companies to develop two container terminals in Alexandria's Dekheila port and the Ain Sokhna port were referred to the House of Representatives. The House of Representatives approved the report of the Transport and Communications Committee and the Office of the Constitutional and Legislative Affairs Committee on a draft law submitted by the government to amend the law granting a commitment to build and develop the superstructure, manage, operate, maintain and re-deliver the second container terminal “Tahya Misr 1” in Damietta port.
The IMF's executive board has approved a 46-month USD3 billion financial support package for Egypt, saying it will catalyze additional funding of about USD14 billion. The agreement provides for an immediate disbursement of about USD347 million.NUCA approved allocating land plots directly to foreigners on the condition that the land's value is fully paid in US Dollars.The CBE's board approved extending the deadline from 31 December 2022 to the end of December 2023 for banks that have not so far increased their credit facilities portfolio to micro, small and medium enterprises (SMEs) to 25%.The Egyptian banking sector has managed to secure dollar liquidity worth more than USD5.3 billion from November until mid-December 2022. Prime Minister Mostafa Madbouly appointed investment banker Hossam Ahmed Heiba as executive president of the General Authority of Free Zones and Investment (GAFI). He also appointed Bassel Rahmy as CEO of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA).CCAP posted EGP17 million in consolidated net income during 3Q22, down by 95% QoQ and compared to EGP441 million in net losses in 3Q21. CCAP is still in negotiations with its lenders for debt restructuring. However, ERC is expected to repay delayed debt installments and go current by the end of 1Q23. Oil fell by more than USD2/bbl on Friday on fears of a looming global recession. Oil Minister confirmed that a large gas discovery has been made in the Narges block in the Eastern Mediterranean. After years of unsettled profits in North Korea due to the economic sanctions imposed on the country, OIH (FV:EGP0.60| OW) is trying to transfer its profits on its investment in North Korea ( in Koryolink Telecom Company) amounting to more than EGP16.2 billion as of September 2022. If the company succeeds in transferring its profits, it will add EGP0.54/OIH share.The Saudi Bank is interested in acquiring Banque Du Caire as a strategic investor, with a value that may reach USD3 billion. If the transaction is finalized on USD3 billion, it Implies a P/E22 multiple of 19.4x, and a P/B22 of 3.2x, which are higher than precedent transactions in the sector. ESRS (FV: EGP21.75, OW) raised the price of rebars by EGP2,000/ton to EGP23,450/ton (including VAT) as of December 18, 2022, 9% higher than a week ago and 15% higher than the beginning of December. Demand for the expats car import scheme hasn't lived up to expectations, hence the cabinet amended the requirements last week. The amendments include no longer requiring buyers to deposit fees for the program three months before transfers and waiving the requirement to have the Foreign Ministry certifying residents' bank statements.CSAG declared FY21/22 dividends distribution of EGP0.79 per share with payout ratio of 87.4% and dividend yield of 3.3% to be distributed on 8 January 2023 with the record on 3 January 2023.EgyptAir will increase its weekly flights from Cairo to Moscow from 11 to 14 flights starting 18 December 2022.
Support the podcast - https://anchor.fm/dailystockpick/support Social Links and more - https://linktr.ee/dailystockpick $MEDP for Joe in to earnings $MULN $TQQQ under $20 $BOIL $TSLA - estimates are that Elon may have sold as many as 4-5m shares yesterday… may have 5m more to sell $amzn freezing hiring in web services group - it was thought this was still growing and recession proof and Bezos said he thinks there will be a recession $lng down $baba - play this like 7/4 and trade it in to earnings next week $ko earnings $amgn all time high and reasonable $lly - super strong in a bear market - has to be something there $slb $pep for Tom “The environment clearly is still very inflationary with a lot of supply chain challenges across the industry,” said PepsiCo CEO Ramon Laguarta. The snack and beverage company beat analyst expectations for both revenue and earnings per share as its price hikes buoyed its bottom line, even as some units saw volume declines. $crk - comstok $Oih and $HAL - not a fan since dick Cheney $Mpw and $agnc - huge dividends . Article on Twitter $UPS 6AM ET General Motors $GM 6:55AM Coca- Cola $KO 6AM Cleveland Cliffs $CLF 7AM Halliburton $HAL 6:45AM General Electric $GE 6:20AM 3M $MMM 6:30AM Raytheon $RTX 6:55AM WhatsApp owned by meta was down at 3am for quite a while $Gm beat eps but missed revs and popped on earnings but has come back down - reaffirmed guidance so nothing shocking $NIO for DMAN - and MMAT special dividend stock $UPRO - bull $SPXU - bear $SPXL - bull $TQQQ - bull $SQQQ - bear $SARK - bear $BOIL - cross up soon - heading into winter $UCO SCANS $TMO - but read the article on finviz $COIN $VZ $HD --- Support this podcast: https://anchor.fm/dailystockpick/support
S&P Global Ratings has affirmed Egypt's BB credit rating with a stable outlook on the back of expectations that fresh financial support from the IMF and the GCC will help Egypt meet external funding needs for FY 2022-2023, which total around USD 18 bn. Egypt attracted USD6.5 bn in inbound M&A in 9M2022, making it third-biggest destination in the MENA region after the UAE and Saudi Arabia. The Petroleum Fuel Pricing Committee left fuel prices unchanged at its latest quarterly meeting, ending a streak of six consecutive months of price hike. Companies that use foreign currency to fund at least 50% of the investment cost of industrial projects in Egypt could receive a tax cut of up to 55% on income generated by projects funded by FX, according to amendments approved by cabinet last week. Head of the Suez Canal Economic free zone discussed the future plans of the green fuel projects with Maersk and Simens international companies. El-Sisi directed for the establishment of more nitrogenous fertilizer factories, to boost agricultural production and food security. The Saudi PIF is to inject USD200 million representing 65% of EGAL's expected capital increase, pending FRA approval.Banque Misr is arranging a syndicated loan of EGP5 billion for 7 companies affiliated with SWDY Group, to finance working capital.Hassan Allam Holding and Emirati renewables player Masdar will invest some USD10 bn in a green hydrogen project in the Suez Canal Economic Zone (SCZone) over the next seven to 10 years. To help them cushion the impact of the CBE's new reserve requirements, a number of banks have issued three -year certificates of deposit (CDs) at interest rates of between 13.5%-15.0%Several local banks have addressed the CBE to obtain a new deadline for reaching 25% allocation to SME financing within their lending portfolios.OIH is ready to invest up to USD 100 mn in the Moroccan market as soon the appropriate investment arises, looking into renewable energy, EV charging stations and the agro-industrial sectors.EFID awaits FRA's approval for establishing a micro-finance arm. EFID launched a second cake line in its facilities in Morocco to produce "Twinkies"; at an investment cost of EGP200 mn.A GCC investor acquired a 3% stake in EFID through buying 20 mn shares out of Kingsway stake at a price of EGP9.60/share, and a total cost of EGP192 mn.ETRS expansion plan includes acquiring 'Nosco,' a leader in the Egyptian trucking industry, and to transform into a holding company through establishing some subsidiaries post the restructuring process. In addition, the company plans to enter some foreign markets, especially Africa, in light of the boom in infrastructure and energy projects. Benya Group, a digital solutions and ICT infrastructure provider in Egypt and the MEA Region, is in negotiations with three investment banks for a possible EGX listing.
El Sisi held a meeting with a delegation of Egyptian business leaders and investors from a range of industries. El Sisi said import issues will be resolved in a month or two.Foreign companies rejected the Egyptian Electricity Transmission Company's decision to pay the value of contracts and tenders for the supply and installation of station equipment in EGP-equivalent instead of USD.The House of Representatives' general assembly gave its final approval yesterday to two separate bills of particular interest to car assemblers and distributors. The OLFI reported positive 3Q22 attributable of EGP145.7 mn (+31% YoY, +61.5% QoQ), backed by a trickling down of record-breaking revenues and gross profit. OLFI is currently trading at a FY23 P/E of 4.2x and an EV/EBITDA of 3.6x.EFIH led a USD3 million financing round for a minority stake in “Nexta” to generate operational synergies between Nexta and the Group's subsidiaries.The volume of e-commerce in Egypt has reached about USD6 billion through payment cards, whether visa or direct debit cards (e-aswaaq of EFIH).The Egypt Education Platform alliance and Egypt's Sovereign Fund acquired 56% of Selah EL Telmeez for EGP500 million. OIH's BoD agreed to obtain an interest-free loan from its North Korean subsidiary amounting to EUR81.7 million and to purchase 10% treasury shares.Aman for Financial Services, a subsidiary of RAYA, intends to issue securitization bonds of EGP600 million.EGAL's general assembly approved a cash dividend distribution for FY2021/22 of EGP4.50/share; DY of 18.7%.
Banks have started to open letters of credit for the release of basic strategic commodities, as they work on securing the dollar liquidity necessary for the release of basic commodities. Supply Minister called on MPs to form an ad hoc committee to look into possible changes to the country's bread subsidy program.The EGX is looking to drum up interest in listed companies on a roadshow to Dubai and Abu Dhabi later this month.The IMF and World Bank annual meetings kick off today in Washington, DC, and wrap up on 16 October, discussing the multiple crises faced by global economy.Several international investors and investment funds have submitted offers to acquire shares in hotels owned by state-owned Egyptian General Company for Tourism and Hotels. The Ministry of Electricity is negotiating with the German Development Bank to finance a project to develop power generation turbines from the High Dam, with a value expected to exceed EGP600 million.OIH is planning to invest somewhere between USD200-300 million to set up four new hotels in Egypt.SKPC will hold an extraordinary general assembly on November 2, 2022, to approve increasing the company's issued and paid-in capital by EGP252 million.PACH did not receive any information concerning news that Qatar Investment Authority (QIA) is studying the purchase of a majority stake in the company.The Court canceled an earlier verdict against CCAP in three cases covering four cheques of a total value of USD10.17 million.EGAS received the FRA's approval to increase the issued capital by EGP481 million.CBE launched the financial inclusion strategy for 2022-2025, with four main aspects: financial education, diversity in NBFS products, creating a business environment for SMEs, micro enterprises, and entrepreneurs, and digital financial services.Bayer plans to invest EGP240 million in Egypt over the next three years by reintroducing five products to the market.The Senate is set to discuss amendments to the Environment Act that would see a “green fee” of between EGP1k and EGP50k applied on new diesel and gas vehicles.State-owned National Automotive Company has acquired 33% of local private sector EV services platform Electrified.
Enterprise reported that the government has formed a new council of economic advisors, adding that the council will see prominent members of the business community that can provide support to the government through our current challenges.The government aims to go ahead with the listing of “Wataneya” and “Safi” before the end of this year.Minister of Planning said that the government is about to approve an incentive package to localize several industries, with the details to be announced before mid-October.Ministry of Supply is signing contracts for the construction of the first phase of strategic warehouses, to raise storage capacities from the strategic commodity reserve to 9 months instead of only 6 months.Minister of Petroleum revealed that there are good exploration prospects in the Red Sea region, which will boost the oil reserves by 15 million barrels.SWDY has secured EGP 2 bn in Islamic financing at a 3-year tenor with an interest rate of 8%. CIRA's Cairo Saxony University inked an agreement with the International Dental Institute to roll out a dental program at the university.GB Capital and EFG Hermes released an update on Kaf, the rebranded life insurance company which saw its customer base jump from 100 thousand at acquisition to a current 2 mn.OIH participated with a 40% stake in the establishment of Afrigate Company for Marketing and Commercial Mediation, with an issued capital of EGP150 million (EGP0.01/OIH share).SPMD's board decided to approve the closure of its drive-through branches on September 30th.Tawasol Holding objected to Anderson's valuation for AMES, due to material errors.Pickalbatros Hotels is opening a 318-room hotel in Hurghada at the end of September 2022, a 1,550-room hotel in Hurghada in October 2022, and a 1,000-room hotel in Marsa Alam in February 2023.Weekly Commodities UpdateBrent, USD/bbl 85.3 -3.8%Diesel-HSFO Spread, USD/ton 583.1 3.7%Egypt Urea, USD/ton 850.0 0.0%Polyethylene, USD/ton 1,150.0 0.0%Polypropylene, USD/ton 1,025.0 1.0%Steel/Iron Ore Spreads, USD/ton 474.2 4.0%LME Aluminum Cash Price, USD/ton 2,148.1 -4.0%Egyptian Retail Cement, EGP/ton 1,445.0 0.0%Steam Coal, USD/ton 435.2 -0.9%Crude Palm Oil, USD/MT 762.8 -3.9%SMP, USD/MT 3,547.0 -0.8%
TimingResearch.com Crowd Forecast News Episode #358, recorded at 1PM ET on September 12th, 2022. The full video, timeline, special offers, and show notes available here: https://timingresearch.com/blog/2022/crowd-forecast-news-episode-358/ Highlights: • S&P 500 / $SPX / $SPY projections for the week. • Norman explained his reasons for watching for a downturn this week. • Dennis explained Harmonic Elliott Wave Theory as applied to current markets. • Other symbols discussed: $GLD, $OIH, $SLV, and more! Lineup for this Episode: - Norman Hallett of TheDisciplinedTrader.com - Dennis of CastAwayTrader.com - The Option Professor of OptionProfessor.com (moderator) ⚡ eBook: 10 Recession Trading Strategies https://timingresearch.com/LR2POD Terms and Policies: https://timingresearch.com/policies/
Breaking Even is back for another episode! The NFL is back baby! Jonathan Coachman has looked into his crystal ball and he saw some LOCKS for week 1. OPEC is in the news, you know its time to talk about our favorite ETF... $OIH! 0:00 - NFL Betting Advice 14:00 - Coach's CFB Lotto Ticket 20:00 - NFL Week 1 Picks & Analysis 30:00 - $TSLA, $OIH & Inflation 42:30 - Hey You Guy! ---- ABOUT THE SHOW: Breaking Even, where cash meets the course. Each week, host Ned Michaels will combine his love for golf, sports and financial markets into an action-packed podcast where no topic is out of bounds. Joined regularly by CBS sportscaster Jonathan Coachman and CNBC's Guy Adami, Breaking Even has you covered when it comes to options trading in the S&P 500 or when making picks against the spread. We follow the action where ever there is money to be made. Breaking Even is available on Apple Podcasts, Spotify, Stitcher, Castbox and wherever else you listen to podcasts. Enable push notifications so you always know when the latest episode is available! Shoot us an email at contact@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @breakingevenpod on Twitter, Facebook, and Instagram. Follow Ned Michaels on Twitter Follow Jonathan Coachman on Twitter Follow Guy Adami on Twitter Follow Dan Moses on Twitter Follow Barney Alary on Twitter Follow Dan Nathan on Twitter Subscribe to Risk Reversal on Youtube
TimingResearch.com Crowd Forecast News Episode #352, recorded at 1PM ET on July 25th, 2022. The full video, timeline, special offers, and show notes available here: https://timingresearch.com/blog/2022/crowd-forecast-news-episode-352/ Highlights: • S&P 500 / $SPX / $SPY projections for the week and the next several months. • Options selling strategies. • Bond market, inflation, and other world events. • Other symbols discussed: $META, $UUP, $SNAP, $CPER, $WOOD, $SLV, $OIH, $TLT, and more! Lineup for this Episode: - Dave M. Lukas of 12MinuteTrading.com (first time guest!) - Norman Hallett of TheDisciplinedTrader.com - The Option Professor of OptionProfessor.com (moderator) ⚡ eBook: 7 Stocks Top Investing Experts Are Buying Now https://timingresearch.com/LR1POD Terms and Policies: https://timingresearch.com/policies/
Avoiding stocks with earnings during earnings season and looking for high IVR, well no IVR higher than OIH with 104% volatility - wishing OIH had tighter option markets, but you know Tony he found something interesting to do!
1. The markets are stalling out a little today. This is common action after a huge rally like we saw this past Friday. Often after a big run the markets will need to take a breather. Remember, nothing goes up in a straight line. 2. Energy (XLE, XOP, OIH) seems to be the strongest industry group today. This sector was hit hard recently and could still correct further. It looks like a bounce from a short term oversold condition is why we are seeing today's upside move. 3. Gold is flat today again. 4. Bitcoin is slightly lower again today. It is still above the psychological 20,000 level. Remember, the trend is down for bitcoin and that should ultimately signal another decline into the 14,000 level. Ironically, there is now Bitcoin beari ETF out there now. It trades under the ticker symbol BITI. I find it interesting that it comes out now after bitcoin has fallen so much.
TimingResearch.com's Analyze Your Trade Episode #194, recorded at 4PM ET on May 3rd, 2022. The full video, timeline, special offers, show notes, and other information for this episode is available here: https://timingresearch.com/blog/2022/analyze-your-trade-episode-194/ Lineup for this Episode: - Harry Boxer of TheTechTrader.com - The Option Professor of OptionProfessor.com (moderator) Symbols discussed today: $SBLK, $KHC, $FCX, $UCO, $TSLA, $LAC, $NUE, $AWK, $OIH, $JBHT, $AAPL, $TSE, $CZR, $CHPT, $SOUN, $NVTA, $EQT, $SEED, and more! TimingResearch Disclaimer, Terms, and Policies: https://timingresearch.com/policies/
Ned Michaels is joined by Jonathan Coachman and Guy Adami to preview this week's PGA Tour action at the Mexico Open, opine on Phil Mickelson's move to the LIV Golf League and take a look at the markets... is the $OIH story over? 0:00 - Zurich Classic Recap 3:45 - Phil Mickelson Applies For LIV Golf Exemption 13:00 - Mexico Open Preview 18:20 - Elon Musk Buying Twitter 28:30 - Hey You Guy! ---- ABOUT THE SHOW: Breaking Even, where cash meets the course. Each week, host Ned Michaels will combine his love for golf, financial markets, and real estate into an action-packed podcast where no topic is out of bounds. The former international tour player turned commentator, instructor, small-time real estate investor and self-proclaimed world's worst options trader will be joined by a variety of guests from different industries to educate, entertain and (hopefully) make you money. Breaking Even has everything you need to know when it comes to the world of stock investing, sports betting and financial analysis. Ned and the boys talk about everything from the S&P 500, NASDAQ and the bond market. From commodities to prop bets and picks against the spread. We follow the action where ever there is money to be made. Breaking Even is available on Apple Podcasts, Spotify, Stitcher, Castbox and wherever else you listen to podcasts. Enable push notifications so you always know when the latest episode is available! Shoot us an email at contact@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @breakingevenpod on Twitter, Facebook, and Instagram. Follow Ned Michaels on Twitter Follow Jonathan Coachman on Twitter Follow Guy Adami on Twitter Follow Dan Moses on Twitter Follow Barney Alary on Twitter Follow Dan Nathan on Twitter Subscribe to Risk Reversal on Youtube
1Q2022 Results Expectations| Aaggregated profits will surge 30% YoY, and remain stable QoQ; For FY2022, aggregated profits will rise 26% YoY; Stocks that will witness a shift in performance: EGCH, EGAL, ABUK, AMOC, ARCC, DOMT, DSCW, AMER, MNHD, EFIHFinance Ministry could set oil prices at USD 80-85 a barrel in the FY 2022-2023 budgetMinister of Finance noted that Egypt is preparing to issue the first sovereign Sukuk offering before the end of the current fiscal yearEBRD has downgraded Egypt's 2022 growth outlook due to rising food and energy price inflation caused by the conflict in Ukraine to 3.1%, down from the 5.0%Foreign Minister called on the EU for support, asking France to back Egypt in talks with both EU and international financial institutionsSuez Canal revenues rose 20% y-o-y in 1Q 2022 to USD 1.69 bn and is targeting revenues of USD 7 bn from the canal in 2022, after hitting a record USD 6.3 bn in 2021The potential gas pipeline between Turkey and Israel is not happening anytime soon; Israel is relying on Egypt and its LNG facilities for nowEgypt has widened the number of people eligible to obtain a visa on arrival as it looks to support the tourism sectorBy June 15, the Tax Authority will start implementing the seventh phase of the electronic invoice system for companies registered in Cairo, Giza, and QalyubiaOPEC+ to increase oil production mildly in May by 432,000 barrels per day; US ordering an unprecedented release of its strategic reserves to temper prices; Brent futures trading at USD104.35/bblMinistry of Petroleum is looking into new measures to increase the natural gas feedstock cost for the industrial and petrochemicals sectors; The new natural gas pricing strategy will be determined through a formula that is linked to global commodity pricesESRS raised the price of rebars, again, by EGP 3,000/ton (+18% MoM) to EGP 20,000/ton (including VAT) as of April 2, 2022Cabinet is looking into the final decisions for the bid for new steel licensesSovereign Fund of Egypt (SFE), Norway's Scatec, Fertiglobe, and Orascom Construction signed an agreement to establish and operate their planned 100 MW green hydrogen plant in Ain Sokhna FAB is considering submitting a new tender offer to acquire a stake in HRHO, with a value exceeding EGP20 per shareAMIC: Passenger car sales rose more than 20% YoY in February 2022, recording 19.7 thousand passenger cars, up from 16.3k in February 2021DOMT released positive net profit for 4Q21 came in at EGP55 mn (+5.2% QoQ, +3.9% YoY) backed by trickling down of healthy top-line; Net profit for FY21 reached EGP72 mn (-54.2% YoY); DOMT is currently trading at FY22 P/E of 6.0x and EV/EBITDA of 6.0OIH released 2021 loss from continued operations of EGP86.4 million in 2021(-45% y/y). The significant decline in losses compared to last year was mainly supported by the settlement agreement between OIH and Victore Investment worth EGP200.1 million and the positive FX differences; BoD announced focusing on Africa-based Investments in the renewable energy and real estate touristic development industries over 2022BINV released 2021 financial results, with a consolidated attributable net income of EGP123.4 million, compared to EGP222.7 million in 2020 (-44.6% y/y); BINV BOD has proposed distributing DPS of EGP0.50, DY of 7%; BINV is currently trading at P/E22 of 10.6x and P/B22 of 0.9xAIH released 2021 financial results, where consolidated net income stood at EGP103 million (+7.7% y/y); AIH is currently trading at P/E22 of 4.4x and P/B22 of 0.6xEgyptAir has signed a partnership agreement with Valu and PayTabs Egypt, to finance airline ticket purchasesIFC and its IFC MENA Fund have together raised their stake in IDHC to 5%Egyptian Drug Authority has received accreditation from World Health Organization for its locally produced covid vaccine, whi
TimingResearch.com's Analyze Your Trade Episode #191, recorded at 4PM ET on March 29th, 2022. The full video, timeline, special offers, show notes, and other information for this episode is available here: https://timingresearch.com/blog/2022/analyze-your-trade-episode-191/ Lineup for this Episode: - The Option Professor of OptionProfessor.com Symbols discussed today: $OIH, $GLD, $NVDA, $F, $TSLA, $GDX, $COP, $MU, $PYPL, and more! TimingResearch Disclaimer, Terms, and Policies: https://timingresearch.com/policies/
Breaking Even Returns! The guys are going live to talk about the Sweet 16 and take a look ahead to this week's WGC Match Play. Ned Michaels is joined by Jonathan Coachman and Guy Adami to preview this week's biggest events in the sports world and take a look at the global markets. We take any chance to make money, whether at the sports book or with your stock broker. Ned & Coach lookahead to the WGC Match Play at Austin Country Club. Who do we like to take home the top honors this week in the Lone Star State (5:00)? The Masters is just around the corner and Phil Mickelson WILL NOT be playing at Augusta National. Did Phil get canceled or is this a mutual understanding between that he should lay-low right now (8:45)? The March Madness continues! Jonathan Coachman gives you his favorite bets for the Sweet 16 (18:00). Vanderbilt Commodores have new athletic department logo! We ask Mr. Vandy Ned Michaels what he thinks… is it V for Victory (24:45)? “Nostra-dami” takes a look at the charts. Are the bulls really running or are we about to see a bear trap? What's the deal with energy and our dear friend $OIH (27:30)? As always, we wrap with our new favorite segment “Hey You Guy!” What is grinding Guy Adami's gears this week... hint it's alway the Yankees (42:20)! ---- ABOUT THE SHOW: Breaking Even, where cash meets the course. Each week, host Ned Michaels will combine his love for golf, financial markets, and real estate into an action-packed podcast where no topic is out of bounds. The former international tour player turned commentator, instructor, small-time real estate investor and self-proclaimed world's worst options trader will be joined by a variety of guests from different industries to educate, entertain and (hopefully) make you money. Breaking Even has everything you need to know when it comes to the world of stock investing, sports betting and financial analysis. Ned and the boys talk about everything from the S&P 500, NASDAQ and the bond market. From commodities to prop bets and picks against the spread. We follow the action where ever there is money to be made. Breaking Even is available on Apple Podcasts, Spotify, Stitcher, Castbox and wherever else you listen to podcasts. Enable push notifications so you always know when the latest episode is available! Shoot us an email at contact@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @breakingevenpod on Twitter, Facebook, and Instagram. Follow Ned Michaels on Twitter Follow Jonathan Coachman on Twitter Follow Guy Adami on Twitter Follow Dan Moses on Twitter Follow Barney Alary on Twitter Follow Dan Nathan on Twitter Subscribe to Risk Reversal on Youtube
While recording this I saw $PIK move from $4 to $6. They announced a partnership with Disney, but I still don't think it's a buy - but it could be a trade. I also go over why $MULN is a trade - not an investment. I also wonder why anyone would go in to $GME (Gamestop). Some stocks you should buy are: $OIH - oil ETF - interesting setup. $UVXY or $VXX I think today with afternoon selling you could see some big moves. $FDX - earnings came out and the shipments were down - could this be the start of Amazon moving in to this business? $ABBV - great stock for the growth and dividend. 11 high dividends from Cramer's show last night. #1 in my mind was $DVN - still an amazing priced stock. $AVGO - Ex dividend is coming up. It's consolidating. $ZIM - probably over valued now - Buy $DAC since they have exposure to $ZIM and they will get the cash. May mean they up their own dividend next quarter. Members of Congress are trading $OXY, CVX and $CRWD - focusing on energy and cybersecurity. Top inside by was from $COTY - CEO made her first buy - 4th large inside buy this year. Biden's talk with XI of China. $MRNA - more boosters - big moves. Best financial opportunities - $BAC and $WFC --- Support this podcast: https://anchor.fm/dailystockpick/support
Ned Michaels is joined by Jonathan Coachman and Guy Adami to preview this week's biggest events in the sports world and take a look at the global markets. We take any chance to make money, whether at the sports book or with your stock broker. To start things off we recap a rainy Players Championship where Cameron Smith finished on top and admittedly raked in more money than we made on our bets (0:00). Next the crew takes a quick lookahead to the Valspar Championship. Fatigue is expected to play a factor as the PGA Tour heads to Innisbrook. Who takes home the hardware this week (12:40)? You know it's March and that can only mean one thing… the 2022 NCAA basketball tournament us upon us (15:45). Ned, Coach and Guy lament about Georgetown basketball and Vanderbilt hoops… even though neither team is dancing this year. What's the key to winning your office bracket pool and who should you bet on in round 1 (22:00)? Things are looking slightly up after the doom and gloom cast from Danny Moses last week. Guy Adami offers his market analysis. What's next for $OIH (29:30)? What do rising tensions with China mean for global supply changes? How concerned are we about the recent rise in lockdowns over there (32:00)? Rapid fire chart analysis! Guy Adami has key support analysis for Apple, S&P 500 & the NASDAQ (40:30). We wrap with ‘Hey You Guy!' Is Tom Brady destroying his legacy by un-retiring after just over a month (45:20)? ---- ABOUT THE SHOW: Breaking Even, where cash meets the course. Each week, host Ned Michaels will combine his love for golf, financial markets, and real estate into an action-packed podcast where no topic is out of bounds. The former international tour player turned commentator, instructor, small-time real estate investor and self-proclaimed world's worst options trader will be joined by a variety of guests from different industries to educate, entertain and (hopefully) make you money. Breaking Even has everything you need to know when it comes to the world of stock investing, sports betting and financial analysis. Ned and the boys talk about everything from the S&P 500, NASDAQ and the bond market. From commodities to prop bets and picks against the spread. We follow the action where ever there is money to be made. Breaking Even is available on Apple Podcasts, Spotify, Stitcher, Castbox and wherever else you listen to podcasts. Enable push notifications so you always know when the latest episode is available! Shoot us an email at contact@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @breakingevenpod on Twitter, Facebook, and Instagram. Follow Ned Michaels on Twitter Follow Jonathan Coachman on Twitter Follow Guy Adami on Twitter Follow Dan Moses on Twitter Follow Barney Alary on Twitter Follow Dan Nathan on Twitter Subscribe to Risk Reversal on Youtube
TimingResearch.com's Analyze Your Trade Episode #190, recorded at 4PM ET on March 15th, 2022. The full video, timeline, special offers, show notes, and other information for this episode is available here: https://timingresearch.com/blog/2022/analyze-your-trade-episode-190/ Lineup for this Episode: - Anka Metcalf of TradeOutLoud.com - The Option Professor of OptionProfessor.com (moderator) Symbols discussed today: $OIH, $GLD, $NVDA, $F, $TSLA, $GDX, $COP, $MU, $PYPL, and more! TimingResearch Disclaimer, Terms, and Policies: https://timingresearch.com/policies/
When it comes to oil products, there are a few that stand out - XOP, XLE, USO, and OIH. It's important to understand how these products are constructed so that you get the exposure you're looking for - tune in to learn more with a live Q&A as well!
When it comes to oil products, there are a few that stand out - XOP, XLE, USO, and OIH. It's important to understand how these products are constructed so that you get the exposure you're looking for - tune in to learn more with a live Q&A as well!
Ned Michaels, Jonathan Coachman and Guy Adami react to this week's biggest headlines in the golf world and the breakdown the latest news from the financial markets. The Coach, Jonathan Coachman, dishes out his favorite picks for the Arnold Palmer Invitational. What's his best bet, pick to win and favorite sleeper for Bay Hill (9:10)? We're sounding the alarm for a POSSIBLE conspiracy theory regarding Bryson DeChambeau and his recent injury. The fallout for Phil Mickelson continues as sponsorships drop and put relationships on pause, where does he go from here (17:00)? Market talk with Guy Adami, are we finally getting over the hump of all these supply chain issues (23:00)? Markets react to the ongoing Russian invasion of Ukraine, how does this impact inflation and how the U.S. Treasury reacts (27:30)? Guy gives out his status update on $OIH (32:00). Finally we debut our new segment “Hey You Guy!”. The MLB lockout continues with seemingly no ending in sight (41:20). ---- ABOUT THE SHOW: Breaking Even, where cash meets the course. Each week, host Ned Michaels will combine his love for golf, financial markets, and real estate into an action-packed podcast where no topic is out of bounds. The former international tour player turned commentator, instructor, small-time real estate investor and self-proclaimed world's worst options trader will be joined by a variety of guests from different industries to educate, entertain and (hopefully) make you money. Breaking Even has everything you need to know when it comes to the world of stock investing, sports betting and financial analysis. Ned and the boys talk about everything from the S&P 500, NASDAQ and the bond market. From commodities to prop bets and picks against the spread. We follow the action where ever there is money to be made. Breaking Even is available on Apple Podcasts, Spotify, Stitcher, Castbox and wherever else you listen to podcasts. Enable push notifications so you always know when the latest episode is available! Shoot us an email at contact@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @breakingevenpod on Twitter, Facebook, and Instagram. Follow Ned Michaels on Twitter Follow Jonathan Coachman on Twitter Follow Guy Adami on Twitter Follow Dan Moses on Twitter Follow Barney Alary on Twitter Follow Dan Nathan on Twitter Subscribe to Risk Reversal on Youtube
TimingResearch.com's Analyze Your Trade Episode #188, recorded at 4PM ET on February 22nd, 2022. The full video, timeline, special offers, show notes, and other information for this episode is available here: https://timingresearch.com/blog/2022/analyze-your-trade-episode-188/ Lineup for this Episode: - Leslie Jouflas, CMT of TradingLiveOnline.com - The Option Professor of OptionProfessor.com (moderator) Symbols discussed today: $GDX, $KRP, $OIH, $AAPL, $PPC, $BHP, $MVIS, $PBR, $USO, and more! TimingResearch Disclaimer, Terms, and Policies: https://timingresearch.com/policies/
Markets react to Russian aggression in Ukraine. How are we going to navigate the energy stocks, $OIH, during this market chop. Guy delivers his expectations as we head into the spring (9:00). Phillip Morris overexposed to the Russian market? Are we buying or selling the tobacco giant? What's the sentiment on tech stocks today (12:00). Juwan Howard suspended five games for brawl after Wisconsin-Michigan. After the suspensions rolled in, did the Big Ten get it right with only handing Greg Gard a $10,000 fine (19:00)? Ned and Coach take a look at the PGA Tour. It was a raucous week in the world of golf. Joaquin Niemann wins the Genesis Invitational (23:30). We also have to talk about the Saudi Golf League and the apparent death blow that was delivered by the TOUR's top pros over the weekend (27:40). Coach dishes out his picks and best bets for this week's Honda Classic at PGA National in Palm Beach Gardens (34:10). NBA All-Star Game closes within 1.5 points of the over/under, how the heck are you supposed to handicap these exhibition games (41:00)? ---- ABOUT THE SHOW: Breaking Even, where cash meets the course. Each week, host Ned Michaels will combine his love for golf, financial markets, and real estate into an action-packed podcast where no topic is out of bounds. The former international tour player turned commentator, instructor, small-time real estate investor and self-proclaimed world's worst options trader will be joined by a variety of guests from different industries to educate, entertain and (hopefully) make you money. Breaking Even has everything you need to know when it comes to the world of stock investing, sports betting and financial analysis. Ned and the boys talk about everything from the S&P 500, NASDAQ and the bond market. From commodities to prop bets and picks against the spread. We follow the action where ever there is money to be made. Breaking Even is available on Apple Podcasts, Spotify, Stitcher, Castbox and wherever else you listen to podcasts. Enable push notifications so you always know when the latest episode is available! Shoot us an email at contact@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @breakingevenpod on Twitter, Facebook, and Instagram. Follow Ned Michaels on Twitter Follow Jonathan Coachman on Twitter Follow Guy Adami on Twitter Follow Dan Moses on Twitter Follow Barney Alary on Twitter Follow Dan Nathan on Twitter Subscribe to Risk Reversal on Youtube Channel
TimingResearch.com's Analyze Your Trade Episode #185, recorded at 4PM ET on February 1st, 2022. The full video, timeline, special offers, show notes, and other information for this episode is available here: https://timingresearch.com/blog/2022/analyze-your-trade-episode-185/ Lineup for this Episode: - Michael Filighera of LogicalSignals.com - The Option Professor of OptionProfessor.com (moderator) Symbols discussed today: $MARA, $BLNK, $SBUX, $OIH, $LTCN, $INTC, $KEYS, $QS, and more! TimingResearch Disclaimer, Terms, and Policies: https://timingresearch.com/policies/
Pharos Expectations for the February 2022 EGX30 Rebalancing| Additions: EFIH (3.7%), EMFD (0.7%), and ADIB (0.4%). Deletions: ORWE, PRDC, FDWA, ASPI, EGTS, and RAYA. Notable Weight Changes: ABUK's weight should increase from 4.0% to 4.9%, TMGH's weight should decrease from 4.7% to 4.0%, HRHO's weight should decrease from 4.8% to 4.1%.Egypt will receive a USD368 million loan from the Arab Monetary Fund (AMF)Egypt aims to increase exports to USD40 billion by the end of 2022 (+25% YoY)The EU has filed a legal challenge with the World Trade Organization against Egypt over its import registration system Oil prices continue to rise, as bbl approached USD90 last week ABUK released positive 2Q21/22 bottom line at EGP1,913 million (+138% YoY, +48% QoQ); ABUK is currently trading at 2022/2022 P/E of 4.5xCIRA released 1Q21/22 net profit before NCI at EGP100 mn (-15.4% YoY); Despite revenue growth, a drop in margins was witnessed due to the rise in expenses due to the company's expansions, which haven't yet realized profits, as well as the rise in financing expenses; CIRA is currently trading at a FY21/22f P/E of 27.5x and EV/EBITDA of 11.3xCIRA raised their stake in Egyptian EdTech startup Orcas to 12%OIH has announced the completion of the sale of its subsidiary “Trans World Associates Ltd” equivalent to approximately EGP0.10/OIH share; Not decided whether there will be a dividend distribution from the sale proceedsEGBE released 4Q21 net profit pre-minority interest and appropriations at EGP189 million (+9% q/q, +19% y/y), attributable to the provisions' reversals amounting to EGP115 million; EGBE is currently trading at P/E22 of 4.74x and P/B22 of 0.45xFRA is planning to provide new green and Islamic products in the microfinance sectorRAYA's subsidiary Aman and CCAP's Taqa Arabia are setting up a fintech company targeting energy consumers
On this week's episode of Breaking Even, Ned is joined by his co-host Barney Alary to discuss Tiger Woods playing this weekend and the big question on everyone's mind, will he play the Masters? Ned is back in the Caddyshack with Kip Henley for the third installment of his interview. Later, Ned joins On The Tape co-hosts and CNBC Fast Money contributors Dan Nathan and Guy Adami on their live Twitter Spaces show, Trading Spaces to discuss the OIH and what to buy into year-end. ---- Shoot us an email at contact@riskreversal.com with any feedback, suggestions, or questions for us to answer on the pod and follow us @breakingevenpod on Twitter, Facebook, and Instagram. Follow Ned Michaels Follow Jonathan Coachman Follow Barney Alary Follow Dan Nathan Follow @GuyAdami Subscribe to our Youtube Channel
TimingResearch.com's Analyze Your Trade Episode #179, recorded at 4PM ET on November 30th, 2021. The full video, timeline, special offers, show notes, and other information for this episode is available here: https://timingresearch.com/blog/2021/analyze-your-trade-episode-179/ Lineup for this Episode: - Dean Jenkins of FollowMeTrades.com Symbols discussed today: $GLD, $AMZN, $ICE, $IRM, $BLNK, $SNPS, $VCEL, $VIRT, $PZZA, $QGEN, $OIH, and more! TimingResearch Disclaimer, Terms, and Policies: https://timingresearch.com/policies/
FWRY 3Q21 attributable net profit of EGP36 million (-25.8% YoY, -2.9% QoQ), 9M21 attributable net profit of EGP149 million (+25.3% YoY); Fawry obtained approval from the CBE to issue the myFawry CardMTIE 3Q21 net profit EGP88 mn (-1.5% YoY); 9M21 net profit at EGP328.4 million in 9M21 (+10.7% YoY), We update our FV to EGP9.60; MTIE is currently trading at 2022 P/E of 10.8x and EV/EBITDA of 8.2xRACC reported 9M2021 profit EGP19.06 million (-31.9% YoY); RACC is trading at 2022 P/E of 26.5xHRHO has acquired 6.5% of Tanmeyah for EGP415 million; Implies a total valuation of EGP6.90/HRHO share for Tanmeyah, which is double our valuation for the entity (EGP3.21/HRHO share) ADIB 3Q21 bottom line recorded EGP389 million (+12% q/q, +24% y/y), bringing 9M21 bottom line to EGP1,069 million (+27% y/y); Trading at P/E 22 of 2.1x and P/B 22 of 0.4x, on ROAE of 17%OIH net loss from continued operations dropped by 80% q/q and 90% y/y to record EGP4.3 million in 3Q21; 9M21 results imply a 34% y/y increase in losses, recording EGP51.8 million, OIH's BOD approved the IFA report on the fair value of Trans World Associates Private Limited (Pakistani Cables) for EGP0.18/OIH share; Brings our FV to EGP0.64/shareBINV released 3Q21 net income of EGP0.42 million (-98.6% y/y), bringing 9M21 net income to EGP73 million (-52.6% y/y); BINV is currently trading at annualized P/E21 of 11.5x and annualized P/B21 of 0.90xEzz Steel released 3Q21 EGP897 million of attributable profits; ESRS is trading at FY22 P/E of 3.2x and FY22 EV/EBITDA of 5.0xMBSC released negative 3Q21 bottom line deteriorated to EGP4 million (-91% YoY and -92%QoQ)EAST reports exceptional 1QFY21/22 bottom-line amounted to EGP1.598 billion for the quarter, up 308.8% QoQ and 37.4% YoY; EAST is currently trading at FY21/22 P/E of 4.7x and EV/EBITDA multiple of 2.7xCIRA FY20/21 Earnings Call: CIRA anticipates the total number of higher education (HE) and K-12 students to cross 45,000 students; CIRA expects revenues of EGP1.6 billion for 2022 with an EBITDA of EGP770 million; Capex will be around EGP800 million in the next 3-4 years; CIRA will borrow EGP375 million for capex from Ahli United Bank; CIRA is currently trading at FY21/22 P/E of 22.1x and EV/EBITDA multiple of 11.0xMNT-Halan, AUTO's 57.26% owned subsidiary, has successfully rolled out its Neuron banking software, which will enable it to scale up and handle mns of customers transacting in multiple currenciesExport Development Fund has started the fourth phase of the state's initiative for the immediate reimbursement of export subsidies; ORWE and DSCW are key beneficiariesOCDI reported underwhelming 3Q21 sales of EGP1.6 billion, down 26.2% y/y; 9M21 sales to EGP5.4 billion, up 31.6% y/yORHD 3Q21 results conference call highlights: 1) hotel occupancy rate in El Gouna reached 66.0% in October 2021 and 76.0% so far in November 2021, 2) negotiations regarding environmental fine are going well, and 3) dividends are being considered starting 2023EGTS's next court date for the 20.0 million sqm third phase Sahl Hasheesh land is 17 November 2021RMDA reported 3Q21 attributable net profit registered EGP107.1 million in 9M21 (+55.6% YoY); Trading at 2022f P/E of 12.6x and EV/EBITDA of 8.2xIDHC is expected to release 3Q21 results today; We expect a bottom-line of EGP331 million (+65.5% YoY, +3.3% QoQ), IDHC is trading at 2022f P/E of 11.6x and EV/EBITDA of 6.0xSPMD is expected to release 9M21 net income of EGP150-160 million; Trading at 2022f P/E of 5.0x and EV/EBITDA of 3.4x; BoD of Speed Hospitals approved the sale of the unused building owned by the company in New Cairo for EGP30 millionCPCI released 1Q21/22 net profit at EGP37 million (+9.3% YoY, +73.1% QoQ); CPCI is currently trading at FY21/22f P/E of 4.9x and EV/EBITDA of 2.2xUEFM will distribute FY20/21 DPS of EGP10.0, implying DY of 9.8%
Weekly Commodity Update· Brent futures are trading at USD83.66/bbl (AMOC)· The Egypt urea index at USD752/ton, +16% WoW (EKHO, ABUK, MFPC)· Caustic Soda prices at USD498/ton, +10.9% WoW (MICH)· Steel/Iron Ore spreads are at the USD402 mark, + 5% WoW (ESRS)· LME 3M Fwd Aluminum prices rose 4% WoW to record USD2,966/tonne (EGAL)Another state-owned company could offer shares on the EGX this yearORHD reported impressive 3Q21 sales of EGP2.2 billion, leading to 9M21 sales of EGP6.2 billion, up 43.4% y/y, driven by sales in El Gouna, Makadi Heights, and O West We remind you that our FVs for PIOH's 3 subsidiaries ASPI, PRDC, and GDWA are EGP0.31/share, EGP4.86/share, and EGP1.84/sharePotential regulations for the real estate sector could cover payment plans, construction timelines, maintenance deposits, and contract breachesORAS added USD960 million of new awards to its backlog in 3Q21 to reach USD6.1 billion as of 30 September 2021e-finance to offer 160 million shares that will be allocated to anchor investors, bringing the total number of shares offered to 417.78 million shares (up from 257.78 million), representing 23.5% of the capital post capital increaseOIH completed the sale of the real estate investment in Brazil at USD77.6 million , or EGP0.23/OIH share, which brings the potential FV of the company to EGP0.46/OIH share rather than EGP0.47/shareDOMT recorded a net loss of EGP32.55 million in 1H21, compared to a net profit of EGP63.83 million in 1H20. Revenues fell to EGP1.32 billion, down from EGP1.46 billion in 1H20, a drop of 9.6% YoYCIRA is in talks with QNB to obtain a EGP260 million loan to finance its expansion plan
TimingResearch.com Crowd Forecast News Episode #314, recorded at 1PM ET on October 4th, 2021. The full video, timeline, special offers, and show notes available here: https://timingresearch.com/blog/2021/crowd-forecast-news-episode-314/ Highlights: • S&P 500 / $SPX / $SPY projections for the week. • Other symbols discussed: $TLT, $IWM, $FB, $AMZN, $NYCB, $XLE, $PLTR, $SLB, $HAL, $LNG, $OIH, $GDX, $QQQ Lineup for this Episode: - Sunny Harris of MoneyMentor.com - Wally Olopade of RightSideTrading.com - Erik Gebhard of Altavest.com - The Option Professor of OptionProfessor.com Terms and Policies: https://timingresearch.com/policies/
Intel and Twitter lead the earnings docket on Thursday. We break down the results and get you the trades. Plus the OIH may be down more than 20% from its recent highs, but one technician is finding a few opportunities in the energy space that could be big buys now.
David Faber, Leslie Picker and Mike Santoli kicked off the show with look at the markets as the Dow aims to post a fourth straight weekly gain. They focused on what you should make of the "stealth correction", featuring some of the areas in the underlying market that have experienced "pain" this week, reflected in groups such as oil services (OIH) and biotech (XBI) as well as the Russell 2000. Banks and yields also in focus with earnings and Fed news dominating the week. The anchors reacted to what Treasury Secretary Janet Yellen told CNBC about expecting "several more months of rapid inflation" before it declines "back toward normal levels" -- plus "Bond King" Jeffrey Gundlach saying stocks still remain cheap compared to bonds. On the M&A front, the anchors discussed that Intel is reportedly in talks to acquire chipmaker GlobalFoundries for about $30-billion, which would be Intel's largest acquisition ever. Cruise ships also in the spotlight: Canada announcing it will allow cruises to resume in November if certain health guidelines are met. The anchors engaged in a roundtable discussion with analysts who cover the cruise lines, whose shares are among the worst performers on the S&P 500 this month. Also in focus: Los Angeles County to resume indoor mask mandates as the COVID-19 Delta Variant continues to spread, Moderna shares surging on news it will be added to the S&P 500, Didi slumps again on new developments surrounding a Chinese cybersecurity probe, June retail sales come in better than expected, investors flocking toward big tech, and Apple employees reportedly saying the company is cracking down on remote work.
Liz and Jenny take live tweets and discuss Jade lizards in X, the SPX tri-weekly iron condor, bullish assumptions in AMZN, taking profits in XLV, QQQ, and OIH, and DNMR and PCAS big lizards.
Liz and Jenny take live tweets and discuss Jade lizards in X, the SPX tri-weekly iron condor, bullish assumptions in AMZN, taking profits in XLV, QQQ, and OIH, and DNMR and PCAS big lizards.
Bienvenue dans l'épisode n°5 des interviews du Captain! Dans cet épisode je reçois Oih_ana! Vous pouvez la retrouver sur son compte Twitter "@oih_ana", et sur "SubSpace Club", un canal Telegram où elle y poste des news sur le monde des cryptomonnaies en temps réel. Tradeuse dans la vie, nous allons aborder avec elle plusieurs sujets comme son cursus scolaire et professionnel, la première fois qu'elle a entendu parler du bitcoin, les formations qu'elle a suivies pour devenir tradeuse de cryptomonnaies, les outils et indicateurs qu'elle utilise au quotidien, la répartition de son portefeuille, les épreuves qu'elle a eu à affronter dans la vie pour s'en sortir dont la perte totale de son capital. Elle nous donnera son avis sur l'avenir du bullrun, le trading avec du levier, et le funding puis elle nous livrera ses plus grosses erreurs, ses conseilles pour les débutants ainsi que ses futurs projets. Si ce format vous à plus je vous invite à vous abonner et à activer les notifications sur les podcasts. Vous pouvez me retrouver, moi le Captain, sur mes différents réseaux sociaux comme Twitter, Twitch et Discord. Si le trading est quelque chose qui vous intéresse, j'ai pour vous toute une formation entièrement gratuite disponible sur ma chaine YouTube "CaptainTrading". Merci d'avoir écouté ce podcast et Bon trading à tous!
Contributor: Donald Stader, MD Educational Pearls: Opioids target kappa and NMDA receptors that can lead to central nervous system sensitization and therefore increased pain For patients with opioid-induced hyperalgesia (OIH), oral ketamine (25-50 mg) can be used to treat their pain as it targets the NMDA receptor Other treatments is IV magnesium, NSAIDs, tylenol, and clonidine Buprenorphine and methadone are options for chronic pain management in the setting of OIH References Lee M, Silverman SM, Hansen H, Patel VB, Manchikanti L. A comprehensive review of opioid-induced hyperalgesia. Pain Physician. 2011;14(2):145-161. Summarized by John Spartz, MS3 | Edited by Erik Verzemnieks, MD The Emergency Medical Minute is excited to announce that we are now offering AMA PRA Category 1 credits™ via online course modules. To access these and for more information, visit our website at www.emergencymedicalminute.com/cme-courses/ and create an account. Donate to EMM today!
View the show notes in Google Docs here: http://bit.ly/3bFS43j Gonorrhea Updates Gonorrhea Treatment and Care. Centers for Disease Control and Prevention Website. https://www.cdc.gov/std/gonorrhea/treatment.htm. Published December 14, 2020. Accessed January 11, 2021. CDC No Longer Recommends Oral Drug for Gonorrhea Treatment. Centers for Disease Control and Prevention. https://www.cdc.gov/nchhstp/newsroom/2012/gctx-guidelines-pressrelease.html. Published August 9, 2012. Accessed January 11, 2021. Recurrent UTI Recurrent Uncomplicated Urinary Tract Infections in Women: AUA/CUA/SUFU Guideline (2019). American Urological Association. https://www.auanet.org/guidelines/recurrent-uti?fbclid=IwAR1TwSTQNHv8PDWLfW7WjsDan46D_9b6Qs1ptJxaXr6YFnDpBeptpW3BY. Published 2019. Accessed January 11, 2021. Combo Ibuprofen and Acetaminophen / Pain Advil® Dual Action. GSK Expert Portal. https://www.gskhealthpartner.com/en-us/pain-relief/brands/advil/products/dual-action/?utmsource=google&utmmedium=cpc&utmterm=ibuprofen+acetaminophen&utmcampaign=GS+-+Unbranded+Advil+DA+-+Alone+-+PH. Accessed January 11, 2021. FDA approves GSK's Advil Dual Action with Acetaminophen for over-the-counter use in the United States. GSK. https://www.gsk.com/en-gb/media/press-releases/fda-approves-gsk-s-advil-dual-action-with-acetaminophen-for-over-the-counter-use-in-the-united-states/. Published March 2, 2020. Accessed January 11, 2021. Tanner T, Aspley S, Munn A, Thomas T. The pharmacokinetic profile of a novel fixed-dose combination tablet of ibuprofen and paracetamol. BMC clinical pharmacology. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2906415/. Published July 5, 2010. Accessed January 11, 2021. Searle S, Muse D, Paluch E, et al. Efficacy and Safety of Single and Multiple Doses of a Fixed-dose Combination of Ibuprofen and Acetaminophen in the Treatment of Postsurgical Dental Pain: Results From 2 Phase 3, Randomized, Parallel-group, Double-blind, Placebo-controlled Studies. The Clinical journal of pain. https://pubmed.ncbi.nlm.nih.gov/32271183/. Published July 2020. Accessed January 11, 2021. 1000 mg versus 600/650 mg Acetaminophen for Pain or Fever: A Review of the Clinical Efficacy. National Center for Biotechnology Information. https://www.ncbi.nlm.nih.gov/books/NBK373467/. Published June 17, 2016. Accessed January 11, 2021. Motov S. Is There a Limit to the Analgesic Effect of Pain Medications? Medscape. https://www.medscape.com/viewarticle/574279. Published June 17, 2008. Accessed January 11, 2021. Motov, Sergey. Faculty Forum: A Practical Approach to Pain Management. YouTube. https://www.youtube.com/watch?v=lJSioPsGw3A. The Center for Medical Education. Published December 2, 2020. Accessed January 1, 2021. Wuhrman E, Cooney MF. Acute Pain: Assessment and Treatment. Medscape. https://www.medscape.com/viewarticle/735034_4. Published January 3, 2011. Accessed January 11, 2021. Social Pain Dewall CN, Macdonald G, Webster GD, et al. Acetaminophen reduces social pain: behavioral and neural evidence. Psychological science. https://pubmed.ncbi.nlm.nih.gov/20548058/. Published June 14, 2010. Accessed January 11, 2021. Mischkowski D, Crocker J, Way BM. From painkiller to empathy killer: acetaminophen (paracetamol) reduces empathy for pain. Social cognitive and affective neuroscience. https://pubmed.ncbi.nlm.nih.gov/27217114/. Published May 5, 2016. Accessed January 11, 2021. Other / Recurrent liner notes Center for Medical Education. https://courses.ccme.org/. Accessed January 11, 2021. Roberts M, Roberts JR. The Proceduralist. https://www.theproceduralist.org/. Accessed January 11, 2021. The Procedural Pause by James R. Roberts, MD, & Martha Roberts, ACNP, PNP. Emergency Medicine News. https://journals.lww.com/em-news/blog/theproceduralpause/pages/default.aspx. Accessed January 11, 2021. The Skeptics' Guide to Emergency Medicine. sgem.ccme.org. https://sgem.ccme.org/. Accessed January 11, 2021. Trivia Question: Send answers to 2viewcast@gmail.com Please note that you must answer the 2 part question to win a copy of the EMRA Pain Guide. “What controversial drug was given a black box warning for prolonged QT and torsades in 2012 and now has been declared by WHICH organization to be an effective and safe treatment use for nausea, vomiting, headache and agitation?” Practical Pain Management in Acute Care Setting Handout Sergey Motov, MD @painfreeED • Pain is one of the most common reasons for patients to visit the emergency department and other acute care settings. Due to the extensive number of visits related to pain, clinicians and midlevel providers should be aware of the various options, both pharmacological and nonpharmacological, available to treat patients with acute pain. • As the death toll from the opioid epidemic continues to grow, the use of opioids in the acute care setting as a first-line treatment for analgesia is becoming increasingly controversial and challenging. • There is a growing body of literature that is advocating for more judicious use of opioids and well as their prescribing and for broader use of non-pharmacological and non-opioid pain management strategies. • The channels/enzymes/receptors targeted analgesia (CERTA) concept is based on our improved understanding of the neurobiological aspect of pain with a shift from a symptom-based approach to pain to a mechanistic approach. This targeted analgesic approach allows for a broader utilization of synergistic combinations of nonopioid analgesia and more refined and judicious (rescue) use of opioids. These synergistic combinations result in greater analgesia, fewer side effects, lesser sedation, and shorter LOS. (Motov et al 2016) General Principles: Management of acute pain in the acute care setting should be patient-centered and pain syndrome-specific by using multimodal approach that include non-pharmacological modalities and pharmacological ones that include non-opioid and opioid analgesics. Assessment of acute pain should be based on a need for analgesics to improve functionality, rather than patients-reported pain scores. Brief pain inventory short form BPI-SF is better than NRS/VAS as it assesses quantitative and qualitative impact of pain (Im et al 2020). ED clinicians should engage patients in shared decision-making about overall treatment goals and expectations, the natural trajectory of the specific painful condition, and analgesic options including short-term and long-term benefits and risks of adverse effects. If acute pain lasting beyond the expected duration, complications of acute pain should be ruled out and transition to non-opioid therapy and non-pharmacological therapy should be attempted. Non-Pharmacologic Therapies • Acute care providers should consider applications of heat or cold as well as specific recommendations regarding activity and exercise. • Music therapy is a useful non-pharmacologic therapy for pain reduction in acute care setting (music-assisted relaxation, therapeutic listening/musical requests, musical diversion, song writing, and therapeutic singing (Mandel 2019). • The use of alternative and complementary therapies, such as acupuncture, guided imagery, cognitive-behavioral therapy, and hypnosis have not been systemically evaluated for use in the Acute care setting including ED. (Dillan 2005, Hoffman 2007) • In general, their application may be limited for a single visit, but continued investigation in their safety and efficacy is strongly encouraged. • Practitioners may also consider utilization of osteopathic manipulation techniques, such as high velocity, low amplitude techniques, muscle energy techniques, and soft tissue techniques for patients presenting to the acute care setting with pain syndromes of skeletal, arthroidal, or myofascial origins. (Eisenhart 2003) Opioids • Acute Care providers are uniquely positioned to combat the opioid epidemic by thoughtful prescribing of parenteral and oral opioids in inpatient setting and upon discharge, and through their engagement with opioid addicted patients in acute care setting. • Acute Care providers should make every effort to utilize non-pharmacological modalities and non-opioid analgesics to alleviate pain, and to use opioid analgesics only when the benefits of opioids are felt to outweigh the risks. (not routinely) • When opioids are used for acute pain, clinicians should combine them with non-pharmacologic and non-opioid pharmacologic therapy: Yoga, exercise, cognitive behavioral therapy, complementary/alternative medical therapies (acupuncture); NSAID's, Acetaminophen, Topical Analgesics, Nerve blocks, etc. • When considering opioids for acute pain, Acute Care providers should involve patients in shared decision-making about analgesic options and opioid alternatives, risks and benefits of opioid therapies, and rational expectations about the pain trajectory and management approach. • When considering opioids for acute pain, acute care providers should counsel patients regarding serious adverse effects such as sedation and respiratory depression, pruritus and constipation, and rapid development of tolerance and hyperalgesia. • When considering administration of opioids for acute pain, acute care providers should make every effort to accesses respective state's Prescription Drug Monitoring Program (PDMP). The data obtained from PDMP's to be used to identify excessive dosages and dangerous combinations, identify and counsel patients with opioid use disorder, offer referral for addiction treatment. • PDMPs can provide clinicians with comprehensive prescribing information to improve clinical decisions around opioids. However, PDMPs vary tremendously in their accessibility and usability in the ED, which limits their effectiveness at the point of care. Problems are complicated by varying state-to-state requirements for data availability and accessibility. Several potential solutions to improving the utility of PDMPs in EDs include integrating PDMPs with electronic health records, implementing unsolicited reporting and prescription context, improving PDMP accessibility, data analytics, and expanding the scope of PDMPs. (Eldert et al, 2018) • Parenteral opioids when used in titratable fashion are effective, safe, and easily reversible analgesics that quickly relieve pain. • Acute care clinicians should consider administering these analgesics for patients in acute pain where the likelihood of analgesic benefit is judged to exceed the likelihood of harm. • Parenteral opioids must be titrated regardless of their initial dosing regimens (weight-based or fixed) until pain is optimized to acceptable level (functionality status) or side effects become intolerable. • When parenteral opioids are used, patients should be engaged in shared-decision making regarding the route of administration, as repetitive attempts of IV cannulation and intramuscular injections are associated with pain. In addition, intramuscular injections are associated with unpredictable absorption rates, and complications such as muscle necrosis, soft tissue infection and the need for dose escalation. (Von Kemp 1989, Yamanaka 1985, Johnson 1976) • Morphine sulfate provides better balance of analgesic efficacy and safety among all parenteral opioids. a. Dosing regimens and routes: b. IV: 0.05-0.1mg/kg to start, titrate q 10-20 min c. IV: 4-6 mg fixed, titrate q 10-20 min d. SQ: 4-6 mg fixed, titrate q 20 min e. Nebulized: 0.2 mg/kg or 10-20 mg fixed, repeat q 15-20 min f. PCA: prone to dosing errors g. IM: should be avoided (pain, muscle fibrosis, necrosis, increase in dosing requirements) • Hydromorphone should be avoided as a first-line opioid due to significant euphoria and severe respiratory depression requiring naloxone reversal. Due to higher lipophilicity, Hydromorphone use is associated with higher rates of euphoria and subsequent development of addiction. Should hydromorphone be administered in higher than equi-analgesic morphine milligram equivalents, close cardiopulmonary monitoring is strongly recommended. Dosing h. IV: 0.2-0.5 mg initial, titrate q10-15 min i. IM: to be avoided (pain, muscle fibrosis, necrosis, increase in dosing requirements) j. PCA: prone to dosing errors (severe CNS and respiratory depression) k. Significantly worse AE profile in comparison to Morphine l. Equianalgesic IV conversion (1 mg HM=8mg of MS) m. Overprescribed in >50% of patients n. Inappropriately large dosing in EM literature: 2 mg IVP o. Abuse potential (severely euphoric due to lipophilicity) • Fentanyl is the most potent opioid, short-acting, requires frequent titration. Dosing: p. IV: 0.25-0.5 μg/kg (WB), titrate q10 min q. IV: 25-50 μg (fixed), titrate q10 min r. Nebulization: 2-4 μg/kg, titrate q20-30 min s. IN: 1-2 μg/kg, titrate q5-10min t. Transbuccal: 100-200μg disolvable tablets u. Transmucosal: 15-20 mcg/kg Lollypops • Opioids in Renal Insufficiency/Renal Failure Patients-requires balance of ORAE with pain control by starting with lower-than-recommended doses and slowly titrate up the dose while extending the dosing interval. (Dean 2004, Wright 2011) • Opioid-induced pruritus is centrally mediated process via μ-opioid receptors as naloxone, nalbuphine reverse it, and can be caused by opioids w/o histamine release (Fentanyl). Use ultra-low-dose naloxone of 0.25 -1 mcg/kg/hr with NNT of 3.5. (Kjellberg 2001) • When intravascular access is unobtainable, acute care clinicians should consider utilization of intranasal (fentanyl), nebulized (fentanyl and morphine), or transmucosal (rapidly dissolvable fentanyl tablets) routes of analgesic administration for patients with acute painful conditions. • Breath actuated nebulizer (BAN): enclosed canister, dual mode: continuous and on-demand, less occupational exposures. a. Fentanyl: 2-4 mcg//kg for children, 4 mcg/kg for adults: titration q 10 min up to three doses via breath-actuated nebulizer (BAN): systemic bioavailability of 50-60% of IV route. (Miner 2007, Furyk 2009, Farahmand 2014) b. Morphine: 10-20 mg g10 min up to 3 doses via breath-actuated nebulizer (BAN)-Systemic bioavailability (concentration) of 30-35% of IV Route. (Fulda 2005, Bounes 2009, Grissa 2015) c. Intranasal Fentanyl: IN via MAD at 1-2 mcg/kg titration q 5 min (use highly concentrated solution of 100mcg/ml for adults and 50 mcg/ml for children)- systemic bioavailability of 90% of IV dosing. (Karisen 2013, Borland 2007, Saunders 2010, Holdgate 2010) d. IN route: shorter time to analgesia, titratable, comparable pain relief to IV route, minimal amount of side effects, similar rates of rescue analgesia, great patients and staff satisfaction. Disadvantages: requires highly concentrated solutions that not readily available in the ED, contraindicated in facial/nasal trauma. Oral Opioids • Oral opioid administration is effective for most patients in the acute care setting, however, there is no appreciable analgesic difference between commonly used opioids (oxycodone, hydrocodone and morphine sulfate immediate release (MSIR). • When oral opioids are used for acute pain, the lowest effective dose and fewest number of tablets needed should be prescribed. In most cases, less than 3 days' worth are necessary, and rarely more than 5 days' worth are needed. • If painful condition outlasts three-day supply, re-evaluation in health-care facility is beneficial. Consider expediting follow-up care if the patient's condition is expected to require more than a three-day supply of opioid analgesics. • Only Immediate release (short-acting) formulary are to be prescribed in the acute care setting and at discharge. • Clinicians should not administer or prescribe long-acting, extended-release, or sustained-release opioid formulations, which include both oral and transdermal (fentanyl) medications in the acute care setting. These formulations are not indicated for acute pain and carry a high risk of overdose, particularly in opioid-naïve patients. • Acute care providers should counsel patients about safe medication storage and disposal, as well as the consequences of failure to do this; potential for abuse and misuse by others (teens and young adults), and potential for overdose and death (children and teens). • Oxycodone is no more effective than other opioids (hydrocodone, MSIR). Oxycodone has highest potential for abuse, misuse and diversion as well as increased risks of overdose, addiction and death. Oxycodone should be avoided as a first-line oral opioid for acute pain. ( Strayer 2016) • If still prescribed, lowest dose (5mg) in combination with acetaminophen (lowest dose of 325 mg) should be considered as it associated with less abuse and diversion (in theory). Potential for acetaminophen overdose exist though with combination. • Hydrocodone is three times more prescribed than oxycodone, but three times less used for non-medical purpose. Combo with APAP (Vicodin)-Use lowest effective dose for hydrocodone and APAP (5/325). (Quinn 1997, Adams 2006) • Immediate release morphine sulfate (MSIR) administration is associated with lesser degree of euphoria and consequently, less abuse potential (Wightman 2012). ED providers should consider prescribing Morphine Sulfate Immediate Release Tablets (MSIR) (Wong 2012, Campos 2014) for acute pain due to: o Similar analgesic efficacy to Oxycodone and Hydrocodone o Less euphoria (less abuse potential) o Less street value (less diversion) o More dysphoria in large doses o Less abuse liability and likeability • Tramadol should not be used in acute care setting and at discharge due to severe risks of adverse effects, drug-drug interactions, and overdose. There is very limited data supporting better analgesic efficacy of tramadol in comparison to placebo, or better analgesia than APAP or Ibuprofen. Tramadol dose not match analgesic efficacy of traditional opioids. (Juurlink 2018, Jasinski 1993, Babalonis 2013) • Side effects are: o Seizures o Hypoglycemia o Hyponatremia o Serotonin syndrome o Abuse and addiction • Codeine and Codeine/APAP is a weak analgesic that provides no better pain relief than placebo. Codeine must not be administered to children due to: o dangers of the polymorphisms of the cytochrome P450 iso-enzyme: o ultra-rapid metabolizers: respiratory depression and death o poor metabolizers: absent or insufficient pain relief • Transmucosal fentanyl (15 and 20 mcg/kg lollypops) has an onset of analgesia in 5 to 15 minutes with a peak effect seen in 15 to 30 minutes (Arthur 2012). • Transbuccal route can be used right at the triage to provide rapid analgesia and as a bridge to intravenous analgesia in acute care setting. (Ashburn 2011). A rapidly dissolving trans-buccal fentanyl (100mcg dose) provides fast pain relief onset (median 10 min), great analgesics efficacy, minimal need for rescue medication and lack of side effects in comparison to oxycodone/acetaminophen tablet (Shear 2010) • Morphine Milligram Equivalent (MME) is a numerical standard against which most opioids can be compared, yielding a comparison of each medication's potency. MME does not give any information of medications efficacy or how well medication works, but it is used to assess comparative potency of other analgesics. • By converting the dose of an opioid to a morphine equivalent dose, a clinician can determine whether a cumulative daily dose of opioids approaches an amount associated with increased risk of overdose and to identify patients who may benefit from closer monitoring, reduction or tapering of opioids, prescribing of naloxone, and other measures to reduce risk of overdose. • Opioid-induced hyperalgesia: o opioid-induced hyperalgesia (OIH) is a rare syndrome of increasing pain, often accompanied by neuroexcitatory effects, in the setting of increasing opioid therapy. o Morphine is by far the most common opiate implicated in OIH. Hydromorphone and oxycodone, members of the same class of opiate as morphine (phenanthrenes), can also cause OIH. Fentanyl, a synthetic opioid in the class of phenylpiperidine, is less likely to precipitate OIH. Existing data suggests that OIH is caused by multiple opioid-induced changes to the central nervous system including: -Activation of N-methyl-D-aspartate (NMDA) receptors -Inhibition of the glutamate transporter system -Increased levels of the pro-nociceptive peptides within the dorsal root ganglia -Activation of descending pain facilitation from the rostral ventromedial medulla -Neuroexcitatory effects provoked by metabolites of morphine and hydromorphone • OIH can be confused with tolerance as in both cases patients report increased pain on opioids. The two conditions can be differentiated based on the patient's response to opioids. In tolerance, the patient's pain will improve with dose escalation. In OIH, pain will worsen with opioid administration. This paradoxical effect is one of the hallmarks of the syndrome. Non-opioid analgesics • Acetaminophen is indicated for management of mild to moderate pain and as a single analgesic and has modest efficacy at most. Addition of Acetaminophen to Ibuprofen does not provide better analgesia for patients with acute low back pain. The greatest limitation to the use of intravenous (IV) versus oral acetaminophen is the nearly 100-fold cost differential, which is likely not justified by any marginal improvement in pain relief. Furthermore, IV APAP provide faster onset of analgesia only after an initial dose. (Yeh 2012, Serinken 2012) • NSAIDs should be administered at their lowest effective analgesic doses both in the ED and upon discharge and should be given for the shortest appropriate treatment course. Caution is strongly advised when NSAIDs are used in patients at risk for renal insufficiency, heart failure, and gastrointestinal hemorrhage, as well as in the elderly. Strong consideration should be given to topical NSAID's in managing as variety of acute and chronic painful Musculo-skeletal syndromes. The analgesic ceiling refers to the dose of a drug beyond which any further dose increase will not result in additional analgesic efficacy. Thus, the analgesics ceiling for ibuprofen is 400 mg per dose (1200 mg/24 h) and for ketorolac is 10 mg per dose (10 mg/24 h). These doses are less than those often prescribed for control of inflammation and fever. When it comes to equipotent doses of different NSAIDs, there is no difference in analgesic efficacy. • Ketamine, at sub-dissociative doses (also known as low-dose ketamine or analgesic dose ketamine) of 0.1 to 0.4 mg/kg, provided effective analgesia as a single agent or as an adjunct to opioids (reducing the need for opioids) in the treatment of acute traumatic and nontraumatic pain in the ED. This effective analgesia, however, must be balanced against high rates of minor adverse side effects (14%–80%), though typically short-lived and not requiring intervention. In addition to IV rout, ketamine can be administered via IN,SQ, and Nebulized route. • Local anesthetics are widely used in the ED for topical, local, regional, intra-articular, and systemic anesthesia and analgesia. Local anesthetics (esters and amides) possess analgesic and anti-hyperalgesic properties by non-competitively blocking neuronal sodium channels. o Topical analgesics containing lidocaine come in patches, ointments, and creams have been used to treat pain from acute sprains, strains, and contusions as well as variety of acute inflammatory and chronic neuropathic conditions, including postherpetic neuralgia (PHN), complex regional pain syndromes (CRPS) and painful diabetic neuropathy (PDN). o UGRA used for patients with lower extremity fractures or dislocations (eg, femoral nerve block, fascia iliaca compartment block) demonstrated significant pain control, decreased need for rescue analgesia, and first-attempt procedural success. In addition, UGRA demonstrated few procedural complications, minimal need for rescue analgesia, and great patient satisfaction. o Analgesic efficacy and safety of IV lidocaine has been evaluated in patients with renal colic and acute lower back pain. Although promising, this therapy will need to be studied in larger populations with underlying cardiac disease before it can be broadly used. o knvlsd • Antidopaminergic and Neuroleptics are frequently used in acute care settings for treatment of migraine headache, chronic abdominal pain, cannabis-induced hyperemesis. • Anti-convulsant (gabapentin and pregabalin) are not recommended for management of acute pain unless pain is of neuropathic origin. Side effects, particularly when combined with opioids (potentiation of euphoria and respiratory depression), titration to effect, and poor patients' compliance are limiting factors to their use. (Peckham 2018) References: Chang HY, Daubresse M, Kruszewski SP, et al. Prevalence and treatment of pain in EDs in the United States, 2000 to 2010. Am J Emerg Med 2014;32(5):421–31. Green SM. There is oligo-evidence for oligoanalgesia. Ann Emerg Med 2012;60: 212–4. Strayer RJ, Motov SM, Nelson LS. Something for pain: Responsible opioid use in emergency medicine. Am J Emerg Med. 2017 Feb;35(2):337-341. Smith RJ, Rhodes K, Paciotti B, Kelly S,et al. Patient Perspectives of Acute Pain Management in the Era of the Opioid Epidemic. Ann Emerg Med. 2015 Sep;66(3):246-252 Meisel ZF, Smith RJ. Engaging patients around the risks of opioid misuse in the emergency department. Pain Manag. 2015 Sep;5(5):323-6. Wightman R, Perrone J. (2017). Opioids. In Strayer R, Motov S, Nelson L (Eds.), Management of Pain and Procedural Sedation in Acute Care. http://painandpsa.org/opioids/ Motov S, Nelson L, Advanced Concepts and Controversies in Emergency Department Pain Management. Anesthesiol Clin. 2016 Jun;34(2):271-85. doi: 10.1016/j.anclin.2016.01.006. Ducharme J. Non-opioid pain medications to consider for emergency department patients. Available at: http://www.acepnow.com/article/non-opioid-painmedications- consider-emergency-department-patients/. 2015. Wightman R, Perrone J, Portelli I, et al. Likeability and Abuse Liability of Commonly Prescribed Opioids. J Med Toxicol. September 2012. doi: 10.1007/s12181-012-0263-x Zacny JP, Lichtor SA. Within-subject comparison of the psychopharmacological profiles of oral oxycodone and oral morphine in non-drug-abusing volunteers. Psychopharmacology (Berl) 2008 Jan;196(1):105–16. Hoppe JA, Nelson LS, Perrone J, Weiner SG, Prescribing Opioids Safely in the Emergency Department (POSED) Study Investigators. Opioid Prescribing in a Cross Section of US Emergency Departments. Ann Emerg Med. 2015;66(3):253–259. Baehren DF, Marco CA, Droz DE, et al. A statewide prescription monitoring program affects emergency department prescribing behaviors. Ann Emerg Med. 2010; 56(1):19–23 Weiner SG, Griggs CA, Mitchell PM, et al. Clinician impression versus prescription drug monitoring program criteria in the assessment of drug-seeking behavior in the emergency department. Ann Emerg Med 2013;62(4):281–9. Greenwood-Ericksen MB, Poon SJ, Nelson LS, Weiner SG, et al. Best Practices for Prescription Drug Monitoring Programs in the Emergency Department Setting: Results of an Expert Panel. Ann Emerg Med. 2016 Jun;67(6):755-764 Patanwala AE, Keim SM, Erstad BL. Intravenous opioids for severe acute pain in the emergency department. Ann Pharmacother 2010;44(11):1800–9. Bijur PE, Kenny MK, Gallagher EJ. Intravenous morphine at 0.1 mg/kg is not effective for controlling severe acute pain in the majority of patients. Ann Emerg Med 2005; 46:362–7. Birnbaum A, Esses D, Bijur PE, et al. Randomized double-blind placebo- controlled trial of two intravenous morphine dosages (0.10 mg/kg and 0.15 mg/kg) in emergency department patients with moderate to severe acute pain. Ann Emerg Med. 2007;49(4):445–53. Patanwala AE, Edwards CJ, Stolz L, et al. Should morphine dosing be weight based for analgesia in the emergency department? J Opioid Manag 2012; 8(1):51–5. Lvovschi V, Auburn F, Bonnet P, et al. Intravenous morphine titration to treat severe pain in the ED. Am J Emerg Med 2008;26:676–82. Chang AK, Bijur PE, Napolitano A, Lupow J, et al. Two milligrams i.v. hydromorphone is efficacious for treating pain but is associated with oxygen desaturation. J Opioid Manag. 2009 Mar-Apr;5(2):75-80. Sutter ME, Wintemute GJ, Clarke SO, et al. The changing use of intravenous opioids in an emergency department. West J Emerg Med 2015;16:1079-83. Miner JR, Kletti C, Herold M, et al. Randomized clinical trial of nebulized fentanyl citrate versus i.v. fentanyl citrate in children presenting to the emergency department with acute pain. Acad Emerg Med 2007;14:895–8. Furyk JS, Grabowski WJ, Black LH. Nebulized fentanyl versus intravenous morphine in children with suspected limb fractures in the emergency department: a randomized controlled trial. Emerg Med Australas 2009;21:203–9. Borland M, Jacobs I, King B, et al. A randomized controlled trial comparing intranasal fentanyl to intravenous morphine for managing acute pain in children in the emergency department. Ann Emerg Med 2007;49:335–40 Im DD, Jambaulikar GD, Kikut A, Gale J, Weiner SG. Brief Pain Inventory-Short Form: A New Method for Assessing Pain in the Emergency Department. Pain Med. 2020 Sep 11:ppnaa269. doi: 10.1093/pm/pnaa269. Epub ahead of print. PMID: 32918473. Mandel SE, Davis BA, Secic M. Patient Satisfaction and Benefits of Music Therapy Services to Manage Stress and Pain in the Hospital Emergency Department. J Music Ther. 2019 May 10;56(2):149-173. Piatka C, Beckett RD. Propofol for Treatment of Acute Migraine in the Emergency Department: A Systematic Review. Acad Emerg Med. 2020 Feb;27(2):148-160. Tzabazis A, Kori S, Mechanic J, Miller J, Pascual C, Manering N, Carson D, Klukinov M, Spierings E, Jacobs D, Cuellar J, Frey WH 2nd, Hanson L, Angst M, Yeomans DC. Oxytocin and Migraine Headache. Headache. 2017 May;57 Suppl 2:64-75. doi: 10.1111/head.13082. PMID: 28485846. Yeh YC, Reddy P. Clinical and economic evidence for intravenous acetaminophen. Pharmacotherapy 2012;32(6):559–79. Serinken M, Eken C, Turkcuer I, et al. Intravenous paracetamol versus morphine for renal colic in the emergency department: a randomised double-blinded controlled trial. Emerg Med J 2012;29(11):902–5. Wright JM, Price SD, Watson WA. NSAID use and efficacy in the emergency department: single doses of oral ibuprofen versus intramuscular ketorolac. Ann Pharmacother 1994;28(3):309–12. Turturro MA, Paris PM, Seaberg DC. Intramuscular ketorolac versus oral ibuprofen in acute musculoskeletal pain. Ann Emerg Med 1995;26(2):117–20. Catapano MS. The analgesic efficacy of ketorolac for acute pain [review]. J Emerg Med 1996;14(1):67–75 Dillard JN, Knapp S. Complementary and alternative pain therapy in the emergency department. Emerg Med Clin North Am 2005; 23:529–549. Hoffman BM, Papas RK, Chatkoff DK, Kerns RD. Meta-analysis of psychological interventions for chronic low back pain. Health Psychol 2007;26:1–9. Eisenhart AW, Gaeta TJ, Yens DP. Osteopathic manipulative treatment in the emergency department for patients with acute ankle injuries. J Am Osteopath Assoc 2003;103:417–421.
Welcome all once again. Markets volatile at the end of the week. SPY holding on to the 285 area into 300 INDA,RSX and OIH and holding. FXI and XOP slide down. Bullish: EWW, EWZ, RSX, INDA Bearish: TLT, XLV, UUP --- Send in a voice message: https://anchor.fm/tradedoc/message
In this week's episode of the Spine & Nerve podcast, Dr. Brian Joves and Dr. Nicolas Karvelas discuss opioid induced hyperalgesia (OIH)- a topic that is fairly controversial in the pain medicine world. OIH is a medical process defined by worsening of pain with the use of opioids; typically patients will have evidence of central and peripheral sensitization including hyperesthesia and/or allodynia, and the pain can become more widespread/diffuse. The doctors will discuss the theories behind the pathophysiology of OIH, including but definitely not limited to increased NMDA receptor activity. Lastly the doctors will address potential treatment options available to providers to help manage this very difficult to treat condition. Listen as the doctors explore this interesting, and to some degree controversial topic. Regardless of one’s final opinion on OIH, the potential impact of opioids of the nervous system (including the possibility of sensitization) is an important concept to be aware of and consider for any provider utilizing opioids to treat their patients. Follow our practice on Facebook at Spine & Nerve Diagnostic Center. Please leave us a comment or review- these help us to improve and provide value to more people. This podcast is for information and educational purposes only, it is not meant to be medical advice. If anything discussed may pertain to you, please seek council with your healthcare provider. The views expressed are those of the individuals expressing them, they may not represent the views of Spine & Nerve.
Welcome all once again. Markets drop at the end of the week. The SPY holding above the 285 area. USO, XOP and OIH and holding and moving in a mixed fashion. EWW and EWZ ready to break out. Bullish: EWW, EWZ, XME, XLU, EEM Bearish: TLT, XLV, SMH, QQQ, GDX, FXI --- Send in a voice message: https://anchor.fm/tradedoc/message
Welcome all once again. Markets drop at the end of the week. Earnings beating expectations but not moving the markets. Important week for the SPY holding on to the 285 area. USO, XOP and OIH and holding and moving in a mixed fashion. EWW and EWZ slide down. Buillish: EWW, EWZ, XME, XLU Bearish: TLT, XLV, SMH --- Send in a voice message: https://anchor.fm/tradedoc/message
The LAVA Flow | Libertarian | Anarcho-capitalist | Voluntaryist | Agorist
Were the vaping deaths caused by government? Get the latest here. What's in the News with stories on kid given concussion by school administrator, house stolen over 8 bucks, the town with no cops, bad cop re-hired, government killing an innocent man, and a Julian Assange update. Finally, an Ask Me Anything where I answer your questions on the college admissions scandal, the alternate history genre, waking up, and F***, Marry, Kill, Trump - Obama - Pelosi. This episode is brought to you by Health Excellence Plus, a health share that has saved my family thousands of dollars, and can save you money too. Also, brought to you by ForkFest, the annual decentralized libertarian camping event that happens around PorcFest, with no tickets and no one in charge. Also, brought to you by all of my dozens of supporters. WHAT'S RUSTLING MY JIMMIES In its infinite wisdom, as we've talked about on this show, the government, specifically the FDA, is working on banning flavored vapes because of some disease that has spread up around vaping. OIh, and of course, they are doing it for the children. But, as we've talked about, it was highly likely that the vapes in questions that were causing deaths and diseases were for sure black market THC vapes, and not white market nicotine vapes. WHAT'S IN THE NEWS In indoctrination centers news, a Vilonia, Arkansas family wants answers after seeing video of an assistant principal yanking their son off the school bus and hitting the boy's head on the roof. In what the actual f*** news, a Michigan man underpaid his property taxes by $8.41, so the county stole his property, sold it, and kept 100% of the profits. In bad boys news, Ridgetop, Tenessee Police Chief Bryan Morris submitted his resignation on Friday. The Tennessee city is now without a police force and it's all due to a disagreement over illegal ticket quotas. In more bad boys news, Jeff Payne, the former Salt Lake City police officer who handcuffed nurse Alex Wubbels, has been hired to work at the Weber County jail, a human resources employee confirmed Wednesday. If you recall, Nurse Wubbels was protecting her patient from an unlawful blood draw by the cop at the time. In legal murder news, new DNA evidence has come to light that will likely exonerate a Texas death row inmate, but the government won't test it. In heroes news, the treatment of WikiLeaks founder Julian Assange, who is facing the threat of extradition from Britain to the US on espionage charges, is putting his life "at risk", an independent UN rights expert said Friday. ASK ME ANYTHING I answer your questions on the college admissions scandal, the alternate history genre, waking up, and F***, Marry, Kill, Trump - Obama - Pelosi.
CLHO, OIH, SUGR
CLHO, OIH, SUGR
Here are what investors need to know about the commodities rally and related ETFs. (OIH, FRAK, GDX, MOO, RAAX) (0:45) - Commodities On The Rise: Will This Continue? (3:00) - Surging Oil Prices: What Is The Best Way To Invest (5:30) - 2018 Gold Outlook: Gold Metal Or Miners? (8:00) - VanEck Vectors Agribusiness ETF: MOO (9:45) - Real Asset Allocation ETF: RAAX (11:40) - Episode Roundup: Podcast@Zacks.com
Prolonged exposure to opioids hypothetically activates a pro-nociceptive mechanism resulting in opioid induced hyperalgesia (OIH). Opioid hysteria doctors are causing payors and governing bodies to rush to bring the OIH concept into law and protocol, but are finding a lack of any scientific evidence for this process, at least in humans. The FDA is now requiring pharma to run extensive and expensive trials to demonstrate OIH associated with opioid therapy, but the construct is vaguely defined, the mechanisms are poorly understood, and the outcomes and methods for studying OIH are very poorly developed. In this session we will examine the state of the science surrounding OIH including terminology, technology/methodology, and existing evidence. I will also present a preliminary data set executed to determine practical, workable methods to study the phenomena, and its results. Our pilot study showed no trend toward development of OIH (by our quantitative definitions) beyond the hyperalgesia and allodynia that all pain patients develop as pain becomes chronic (AKA sensitization/augmentation), which was seen equally in our control group of subjects with the same diagnosis not taking opioids. Importantly, I will try to outline practical methods for future study.
Opioid induced hyperalgesia, and opioid induced constipation. OIC and OIH. Oh yes, if you take opioids, better listen.
Options Oddities 164: XLF, OIH, CDE Unusual Activity for April 17, 2015: Puts trade in Sector Select Financial SPDR ETF (XLF) Call blocks go up in Market Vectors Oil Services ETF (OIH) Massive put trade in Coeur Mining Inc. (CDE)
Options Oddities 93: CIE, OIH, EMC Unusual Activity for December 22, 2014: Calls trade in Cobalt International Energy (CIE) Put block goes up in Market Vectors Oil Services ETF (OIH) Calls trade in EMC Corp (EMC)
© 2020-2025 Ivy Podcast Discovery LLC
