Research

Equity Research


Mabanee (TP: KWD 0.985, Outperform): ‘Rev’ving it up

Humansoft Holding (TP: KWD 3.715, Neutral): Seeking medium-term or ‘new majors’ growth

Tabreed (TP: AED 3.25, Neutral): Valuation gap closes amid smaller-ticket signings

SISCO Initiation (TP: SAR 29.50, Outperform): De-risked & segueing to new sources of growth

Mabanee Research Update ( TP: KWD 0.935, Outperform) - FCF runway opens via Riyadh & J3 Aventura

Tabreed Research Update ( TP: AED 3.00, Outperform) - Penchant remains for bolt-on acquisitions

Aramex Update (TP: AED 3.90, Neutral): Strategic tilt + M&A push

Humansoft Holding (TP: KWD 3.745, Neutral) - Quicker normalization towards lower enrolments

Tabreed Initiation (TP: AED 3.45, Outperform): Dominant niche utility with a growing TAM

Humansoft (TP: KWD 4.050/share, Neutral): Dividend Thesis Back In Focus

Mabanee (TP: KWD 0.735/share, Neutral): All eyes on Avenues Riyadh outcome

Mabanee (TP: KWD 0.715/share, Neutral): Awaiting next growth runway

Humansoft (TP: KWD 2.80/share, Neutral): Post-Covid catalysts matter

Aramex (Outperform, TP AED 4.15/share): Front runner in a game of scale

Aramco IPO – Investor Brief

Humansoft Research Update - Compelling FCF & Dividend Play

Mabanee Research Update - Still reason to shop – retain ‘Outperform’

Aramex Research Update – Express growth still has legs; Upgrade to ‘Outperform’

Kuwait Telecommunications Co. (Viva) - Research Update

Aramex - Research Update