March Top Picks📈
What’s New🧐
We’ve raised our minimum requirement for average cash flow to net income from 0% to 30%. Average cash flow to net income shows how much of net income is driven by cash. We believe that a low percentage could trigger a red flag related to the company’s ability to generate cash.
News Scan📰
Speed Medical came in as our top pick for March 2022, but in light of recent events at the company, we decided to remove it:
A major reshuffling of the board of directors
An EGP 20 million fine was slapped on its former CEO & Managing Director
Top Picks Additions & Removals🔄
Abu Dhabi Islamic Bank is once again our top pick with a Thndr Score of 3.68/5.00. The March 2022 Top Picks saw the exit of three companies: Oriental Weavers, B Investments, & Abu Qir Fertilizers. They were replaced by Fawry, Egypt Telecom, & Egyptian Kuwaiti Holding, who ranked as our 6th, 9th, & 10th top picks, respectively.
March Bottom Picks📉
9-Month Top Picks Performance📈
We tracked the performance of the companies that were included in our past nine months’ picks, & the results were great. If you had invested equally in the past nine months’ top picks, you would have made a 12.08% return vs an 8.78% return on the EGX30.
