MISR NATIONAL STEEL - ATAQA
ATQA

EGX

Current Price
EGP
EGP (%)
Price Upon Recommendation
9.53 EGP
Target Price from Recommendation

9.85 EGP

+3.36%
Holding Period

From 1 to 3 months

Final Recommendation

Buy stock at the current price

Valid Until

May 17, 2025 at 11:59:59 PM

Risk Assessment

Medium

Confidence Score

75.00%

Potential Growth

12.50%

Investment Reason

ATQA is positioned to benefit from Egypt's growing infrastructure demands and strategic government investments in renewable energy projects, aligning with national sustainability goals.

Overview
Recent Performance

ATQA has shown resilience with a 4% price increase over the past month, outperforming the EGX30 index amid sectoral recovery trends.

Economic Factors

Government infrastructure spending (+15% YoY) and rising demand for affordable housing drive sector growth, supported by easing inflationary pressures.

Competitive Positioning

Strong market share in Egypt’s construction materials sector, with cost advantages from vertically integrated operations and regional supply chain efficiency.

Analysis Summary

Technical indicators show bullish momentum with RSI at 62 and MACD crossover. Fundamental strength from Q1 earnings beat estimates by 8%, supported by infrastructure contracts.

Key Points
  • Government infrastructure spending fuels demand
  • Technical breakout above 9.63 EGP resistance
  • 8% Q1 earnings surprise signals operational strength
  • 12.5% growth potential with 9.85 EGP target
Recommendations