EMEA Equity Research Daily Highlights
BofA Global Research Media Relations
Dubai, United Arab Emirates, June 27, 2020: Refer to important disclosures at the end of these reports (see links below). Please note, you may quote directly from this research report solely in your reporting as a member of the media; however all quotes must be cited as having come from a BofA Global Research report. All other copying, redistribution, retransmission, republication and any other unauthorized dissemination or use of the contents of the report or the link thereto are prohibited. If you are interested in interviewing an analyst, your request must be directed to Research Communications & Media Relations.
MENA Banks: UAE banks: Attractive opportunities despite risks ahead
• We see attractive opportunities in the UAE banks despite risks ahead. ENBD our preferred name. Downgrade ADCB
• Valuations continue to discount overly negative scenarios. Banks able to generate higher ROEs than implied by current price
• Reasons to be optimistic on the UAE banks: attractive dividends, pandemic under control, economy opening up, yield curve
Share
Home >> Business and Economy Section
Emirates expands its Premium Economy offering on services to Male and Colombo
du launches Experience X internship program to empower UAE national youth
Experience Art, Adventure, and Heritage at Dubai Culture's Summer Camps 2025
DAFZ Announces Opening of Fakeeh Health's First Smart Clinic in Dubai
Big Wins Continue with PrivilegePLUS at Mercato & Town Centre Jumeirah!
Christophe Robin's Summer Travel Essentials for Good Hair Days
Dubai Airports launches DXB Greet & Go: a smart, QR code-based pickup service at Terminal 3
Dubai Sports World Returns for Action-Packed August Edition
The World Between Lines and Symbols: An Interactive Art Workshop at Mohammed Bin Rashid Library