Credit Agricole Egypt (EGX:CIEB) is currently fundamentally undervalued with a strong balance sheet and net cash position of 55.72 billion or 44.58 per share.
Wyckoff Analysis for EGX:CIEB
Using the Wyckoff Method, we analyze smart money accumulation and potential future price action.
Accumulation Zones (Smart Money Entry Points)
Primary Accumulation Zone: 19–18 EGP
Secondary Accumulation Zone: 13.50–14.60 EGP
Supporting Evidence:
Strong Support Level at ~17.1 EGP – Confirmed as a previous accumulation zone.
Extremely Low P/E (2.9) – Undervaluation likely attracted institutional buying.
Price Decline (-14.99% over 52W) – Classic Wyckoff accumulation behavior.
Smart Money Entry Below 20.0 EGP – Likely near the Last Point of Support (LPS) before markup.
🚀 Distribution Phase Projection (Future Exit Zone)
Per Wyckoff theory, smart money may begin distributing shares near fair value, estimated at:
Fair Value (FV) = EPS × P/E → 6.24 × (5–6) = 32.1~38.52 EGP
Investment Thesis (if suitable for your portfolio):
• ✅ Very low PE & high ROE
• ✅ Strong dividend yield (17.2%)
• ✅ Healthy balance sheet with large net cash
• ⚠️ Risks: Market liquidity, FX/capital controls, macro instability in Egypt
Wyckoff Analysis for EGX:CIEB
Using the Wyckoff Method, we analyze smart money accumulation and potential future price action.
Accumulation Zones (Smart Money Entry Points)
Primary Accumulation Zone: 19–18 EGP
Secondary Accumulation Zone: 13.50–14.60 EGP
Supporting Evidence:
Strong Support Level at ~17.1 EGP – Confirmed as a previous accumulation zone.
Extremely Low P/E (2.9) – Undervaluation likely attracted institutional buying.
Price Decline (-14.99% over 52W) – Classic Wyckoff accumulation behavior.
Smart Money Entry Below 20.0 EGP – Likely near the Last Point of Support (LPS) before markup.
🚀 Distribution Phase Projection (Future Exit Zone)
Per Wyckoff theory, smart money may begin distributing shares near fair value, estimated at:
Fair Value (FV) = EPS × P/E → 6.24 × (5–6) = 32.1~38.52 EGP
Investment Thesis (if suitable for your portfolio):
• ✅ Very low PE & high ROE
• ✅ Strong dividend yield (17.2%)
• ✅ Healthy balance sheet with large net cash
• ⚠️ Risks: Market liquidity, FX/capital controls, macro instability in Egypt
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.