Key Rate Expectations - december 2020
Financial investors expectations towards the key rate in december 2020 Following our survey conducted in December, we have identified investors' expectations toward the evolution of the Moroccan central bank key rate by the end of 2020.
Africa Report : State of play and prospects of African economies
Faced with the Covid-19 pandemic, African countries reacted differently. Their approach took into consideration, of course, the level of contamination, but also the economic priorities and the leeway available to each country. As a result, the economic impacts contrast from one country to another. [...]
AGR Listed companies Mid-Term results 2020 : lack of visibility and mixed outlook
Analysis by Attijari Global Research of financial achievements in H1-20 with a focus on the listed banking sector. Highlight of major sector trends and update of the 2020-2021 forecasts.
Research paper - CMT S1 2020 Results
During H1-20. CMT’s revenue reported a decline of -24.4% at MAD 189.5 Mn. This largely ex-pected evolution is explained by two factors.
Moroccan central bank : An accommodative policy to support a sluggish economy
The national economy is now facing an unprecedented situation marked by a double shock of supply and demand. This is due to the lockdown measures adopted both in Morocco and in most of its trading partners. In response to this challenging context, Bank Al-Maghrib has started a new era of monetary policy since mid-March 2020. [...]
AGR Confidence Index : Improving confidence toward equity market
Morocco risk premium analysis by Attijari Global Research
Research Paper- COSUMAR H1 2020 Results
In 2020, COSUMAR is positioned among the resilient stocks in the Equity market. The stock’s high quality is based on the robustness of the Supply/Demand component, the low disruptions in the logistics chain and finally, the room for development of the export activity.
Research Paper- CIMAR H1 2020 Results
Despite an unfavorable sectoral context, CIMAR outperformed its market at the end of H1-20. The operator posted cement sales volumes down -7.1% against -17.8% for the sector.
Research Paper- SMI H1 2020 Results
As one of the world's TOP 10 Silver mines, SMI is among the few single-product miners with a competitive cash cost between 8.0 and 9.0 $/Oz. The sustainability of current Silver price levels, combined with the stability of SMI’s production, would allow the mining operator to benefit from a considerable margin effect.
