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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
Posted by : GoDubai Editorial Team
Viewed 105456 times
Posted on : Saturday, June 27, 2020
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