topstockalerts
Oct 9, 12:41 AM
Jefferies identified its top picks in the Middle East and North Africa technology, media and telecom sector as government spending recalibrates and geopolitical uncertainty reshapes the regional outlook toward 2027.
Presight AI receives a Buy rating, with Jefferies viewing the company as a key beneficiary of sovereign AI adoption in the UAE and international markets, with additional opportunities in defense and energy. The firm expects margins and cash flow to inflect in the second half of 2026, forecasting 23% revenue CAGR and 25% EPS CAGR through 2030. At 23x 2027 earnings, Jefferies considers the valuation attractive.
e& is also rated Buy, with potential upside from a dividend reset. Jefferies sees value in its stakes in Maroc Telecom, PPF and Mobily, while strong UAE cash flow supports shareholder returns. Following the
$6 billion Vodafone sale, leverage has fallen to 0.5x, well below management’s 1.5x limit.
$JEF
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