CERA: Channel Resistance Approach Calls for Tactical Caution Arab Ceramic Co. - Ceramica RemasEGX_DLY:CERAmnmabroukw36ix๐ CERA: Channel Resistance Approach Calls for Tactical Caution ๐ ๐๏ธ Fundamentals: ๐ Strengths and Catalysts: Export growth provides a USD hedge against EGP devaluation. ๐ Regional MENA exports drive business revenue. ๐ Egyptian infrastructure and housing projects serve as catalysts. ๐๏ธ โ ๏ธ Weaknesses and Risks: Heavy leverage burden weighs on financial health. ๐ ๐งพ Shareholders and Free Float: Main strategic group holds 48.5 percent ownership. ๐งพ Egyptian financial institutions hold 16.2 percent stake. ๐๏ธ Foreign funds maintain 5.3 percent shareholding. ๐ Retail free float stands at 30.0 percent. ๐ ๐ Sharia Screen: Sharia status: Non-Compliant due to Interest-Bearing Debt / Total Assets at 42.8% vs