5 things to know before you buy a Huawei P40 Pro phone - CNET

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Huawei's P40 series of smartphones are available in Europe and the UK. The range includes the base P40, the P40 Pro and the P40 Pro Plus, and Huawei hopes they'll take the fight to the likes of the iPhone 11 Pro, Galaxy S20 and OnePlus 8. I've been using the P40 Pro -- the middle child of the three -- and have been putting it through its paces. The phone is available for £900 (about $1,120 or AU$1,770) here in the UK, but due to the US ban on Huawei products, it's not officially on sale in the US. 

That ban also means it doesn't use Google apps -- including access to the Google Play Store -- but the phone does have 5G and a good camera. That said, its big brother, the P40 Pro Plus, is even more photography-focused, with the first 10x optical zoom seen on a phone.

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If you're in one of the countries where Huawei does sell phones and are curious about the P40 Pro, here are five things you should know about this phone before you consider spending your money. 

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Huawei P40 Pro has no Google apps

Due to the company's ongoing difficulties with the US government, Huawei phones do not use Google services. That means no Google Play Store for apps and no support for services such as Gmail, YouTube, Maps or the Chrome browser. For many of you this will be a deal breaker, particularly if you rely on Google's suite of apps for your work. 

Andrew Hoyle/CNET

But that doesn't mean there are no apps at all. Huawei has its own email client, browser and calendar on board and it also has its own app store. There are plenty of big name apps already available, such as Amazon, TikTok, Adidas Running, SnapChat, PicsArt and the ever-popular Fortnite. There are many more, however, including Instagram and photo-editing apps like Adobe Lightroom that simply aren't available through Huawei's store.

While Facebook and WhatsApp aren't available directly, the store will take you to those apps' web pages, where you can download and install the app (in a .apk file) through the browser. The apps will then appear on the phone and work as normal.

It's important, then, to check and see whether the apps you rely on are available right now. Huawei says it's working closely with developers from all over the world to try and bring many more apps to its store, so it's likely we'll see bigger names appearing over time. 

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P40 Pro does have 5G

No flagship phone worth its salt in 2020 would launch without 5G connectivity and the P40 Pro is no exception. You'll need to be in an area that has 5G and have a 5G-enabled phone plan to take advantage of the next-gen network. If you're hoping to get those blazing-fast speeds straight away, make sure to check what availability you have in your area before upgrading to any 5G phone.

The P40 Pro's camera is good, but needs improvement

Huawei has a track record of equipping its phones with awesome cameras. The P40 Pro packs four lenses: a standard zoom, a super wide-angle lens, a 5x optical zoom lens and a depth-sensing lens. While the phone's camera skills are certainly up there with the best, it needs some tweaking in the software before it can take the crown as the best of the best. 

Edinburgh's Dean Village, captured with the P40 Pro's standard camera.

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A statue, taken with the P40 Pro's standard camera mode.

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The same statue, taken with the P40 Pro's 5x zoom lens.

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Night mode on the P40 Pro.

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My main issue is with the white balance, or the overall color temperature, of the photos the cameras capture. Often, it seems to tint images with more of a magenta hue than what was present in real life, which made various test shots from the phone look less natural than the same shots taken on the iPhone 11 Pro or Galaxy S20 Ultra. It's only a slight shift, and if you're not taking direct comparisons with other phones you might not notice.

Besides that though, the phone takes great images, with even exposures and lovely contrast. Its 5x zoom produces crisp shots of faraway subjects, and images takin in low light and at night time are easily up there with the best.

If you want a great camera, you should get the P40 Pro Plus instead

If you're tempted to get the P40 Pro instead of the standard P40, it may be because of camera upgrades to the base model, like the 5x optical zoom. 

But the P40 Pro Plus ups that to include a whopping 10x optical zoom, which promises amazing magnification without loss of quality. It's the highest optical zoom ever seen on a phone and I really loved trying it out.

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Don't buy the black version

Huawei's last few launches, including the P30 and P20 series, came with some vibrant color options that looked amazing. While the P40 Pro was shown off in some delightful-looking hues, the review model that landed on my desk was plain black and, like all plain black phones, it looks dull and forgettable. 

Nobody wants dull and forgettable -- not when you could have happy and vibrant and exciting. So if you do plan on forking over the cash for the P40 Pro, at least grab it in its deep blue, shimmering pink or soft gold varieties.

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Huawei's new tone - The Mobile Network

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This article was sent to The Mobile Network's TMN Quarterly subscribers as our second monthly "Inside TMN Quarterly" email. A dedicated monthly email going in depth on a story is just one of the extra benefits of a TMN Quarterly subscription.

Huawei's new tone (sent to TMN Quarterly subscribers on 01 September)

Occasionally, over the past year or two, TMN has returned to what you might term the Huawei situation. We are doing so now again in this email because of something quite interesting.

This time we would like to study Huawei’s external communications, which have taken a notable turn since roughly the start of the year.

The first thing to say is that certain senior Huawei accounts are getting much more aggressive at pushing back on what they perceive to be slights against the company.

This includes labelling certain journalists liars and casting doubts on their impartiality  and engaging with and amplifying near-anonymous accounts that push certain lines of attack - often related to Huawei but also including messages on Covid-19 and the Black Lives Matter protests. Huawei-affiliated accounts are often keen to tweet about anything that puts the USA, or more specifically the Trump administration, in a bad light. Conversely the efforts of Huawei and China to be helpful to other countries gets highlighted.

So let’s take item 1. Increased aggression from main accounts, often via a tweets-length engagement with much more aggressive smaller accounts.

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Samsung shares could rise 50% as chip business gets a boost and Huawei struggles in smartphones - CNBC

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Samsung Galaxy Z Fold 2

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Analysts are bullish on Samsung after the company unveiled a foldable phone on Tuesday and U.S. semiconductor company Nvidia said its next-generation gaming chip will be manufactured by the South Korean electronics giant.

They see Samsung's shares trading at 70,376.32 Korean won ($59.35) in the next 12 months. That represents a 29% upside from Wednesday's trading price, according to an average target price collated by Refinitiv. 

Some analysts are even more bullish on Samsung. Daiwa Capital Markets' SK Kim has a 12-month price target of 82,000 Korean won, a more than 50% rise from Wednesday's trading price.

New orders for Samsung's chip manufacturing operations or foundry, next-generation smartphone launches and a recovery in memory pricing next year are factors behind the analysts' optimism.

"For SEC (Samsung Electronics), we maintain our positive view as we expect a favourable memory market environment in 2021, new foundry opportunities and attractive valuation compared with its peers such as TSMC," Kim told CNBC in an email. 

Nvidia deal

On Tuesday, Nvidia launched the GeForce RTX 30 Series of graphics processing units (GPUs). The chips are designed for PC gaming and promise to offer more realistic images on screen, thanks to so-called "ray tracing." This technology simulates how light reacts with objects around it. 

Nvidia chose Samsung to manufacture the chips using a so-called 8 nanometer process customized for these semiconductors.

The move was seen as positive for Samsung. Daiwa's Kim told CNBC he expects the Nvidia deal to be worth $1 billion in revenue for Samsung. 

Samsung's semiconductor business is very important for the company. It includes the foundry business as well as the sales of so-called NAND and DRAM chips Samsung produces, which are used in devices such as laptops and smartphones, through to data centers. Semiconductors accounted for two-thirds of Samsung's operating profit in the second quarter of this year. 

DRAM pricing, which has been under pressure in the second quarter, is expected to face further weakness for the rest of the year, according to a note released by UBS last week. The investment bank sees DRAM prices falling 8% quarter-on-quarter in the third quarter of this year. 

But the start of 2021 could bring a recovery. 

"First, we continue to expect DRAM pricing to start to recover in 1H21 as industry supply growth will not match demand when smartphones demand is closer to normalized levels," UBS said, referring to the first half of next year.

Foldable phones to drive earnings

On Tuesday, Samsung announced the Galaxy Z Fold 2 — the company's third folding phone. The device launches on Sept. 18 for $1,999. 

While foldable phones remain a "niche" product for now, according to Sanjeev Rana, senior analyst at CLSA, who sees the number of these devices Samsung sells increasing each year.

Rana told CNBC's "Street Signs Asia" on Wednesday he expects foldable phones to account for 2 million to 3 million of Samsung's overall smartphone shipments of 250 million this year. That figure will increase to between 8 million and 9 million in 2021, he said.

"From 2022, foldable phones will become mainstream and given Samsung's positioning in this business ... Samsung is the first mover in this important product category. We expect foldable to become a major earnings driver for its smartphone business in the coming years," Rana said.

Samsung to gain from Huawei woes

Meanwhile, Huawei, one of Samsung's fiercest rivals, is facing troubles of its own. Last year, it was put on a U.S. blacklist which cut off the Chinese phone giant's access to Google's Android mobile operating system. That's not a big deal in China where Google services are blocked.

However, in May, Washington amended the foreign-produced direct product rule (FDPR) requiring foreign manufacturers using American chipmaking equipment to get a license before they're able to sell semiconductors to Huawei. The move threatens to cut Huawei off from the key chips it requires for its products. 

Even though Huawei managed to become the number one smartphone player by market share in the second quarter, that was driven by increased shipments in China, even as its international markets declined.

"We think Samsung is also a big beneficiary of U.S. sanction on Huawei and resulting decline in its smartphone market share globally. We believe Huawei's weakness will present significant opportunities to Samsung next year," Rana said. 

Rana has an above average price target of 72,000 Korean won on Samsung's stock, representing over 31% upside. 

"Our view is that Samsung stock offers great value, it's undervalued right now ... but given its positioning in global semiconductors and smartphones and looking at what other semiconductor stocks have done globally year-to-date we think market is being too conservative in valuing the company," said CLSA's Rana.

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Samsung’s Galaxy Z Fold 2 will launch on September 18th for $1,999.99 - The Verge

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Samsung is announcing new details for its next foldable Android phone, the Galaxy Z Fold 2. The main pieces of news are the price and release date: $1,999.99 in the US, with preorders starting today and shipping on September 18th. Samsung has also secured support for the Z Fold 2 from all three major US carriers: Verizon, AT&T, and T-Mobile. It will also be available unlocked at Samsung’s website.

Samsung’s entire strategy with the Z Fold 2 is to convince potential buyers that it has overcome the design problems of the first Fold with a glass screen, stronger hinge, and better protection against debris. The Galaxy Z Fold 2 is technically the third iteration of Samsung’s folding design, and even more technically it is Samsung’s fourth iteration of its hinge mechanism.

The Samsung Galaxy Z Fold 2.

Image: Samsung

The most noticeable upgrade is on the outside: the display you see when the Z Fold 2 is closed is now much bigger than on the original Fold. The so-called “cover display” is now 6.2 inches diagonally, taking up nearly the entire front of the device. Although that sounds like a very big screen, it’s likely very narrow; the pixel dimensions are 2260 x 816. So though it looks much more impressive than before, we’ll need to wait to use it to see if it’s more usable.

The cover screen is taller but quite narrow.

Image: Samsung

The interior screen has been upgraded on a number of fronts. Most importantly, it now uses Samsung’s Ultra Thin Glass (UTG), just as the Z Flip folding phone did. It appears to be much more durable than the plastic screen from the original Fold. Samsung is also preinstalling a plastic screen protector over the UTG, so it may still have a bit of a plasticky feel and could pick up dings from your fingernail.

The layers on the new display.

GIF: Samsung

As with all of its folding phones, Samsung is putting up a couple of warnings and care instructions for the Z Fold 2 to hopefully keep users from damaging it. It’s also offering a one-time screen replacement for $149.

Aside from improved durability, the Z Fold 2’s big screen improvements are twofold. First, the 7.6-inch display no longer has a huge notched cutout for multiple cameras. That’s been replaced by a small single hole punch for the selfie camera. Second, it has a dynamic refresh rate of up to 120Hz. A high refresh rate could make a bigger impact on the overall experience on the Z Fold 2 than it does on phones. That’s because the original Fold suffered from “jelly scroll,” where one side of the screen refreshed noticeably slower than the other.

The Z Fold 2 can support itself at different angles now.

Image: Samsung

After the screens, the next most important component of the Z Fold 2 is the hinge. Samsung has been iterating on the hinge ever since the very first Galaxy Fold review units (including one sent to me) were revealed to be fragile. This device’s hinge has four cams to increase rigidity through the entire unfolding process so that the Z Fold 2 can support half the screen sitting upright for certain software features like watching video.

There are also new elastic “sweeper” brushes — much like the brushes on some vacuum cleaners — to keep dirt and debris from getting into the hinge mechanism and damaging the screen from behind. Samsung says there’s also more reinforcement behind the display for strength and stability.

All of that effort has been put into a device with specs that are not too different from Samsung’s other flagship Android phones. It has a Snapdragon 865 Plus processor, 256GB of storage, and 12GB of RAM. It supports wireless charging, reverse wireless charging, fast charging, and has a 4,500mAh battery. It will support both sub-6 and mmWave variants of 5G. The phone is unlocked with a fingerprint sensor, mounted on the side. Samsung also claims that the stereo speakers are good enough to keep you from reaching for a separate Bluetooth speaker, but that’s likely to be hyperbole.

The camera system on the Z Fold 2 is fairly normal.

Image: Samsung

From a raw numbers perspective, the Z Fold 2’s camera system is somewhat less impressive than what you can get on a Galaxy S20 or Galaxy Note 20. It has the usual array of wide, ultrawide, and telephoto cameras on the back, but all three have 12-megapixel sensors. There are two selfie cameras — one for the cover screen and one for the main display — and each is 10 megapixels.

If you’re taking selfies, the best way to do it will be to unfold the device and use the main cameras along with the cover display for your viewfinder. That’s one of several Fold-specific software enhancements Samsung is touting.

The Z Fold 2 is once again using Samsung’s dual or tri-paned interface for multitasking. You can save apps in pairs (or triplets) so they’ll open together. And when you take a screenshot of a multi-paned interface, each app’s screenshot will be stored separately. It will also still support the feature that maintains continuity between the outer and inner displays when you open the phone.

Samsung says more apps will support tablet layouts on the Z Fold 2, including apps from both Microsoft and Google. It has even put specific settings in to make it easier to switch between DPI settings. That means you can choose between phone layouts that are just bigger and tablet layouts that are shrunk down smaller, basically.

Samsung is positioning the Z Fold 2 as a “luxury” device

Overall, the aesthetic of the Z Fold 2 is a small improvement over last year’s model, with more squared-off edges and a “haze” finish on the back that’s matte instead of glossy.

The Z Fold 2 will come in two colors — bronze and black — and it will also offer buyers the ability to choose a different accent color for the hinge. There will be a Thom Browne bundle as well, which will include a watch and earbuds.

At $1,999.99, the Z Fold 2 is virtually the same price as the last Galaxy Fold, but this time Samsung at least recognizes that and is positioning the Z Fold 2 as a “luxury” device. Whether that makes the price more palatable depends on your definition of “luxury,” though. It’s at least a more honest way for Samsung to market this device — not as something for everybody, but as something for those who are willing to spend two grand on an unproven product category.

Unproven or not, Samsung is committed to foldables. At the Z Fold 2’s announcement, the company strongly hinted that a future Fold device would support Samsung’s S Pen stylus. So even if this Fold is too expensive for you today, you’ll likely have a chance to spend a bunch of money on the next one sometime in the future.

The Z Fold 2 comes in two colors: bronze and black.

Image: Samsung

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Samsung Galaxy A71 5G Review - PCMag

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It's easy to forget that Samsung makes more than $1,000+ flagship phones. After all, handsets like the $599.99 Galaxy A71 5G tend to get overshadowed when the company announces scene stealers like the $2,000 Galaxy Z Fold 2. But you shouldn't discount these more affordable models just because they aren't as flashy. In the case of the Galaxy A71, you're getting a lot for your money, including 5G connectivity, solid performance, a terrific camera, and long battery life. It's one of the better phones for getting 5G in this price range right now, though the competition is increasing at a rapid clip.

Design, Display, and Durability

The Galaxy A71 5G is flat in the front, with a curved plastic back panel. It measures 6.3 by 3.0 by 0.3 inches (HWD) and comes in at 6.5 ounces. We tested an unlocked model in black with a subtle monochromatic pattern, though Verizon's version has a more distinct prismatic design. 

The front of the phone is dominated by 6.7-inch, 2,400-by-1,080-pixel AMOLED display with a notch for the camera. The screen looks gorgeous, with vibrant colors and inky blacks, and it’s bright enough to see outside. Even the in-display fingerprint sensor is pretty good, though it's not as fast or accurate as on the iPhone SE or the Pixel 4a.

Top of the phone has a hybrid SIM slot, while a speaker, a USB-C charging port, and a 3.5mm headphone jack sit on the bottom. The left side is bare, across from the volume rocker and multifunction power/Bixby button on the right. The buttons provide a satisfying click when tapped, but are hard to reach with small hands.

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The back of the phone features a large rectangular camera stack in the upper left corner and a Samsung logo in the middle. The back panel is constructed of plastic, but it could easily be mistaken for glass if it weren’t for the dull thud it makes when tapped. While the high-gloss finish looks great, it quickly attracts fingerprints.

The phone’s plastic build should be able to handle a few bumps and drops without issue, but the display isn't likely to fare as well as it’s constructed out of older Gorilla Glass 3. There’s also no IP rating, which is unacceptable once you cross the $500 threshold.

Connectivity and Audio 

The Galaxy A71 5G is available unlocked and through every major carrier. AT&T, T-Mobile, US Cellular, and unlocked versions of the phone support sub-6GHz 5G. Verizon offers an Ultra Wideband version that supports millimeter-wave now and will support low-band 5G when it is rolled out later this year. 

It’s worth mentioning that 5G is a much different beast than LTE, and you should do your homework before making a purchase. The X52 modem (400MHz) in the Galaxy A71 has half the bandwidth of the X55 (800Mhz) in the pricier Samsung Galaxy 20+, for instance.

We tested the phone on T-Mobile’s 5G network in Philadelphia. Download speeds averaged 146.8Mbps, while uploads clocked in around 38.6Mbps.  

Call quality is excellent. At 85dB, the earpiece is loud enough to hear in just about any setting. Our test calls were consistently clear on both ends, and noise cancellation worked well.

Audio quality, on the other hand, is disappointing. The phone has a single bottom-firing speaker that maxes out at 90dB. It’s fine for video calls, but it sounds pretty bad for everything else. On the plus side, Dolby Atmos is supported with wired or Bluetooth headphones.  

The phone also supports Bluetooth 5.0, NFC, and dual-band Wi-Fi.

Cameras

On the back, the Galaxy A71 5G sports a 64MP primary camera, a 12MP ultra-wide sensor, a 5MP macro lens, and a 5MP depth sensor. The front-facing camera clocks in at 32MP. 

The 64MP quad-pixel lens performs well in all lighting scenarios. Photos are crisp, depth of field is excellent, and color is slightly saturated but looks great. In low light, we noticed minor noise and a slight loss of detail, but the phone managed to surpass the Pixel 4a in a few scenarios. The ultra-wide lens offers similarly good performance.

The 5MP macro sensor is just okay. With a steady hand and good light, you can get a decent shot, but not one that can compare with a true macro lens. That's not surprising, as we’ve yet to see a spectacular macro lens in this price range.

The front-facing camera shines in all lighting scenarios. In good light, test shots were sharp with excellent detail. Low-light photos were nearly as good, though a few of our images showed minor noise around the edges.

Portrait mode works well on the front and rear cameras. Depth mapping was spot on in nearly all of our test photos, which is no small feat since most phones in this price range struggle with correctly capturing wisps of hair, subjects against monochromatic backgrounds, and accurately mapping the areas around hats and glasses. 

Hardware and Performance 

The Galaxy A715G ships with a Qualcomm Snapdragon 765 chipset and 6GB of RAM. There’s 128GB of storage, with about 108GB available out of the box. You can add up to an additional 1TB of storage with a microSD card. 

Performance is solid for the price. The A71 5G handles multitasking without any problems; we had nearly two dozen apps open simultaneously, as well as 30 browser tabs, and didn’t experience any slowdown.

We tested the phone for over an hour playing Alto’s Odyssey and didn’t experience any lag or skipped frames. The game loaded fast and didn’t have a significant effect on battery life. 

Benchmarks underscore our experience. On Geekbech 5, a test that measures raw processor power, the A71 5G earned scores of 609 single-core (SC) and 1,879 multi-core (MC), for a nice lead over the Pixel 4a at 402 SC and 1,618 MC.

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The phone is powered by a 4,500mAh battery that will get even the most demanding user through the day. In our battery drain test, which streams HD video over Wi-Fi at full brightness, the phone lasted for 10 hours and 33 minutes. When you find it running out of juice, the A71 5G supports Samsung’s fast charging protocol and comes with a 25W adapter in the box. Wireless charging isn't supported, however.

Software

The Galaxy A71 5G ships with Android 10 along with Samsung’s One UI 2. While many manufacturers have gravitated toward a more stock Android model over last couple of years, Samsung’s UI continues to offer a very customized user experience. 

In One UI 2, navigation buttons are reversed, app icons are changed, and the settings menu looks different than stock Android. It’s not bad by any means, but if you’re used to Android on a non-Samsung phone, prepare to spend a few minutes getting used to it. 

The unlocked version of the A71 5G features Samsung’s suite of productivity apps. For the most part they’re Samsung’s version of apps already baked into Android, and for years we've considered them redundant, but we’re starting to rethink our stance. This year, Samsung integrated many of its apps with Microsoft Office and improved its cloud platform significantly. The A71 5G is also tightly integrated with many of Samsung’s other smart devices to offer a more seamless user experience.

And the Galaxy A71 5G is one of Samsung’s first handsets confirmed to receive OS upgrades for three years. While there’s no timeline on when Samsung will release these updates, it’s good to know that you're not buying into a dead end.

Conclusions 

The Samsung Galaxy A71 is a good phone for 5G on a (relative) budget, with solid performance all around. It also costs $100 less and has a much better camera than the 5G-capable Moto Edge. That said, we'd like to see better durability for $600, and unless you buy the phone on Verizon, you're not getting a future-proof 5G experience. And with the $500 Moto One 5G launching on AT&T and Verizon soon, the competition is really heating up. So while the Galaxy A71 gets most things right, you might want to sit tight to see how things shake out before picking one up.

Samsung Galaxy A71 5G

Pros

• Solid performance

• Excellent camera

• Nice display

• Long battery life

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Cons

• Lackluster durability

• Poor audio quality

The Bottom Line

The Samsung Galaxy A71 offers 5G connectivity and solid overall performance for a relatively affordable price.

Samsung Galaxy A71 5G Specs

Operating System	Android 10
CPU	Qualcomm Snapdragon 765G
Dimensions	6.3 by 3.0 by 0.3 inches
Screen Size	6.7 inches
Screen Resolution	2,400 by 1,080
Camera Resolution (Rear; Front-Facing)	64MP, 12MP, 5M, 5MP; 32MP
Battery Life (As Tested)	10 hours, 33 minutes

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Samsung eyes new opportunities as pandemic ignites demand for home appliances - Yahoo Finance

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The logo of Samsung Electronics is seen on a dish washer at its store in Seoul

By Joyce Lee

SEOUL (Reuters) - From sanitising closets to customisable fridges, the coronavirus pandemic has fanned demand for home appliances - so much so that Samsung Electronics Co Ltd is adding warehouses and bringing popular products to more markets.

In particular, consumers have been willing to splurge on products that make their homes cleaner.

In Brazil and other emerging economies, households which once relied on maids are now investing in dishwashers and robot vacuum cleaners, while Samsung says its overseas sales of air purifiers jumped more than five times in January-July compared to the same period last year.

Samsung's AirDresser, a closet that steam cleans clothes and kills bacteria, has seen a spike in sales with British furniture firm Lux Group ordering 1,000 earlier this year. Big fridges have also climbed in popularity as people cooking more often at home seek more freezer space.

"Sales are doing well in all but a few countries," Lee Jae-seung, executive vice president of Samsung Electronics' digital appliance business, told Reuters in an interview.

He said factories for Samsung's appliances business in the United States, Mexico, Poland, India and other countries were running at full capacity and the company was seeking more warehouse space in the United States, South Korea and Europe.

"There was a lot of pent-up demand in the U.S and elsewhere," Lee said. He added that many consumers seemed willing to spend money they might have otherwise used on trips and outdoor activities to upgrade their household interiors.

In its home market, Samsung's "Bespoke" refrigerators drove its fridge sales up 30% in the first half from the same period a year ago. The fridges, which come in a wide range of compartment sizes, panel types and colours that can be mixed and matched, were launched in China and Russia this year and will be sold in northern Europe from October.

Samsung does not disclose home appliance earnings, but according to UBS, its home appliance business made an operating profit of 337 billion won ($284.48 million) in the April-June quarter, up about 30% from a year earlier according to Seoul-based KTB Securities.

($1 = 1,184.6000 won)

(Reporting by Joyce Lee; Editing by Edwina Gibbs)

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Hermes tops August brokerage transactions with EGP 5bn, 15% market share - Daily News Egypt

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The Hermes Securities Brokerage took the lead of value of stock trading in August, by executing EGP 5.07bn worth transactions, accounting for about 9% of the month’s total transactions.

It was followed by Financial Brokerage Group which controlled about 7.7% of the monthly turnover at EGP 4.3bn, with the duo accounting for about 16.7% of August trading.

In third place, the Commercial International Brokerage Company (CIBC) took a market share of 7.1% of stock market transactions during August, followed by Pioneers Securities and Beltone Securities Brokerage with transactions of 5.7% and 4.9%, respectively.

The companies competing for the top 10 spots on the monthly transactions list did not differ, with the exception of a change in position for some. The exception to this was Mubasher International’s entry to the top 10 list in August, at the expense of Naeem Research which came in 11th place.

Arabeya Online ranked sixth in August rankings, accounting for 3.8% transactions, followed by Mubasher and Sigma in seventh and eighth places, respectively. The latter two companies took an equal 3.6% share of the market, with a slight difference in the value of transactions.

Pharos Securities took 9th place, accounting for transactions worth EGP 1.9bn, representing about 3.4% of the transactions in August. Arqaam took a 3.1% share of the market, coming in at 10th place.

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