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ADX:ADNOCDIST

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Equities

Adnoc Distribution Reiterated at Buy as FAB Notes Q1 Results

FAB Securities affirmed its investment opinion on Abu Dhabi National Oil Co. For Distribution (ADX:ADNOCDIST), d/b/a Adnoc Distribution, after the fuel distributor and retailer's first-quarter earnings report."We maintain our BUY rating on ADNOCDIST with an unchanged target price of AED 4.70. ADNOC Distribution delivered a strong performance in 1Q26, continuing to execute its growth strategy despite the ongoing geopolitical situation in the region. The Company reported one of its strongest quarterly performances, achieving double-digit growth in both EBITDA and net profit, reflecting operational resilience and its ability to navigate evolving market conditions while continuing to create shareholder value," according to a first look note published Thursday.For the March quarter, Adnoc Distribution logged a 20.7% year-over-year increase in net profit to 771 million Emirati dirhams, surpassing the research firm's 703 million-dirham estimate. Meanwhile, revenue climbed 4.3% to 8.83 billion dirhams, compared with FAB Securities' forecast of 8.70 billion dirhams.

ADX:ADNOCDIST
Asia Markets

Emirati Equities Rebound as US Postpones Planned Attack on Iran

Stocks in the United Arab Emirates were back in the green on Tuesday as hopes of renewed negotiations between the US and Iran boosted market sentiment, leading to a decline in oil prices.At the close of trading, the FTSE ADX General Index gained 0.913%, while the DFM General Index added 0.933%.US President Donald Trump said that he held off a planned military attack on Iran scheduled for Tuesday at the request of Qatar, Saudi Arabia, and the UAE. Trump also added that "serious negotiations" are taking place and a potential deal acceptable to the US might be reached.According to reports from various media outlets, Iran submitted a new response to the latest US proposal through Pakistan. The proposal entails the withdrawal of US troops from close areas, compensation for war damages, lifting of all sanctions, and release of frozen funds."The oil market continues to trade in wide ranges, and it remains extremely sensitive to Iran-related headlines amid current supply disruptions," ING said. "One might think the oil market would become increasingly numb to these headlines. However, the scale of supply disruptions is significant and growing more concerning each day that oil flows remain halted."Back home, Abu Dhabi Securities Exchange integrated its derivatives offerings and market data onto the Bloomberg Terminal, enabling institutional investors to explore and access opportunities within UAE-listed companies.On the corporate side, Abu Dhabi National Oil Co. For Distribution (ADX:ADNOCDIST), d/b/a Adnoc Distribution, teamed up with Americana Restaurants International (ADX:AMR) to integrate up to 200 quick service restaurants in its network. Shares of Adnoc Distribution closed 0.26% higher, while those of Americana Restaurants surged 6.25%.United Securities downgraded its rating on Dubai Taxi Co (DFM:DTC) to hold from buy and cut its price target to 2.15 Emirati dirhams per share, after its profit and revenue came to be lower than the investment management firm's estimates. The taxi company's stocks closed the session flat.

^DFMGI^FADGIADX:ADNOCDISTADX:AMRDFM:DTC
Equities

Adnoc Distribution, Americana Restaurants Enter Dining Convenience Partnership

Abu Dhabi National Oil Co. For Distribution (ADX:ADNOCDIST), d/b/a Adnoc Distribution, and Americana Restaurants International (SASE:6015, ADX:AMR) partnered to enhance dining convenience and roadside retail offering in the United Arab Emirates, Saudi Arabia, and Egypt.The Abu Dhabi-listed fuel distributor and retailer will add up to 200 quick-service restaurants from Americana Restaurants' portfolio of 12 international brands into its network, according to a Tuesday release. It will also support its target to double non-fuel retail transactions by 2030.Furthermore, Americana Restaurants will gain access to Adnoc Distribution's strategically positioned locations, enabling it to enhance its brand visibility, accessibility, and customer base.

ADX:ADNOCDISTADX:AMRSASE:6015
Asia Markets

Emirati Equities Close Mixed as US Inflation Takes Spotlight

United Arab Emirates indices failed to find direction on Wednesday as higher-than-expected US inflation data, driven by higher energy prices due to the continued closure of the Strait of Hormuz, weighed on sentiment.At the close of trading, the FTSE ADX General Index was little changed at 0.06% in the green, while the DFM General Index declined 0.41%."Tuesday saw headline US CPI inflation come in at 3.8% year-on-year for April. It was 2.4% before the war. That's a 140bp uplift, and it's not done. As it is, we're set to hit 4% in May. Core hits 3% down the line. A persistence to the war and we risk adding to that. Getting to 5% inflation is quite probable if it goes on and on. From here, we likely have another week of waiting and watching the war given the China summit distraction, with the Strait remaining shut tight," ING said.On the geopolitical front, US President Donald Trump, ahead of his visit to China, said he does not need China's assistance to end its conflict with Iran and that the war will be won "peacefully or otherwise," Reuters reported Tuesday."The Iran war is likely to be discussed between the two leaders, but we do not expect any changes in China's approach to the war. Trump goes to Beijing with few cards on the hand and to avoid a further loss of face in the war, Trump might not push for any concessions that China is unlikely to give," Danske Bank said in a note. "However, Xi will likely repeat the words by China's Foreign Minister that China is willing to play a 'greater role in restoring peace'.Zooming in at home, the corporate side of the region saw another wave of earnings reports. Abu Dhabi National Oil Co. For Distribution (ADX:ADNOCDIST), d/b/a Adnoc Distribution, and Abu Dhabi Ports Co. (ADX:ADPORTS), d/b/a AD Ports Group, both logged higher attributable profits for the first quarter and closed 1.32% and 0.46% in the green, respectively.In Dubai, stocks of Dubai Refreshment (DFM:DRC) closed flat, while United Foods Co. (DFM:UFC) ended 0.15% higher. Both Dubai-listed consumer goods companies recorded higher profits for the three months ended March 31.

^DFMGI^FADGIADX:ADNOCDISTADX:ADPORTSDFM:DRCDFM:UFC
Equities

Adnoc Distribution Books Higher Q1 Profit, Revenue

Abu Dhabi National Oil Co. For Distribution (ADX:ADNOCDIST), d/b/a Adnoc Distribution, said Wednesday that its profit and revenue for the first quarter rose year over year.Profit attributable to equity holders of the company for the three months ended March 31 was 770.7 million Emirati dirhams, compared with 638.7 million dirhams a year ago. EPS moved to 0.062 dirham from 0.051 dirham.The Abu Dhabi-listed fuel distributor and retailer's revenue was 8.83 billion dirhams, compared with 8.47 billion dirhams earlier.Analysts polled by FactSet were expecting 8.92 billion dirhams in sales, 640.8 million dirhams in net income, and 0.1 dirham in EPS.Meanwhile, the board approved a first quarterly dividend of 0.0514 dirham per share, payable on June 9 to shareholders on record May 22.

ADX:ADNOCDIST