Accessible version Parkin Company 2Q26: Convincing quarter; upside remains constrained. Reiterate Underperform Reiterate Rating: UNDERPERFORM | PO: 5.55 AED | Price: 5.58 AED Convincing beat, but upside remains limited Parkin delivered a strong 2Q beat on revenues (+14% YoY; +12/+14% vs. BofAe/cons) and net income (+12% YoY; AED166m vs. 152/143), driven by public parking revenues and seasonal cards sales. Public parking benefitted from c.8k new spaces in the quarter and resilient utilisation, both ahead of ...

ab 18 August 2026 Global Research Rieter Discounting soft 1H26 orders and a slower recovery path Forecasts revised following weak 1H26 performance Following Rieter's 1H26 results (here), we update our forecasts to reflect the miss on orders, sales and profitability. While we continue to expect a moderate recovery in FY27/28E, we remain cautious as to what extent Rieter will benefit from this improving environment. We forecast organic sales growth of -1/16/12% in FY26/27/28E (prior - 1/17/11%). Reflecting on ...