The BLOM Lebanon PMI (Purchasing Managers’ Index) dropped from December’s level of 49.0 to score 44.7 in January 2014, reaching its lowest mark in the 9-Month’s survey. The below-50 PMI reveals ... read more
The banking sector continued to put in a strong performance during 2013 despite the slowdown of economic growth in Lebanon and the instability in countries where Lebanese banks are present. Although BLOM ... read more
The trend of the car market in Lebanon, just like everywhere else in the world, is inextricably linked to consumer behavior and to the economic, political and social context of the country. Unfortunately, ... read more
Over the course of 2013, Lebanon not only had to face its own set of domestic challenges but also suffered the spillovers from war-ridden Syria. These hurdles were priced in Lebanese equities, which ... read more
We raise our target price on SODIC to EGP 26.80 per share, maintaining an ACCUMULATE rating. Despite the challenging macro and political environment faced in 2013, SODIC’s long-term business fundamentals ... read more
We maintain our ACCUMULATE rating on Yamama, raising our target price from SAR 57.74 to SAR 62.59 after it was reached in November. This only presents a 4.8% premium over its current closing price of SAR ... read more
We maintain an ACCUMULATE rating on Yamama, raising its target price to SAR 57.74 from SAR 51.20 previously, after it was reached during June 2013 and continues to rally. Our overweight rating is further ... read more
We lower our target price on SODIC to EGP 18.48 per share from EGP 23.32 previously as Q1 results missed expectations. We maintain our ACCUMULATE rating despite the recent slump in share price as ... read more
We revised our target price on SODIC to EGP 23.32 per share, maintaining an ACCUMULATE rating after incorporating the Eastown land in our valuation. Although 2012 was a record year strengthened with an ... read more
We have initiated coverage on SODIC, an Egyptian real estate developer, with an ACCUMULATE rating and a fair value of EGP 27.00 per share presenting a 17.4% premium over its recent closing price. Egyptian ... read more
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