We maintain an “Accumulate” rating on Arab Bank with a target price of JOD 8.00, presenting a 16.6% premium over its recent closing price. The Jordanian Bank posted a net income of USD 484.5 million for ... 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
We upgrade El Sewedy to an ACCUMULATE rating with Medium risk following the release of their H1 2012 results, raising the target price from EGP 24.0 previously to EGP 28.2 per share. This presents an ... read more
We initiate coverage on Arab Bank, a leading bank in Jordan and the region, with an ACCUMULATE rating and a fair value of JOD 7.76 per share presenting a 10.5% premium over its recent closing price of JOD ... read more
We maintain an ACCUMULATE rating on Yamama, the Saudi cement producer, with a fair value of SAR 51.2 per share, presenting an upside of 11.8% over the recent closing price of SAR 45.8. With record earnings ... read more
We upgrads our rating on Solidere to an ACCUMULATE with a 6-month target price of USD 14.80. While 2011 presented a challenging year for Solidere, its revenues dropped less than our estimates and we are ... read more
We upgrade our rating on Ezz Steel to an ACCUMULATE rating with a fair value of EGP 8.60 following the release of its 2011 results. This presents a premium of 17.5% over its recent closing price EGP 7.32. ... read more
We value Yamama Cement at SR 74 per share using a discounted cash flow model with a 12.7% discount rate and a 2,5% terminal growth rate. An ACCUMULATE recommendation is issued taking into consideration ... read more
This website uses cookies in order to improve user experience. If you close this box or continue browsing, we will assume you agree with this. For more information click here