The statement of comprehensive income of the “Societe Libanaise des Ciments Blancs” revealed an increase in the company’s profit from $2.77M in 2015 to $4.39M in 2016. Revenue dropped from $12.77M in 2015 ... read more
Blominvest’s research is international ! Below is the link to “Lebanon – Beyond Tomorrow”, our analysis of the Lebanese Cement Industry, exclusively prepared for the November issue of the “International ... read more
Amid a challenging political, economic, and security environment, the decision of investing in Lebanon and specifically in which sector could be crucial for local and foreign investors. The report below ... read more
We value Holcim Liban (HL) at USD 15.28 per share, maintaining our HOLD recommendation as the ongoing presidential vacuum on top of the deteriorating situation in Syria continue to threaten Lebanon’s ... read more
We maintain our HOLD rating on Yamama with a higher target price of SAR 63.18 per share on positive reform in the Saudi equity market. Yamama’s shares price tracked the uptrend in the Saudi stock market, ... read more
We lower our target price on Holcim Liban (HL) to USD 15.10 from USD 15.21 previously, maintaining a HOLD recommendation. HL appears to be undervalued with a price-to-earnings ratio of 13.62 compared to ... 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 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 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
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