We maintain an ACCUMULATE rating on TMG, revising our target price up to EGP 10.07 per share from EGP 9.17 per share previously. Our favorable rating is supported by the recovering economic conditions ... read more
We revise up our target price on El Sewedy to EGP 37.71 per share, issuing an ACCUMULATE rating as the easing political and economic situations in Egypt continue to drive the equity market’s performance ... read more
We revise down our target price on Global Telecom to EGP 4.20 from a previous EGP 5.18, updating our recommendation to REDUCE in the absence of clear prospects for the future. We believe the upside ... read more
We revise our target price on Talaat Moustafa up to EGP 9.17 per share from EGP 6.18 per share previously after it was reached during December 2013 and continues to surge. Our favorable rating is supported ... read more
We maintain an ACCUMULATE rating on Ezz steel, revising our target price up to EGP 19.78 per share on easing levels of political tensions and economic uncertainties. Revenues increased by 7.7% y-o-y to ... read more
We raise our target price on Ezz Steel to EGP 18.38 per share, upgrading our recommendation to ACCUMULATE on the back of recovering operations along with easing macroeconomic and political tensions in ... read more
El Sewedy reported a 6% y-o-y rise in Q3 revenues to EGP 3.5 billion as a result of a 10% increase in the wire and cables segment to EGP 2.8 billion on higher volumes and average selling prices. Moreover, ... 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 initiate coverage on Global Telecom Holding, an Egyptian mobile telecommunications company, with an ACCUMULATE rating and a target price of EGP 5.18 per share presenting a 10.5% premium over its recent ... read more
We revise our target price on TMG up to EGP 6.18 per share, representing an upside potential of 10.2% over the recent closing price leading us to issue an ACCUMULATE rating. TMG stock rallied by more than ... read more
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