We maintain our ACCUMULATE rating on SODIC as we believe the company is in a strong position to attract promising growth opportunities. As well, we value the company’s shares at EGP 15.94 per share after ... read more
On 01/10/2014, the Egyptian Stock Exchange (EGX) listed and started trading SODIC’s 250 million rights at a par value of EGP 4 per share plus issue costs of EGP 0.06 per share. Each existing shareholder ... read more
We raise our target price on SODIC to EGP 53.45 per share, maintaining our ACCUMULATE rating as land replenishment may lead the way to stronger growth potential. We believe the resolution of all legal ... read more
We raise our target price on SODIC to EGP 34.82 per share, maintaining our ACCUMULATE rating on clearer political and legal pictures. We believe the resolution of all legal disputes in addition to the ... 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 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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