The BLOM Stock Index (BSI) increased by 0.02% to 1,189.94 points following the trade of 49,755 shares worth $518,635. The BSI registered a 1.68% rise since the start of the year, and a 0.53% dip from its ... read more
During its annual ordinary general assembly held on July 13th, 2015, Solidere declared the distribution of cash-dividends and stock-dividends, which, combined, are equivalent to a distribution of ... read more
Wednesday’s trades on the Beirut Stock Exchange occurred on lower volumes with a mixed performance in the real estate sector and a positive performance in the banking and industrial sectors. Accordingly, ... read more
Solidere S.A.L, Lebanon’s leading real estate company, reported a net profit of $96.90M for FY 2014, in comparison to $39.68M for the previous year, and in line with Blominvest’s estimates. The group’s ... read more
The Lebanese Bourse started the week with a minor decrease as the BLOM Stock Index (BSI) edged down by 0.05% to close at 1,224.22 points. Despite the fact that 5 out of the 7 traded stocks experienced ... read more
Low levels of trading kept on characterizing the Beirut Stock Exchange (BSE) Tuesday with total volume of traded shares barely inching up by 7.9% to 68,593 shares worth $655,228. In fact, the BLOM Stock ... read more
The BLOM Stock Index (BSI) started the week’s trading session on a positive note, recording a 0.32% increase to 1,205.67 points. In the real estate sector, Solidere “B” shares edged up slightly by 0.08% to ... read more
During the analyst’s day held by Solidere on October 30, 2014, the management disclosed the company’s success in closing a deal over 3 plots in the waterfront area to local investors. The sale of 36,000 ... read more
We maintain our target price for Solidere at USD 13.31 following the release of their H1 results as our previous estimates met the company’s performance for the period. However, we believe this price will ... read more
We maintain a HOLD rating on Solidere with a 6-month target price of USD 13.31, a 4.1% premium over today’s closing price of USD 12.79. Solidere’s revenues came in at USD 155 million in 2013, up from ... read more
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