The first six months of 2014 saw a rebound in the Lebanese safe assets market. Lebanon kept on suffering the local and regional instabilities in the first half of the year that heavily burdened its whole ... read more
We revise up our target price on Global Telecom to EGP 5.60 per share, upgrading to a HOLD recommendation as we believe the settlement of disputes in Algeria on top of the improving political and economic ... read more
Lebanon’s private sector economy continued to contract in June, but the rate of decline eased considerably and was only marginal. The economic indicator BLOM PMI therefore registered at an eight-month high ... 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
Combining agricultural and industrial techniques, agro-industry in Lebanon is a developed sector with promising outlooks. Despite its several competitive advantages, the sub-sector, that is mainly based on ... read more
Kafalat issued 85 guarantees in May 2014, a 28.79% increase from the 66 guarantees in May 2013, where total value of loans recorded a 12.62% year-on-year gain to $9.90M. The rise in number of guarantees ... read more
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
After a short breath in April, the private sector’s economy lost momentum in May on the back of political and social confusion. BLOM PMI scored 48 points down from 48.5 points last month, still below the ... read more
2013 was one of the most challenging years of the Lebanese cement industry’s 80-Year of history. Domestically, numerous gridlocks painted the political scene and several security incidents have ... read more
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