We maintain an “Accumulate” rating on Arab Bank with a target price of JOD 7.84, presenting a 10.9% premium over its recent closing price. The Jordanian Bank reported a favorable 15% gain in profits ... read more
We lower our target price on El Sewedy Electric to EGP 19.00 per share using a DCF method with a WACC of 16.50% and a terminal growth rate of 3%. Trading at a sizeable price-to-earnings ratio of 37, we do ... read more
We update our target price on Talaat Moustafa (TMG) to EGP 4.40 per share after taking into account Egypt’s shaky economic and political conditions. We believe that TMG’s share price will remain news-flow ... read more
We updated our target price on Ezz Steel to EGP 10.27 with a HOLD recommendation after accounting for the additional specific risk associated with the lawsuits that the company’s ex-chairman is ... read more
We downgrade El Sewedy Electric to a HOLD rating with Medium risk, lowering the target price to EGP 24.40 per share from EGP 28.2 due to the sustained uncertainty surrounding Egypt. The electric equipment ... read more
We initiate coverage on Talaat Moustafa,the largest real estate developer in Egypt, with a HOLD Rating and a target price of EGP 4.77 per share. Click below for the full initiation report: Talaat Moustafa ... read more
We maintain an “Accumulate” rating on Arab Bank with a target price of JOD 8.00, presenting a 16.6% premium over its recent closing price. The Jordanian Bank posted a net income of USD 484.5 million for ... read more
We maintain a HOLD rating on Holcim Liban with a target price of USD 15.21 per share, presenting only a 1.93% downside over its recent closing price. When comparing HL to its regional peers, we find that ... read more
We upgrade El Sewedy to an ACCUMULATE rating with Medium risk following the release of their H1 2012 results, raising the target price from EGP 24.0 previously to EGP 28.2 per share. This presents an ... read more
We initiate coverage on Arab Bank, a leading bank in Jordan and the region, with an ACCUMULATE rating and a fair value of JOD 7.76 per share presenting a 10.5% premium over its recent closing price of JOD ... read more
This website uses cookies in order to improve user experience. If you close this box or continue browsing, we will assume you agree with this. For more information click here