The war in Syria plays a mounting role in the destiny of neighboring economies which are already facing their own domestic challenges, Read More
Equity Research
Alert on FY 2012 – Issuing a HOLD on Ezz Steel on persistent macroeconomic and firm-specific risks
As part of our Ezz Steel coverage, please find attached an update following its FY 2012 financial results. We maintain our target price Read More
Equity Research
Alert on Q1 2013 – Maintaining a HOLD on TMG with a target price of EGP 4.40 per share
Talaat Moustafa released its financials for the first quarter of 2013, recording a 17% y-o-y increase in revenues to EGP 1,522 million, in line with Read More
Equity Research
Alert on FY 2012 – Maintaining an ACCUMULATE rating on Arab Bank and a Target Price of JOD 7.84 per share
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. Read More
Equity Research
Alert on FY 2012 – Maintaining a HOLD on El Sewedy on ongoing challenging environment
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 Read More
Equity Research
Alert on FY 2013 – Maintaining a HOLD on Talaat Moustafa pending further clarity on Madinaty case
We update our target price on Talaat Moustafa (TMG) to EGP 4.40 per share after taking into account Egypt’s shaky economic and Read More
Equity Research
Alert on Q3 2012 – Issuing a HOLD rating on Ezz Steel as price fairly reflects company and market risks
We updated our target price on Ezz Steel to EGP 10.27 with a HOLD recommendation after accounting for the additional specific risk associated 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 Read More
Equity Research
Blominvest initiates coverage on TMG with a HOLD rating as Target Price offers promising potential but only once instability subsides
We initiate coverage on Talaat Moustafa,the largest real estate developer in Egypt, with a HOLD Rating and a target price of Read More
Equity Research
Alert on Q3 2012 – Maintaining an ACCUMULATE rating on Arab Bank and a lower Target Price of JOD 8.00 per share
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. Read More
