Equity Research Alert on H1 2014 – Downgrading Ezz Steel to a admin October 8, 2014 We downgrade Ezz Steel to a HOLD rating, revising down our target price to EGP 18.06 per share as we view the current Read More
Equity Research Alert on Q3 2013 – Maintaining an ACCUMULATE on Ezz admin February 27, 2014 We maintain an ACCUMULATE rating on Ezz steel, revising our target price up to EGP 19.78 per share on easing levels of political Read More
Equity Research Alert on Q2 2013 – Upgrading Ezz Steel to ACCUMULATE admin January 15, 2014 We raise our target price on Ezz Steel to EGP 18.38 per share, upgrading our recommendation to ACCUMULATE on the back of recovering Read More
Equity Research Alert on Q1 2013 – Maintaining a HOLD on Ezz admin September 23, 2013 We revise our target price on Ezz Steel up to EGP 12.07 per share from EGP 10.27 per share previously, using a WACC of 20% Read More
Equity Research Alert on FY 2012 – Issuing a HOLD on Ezz admin May 18, 2013 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 Q3 2012 – Issuing a HOLD rating on admin March 7, 2013 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
Equity Research Alert on FY 2011 – Upgrading Ezz Steel to ACCUMULATE admin April 24, 2012 We upgrade our rating on Ezz Steel to an ACCUMULATE rating with a fair value of EGP 8.60 following the release of its 2011 Read More
Equity Research Alert on Q3 2011 – Maintaining a HOLD on Ezz admin February 17, 2012 We maintain our HOLD rating on Ezz Steel, and revise our target price upward from EGP 4.3 previously to EGP 6.5 due to a Read More
Equity Research Alert on H1 2011 – Maintaining a HOLD on Ezz admin December 27, 2011 Ezz Steel reported a 24% y-o-y jump in revenues in H1 to EGP 9,334M, led by strong private residential construction activity despite the Read More
Equity Research Alert on FY 2010 – Fair Value on Ezz Steel admin September 5, 2011 We have updated our recommendation on Ezz Steel to a HOLD rating, with a fair value of EGP 9.50 per share presenting an Read More