We maintain our HOLD rating on Yamama with a higher target price of SAR 63.18 per share on positive reform in the Saudi equity market. Yamama’s shares price tracked the uptrend in the Saudi stock market, ... read more
With the beginning of 2014, activity in the Lebanese real estate market got little breathing space despite the escalating challenges that were undergoing in Lebanon and the region. Investors revealed ... read more
More than a year after its creation, BLOM Lebanon Purchasing Manager’s Index TM (PMI) is still providing relevant early insights about the private sector’s monthly performance, hence the Lebanese economic ... read more
Following the security breaks in the second half of June, the Lebanese private economy contracted at a faster pace as companies’ output and new orders declined. BLOM PMI thus scored 47.9 points in July, ... read more
As stated in the latest released figures by the Association of Car Importers in Lebanon (AIA), by the end of the fifth month of 2014 a rise in the registration of new passenger and commercial cars by 2.13% ... read more
In an era of unprecedented technology evolution, mobile technologies are gaining the spotlight. Shopping at ease, getting medical assistance, settling bank bills, streaming a movie or receiving breaking ... read more
We lower our target price on Holcim Liban (HL) to USD 15.10 from USD 15.21 previously, maintaining a HOLD recommendation. HL appears to be undervalued with a price-to-earnings ratio of 13.62 compared to ... read more
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
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