Holcim Liban (HL) seems to have unexpectedly shielded its grey cement operations from the slowdown in the Lebanese real estate sector, as its unconsolidated net sales grew by 4.7% y-o-y in the first half ... read more
We maintain our fair value for SE at EGP 32.40 per share after accounting for the recent 30% stock dividend distribution at a ratio of three bonus shares for every ten shares held. This fair value is in ... read more
We have updated our recommendation on Ezz Steel to a HOLD rating, with a fair value of EGP 9.50 per share presenting an upside of 8% over its closing price on September 5, 2011. Slower construction ... read more
Solidere’s revenues reached a new high of USD 382 million, rising 14% due to growth in land sales and higher rentals. Earnings registered a mild growth of 3.7% reaching 196 million but we expect net ... read more
Revenues at Holcim Liban have reached a new high of USD 227 million, growing 9.8% due to increasing local demand. This is aligned with our estimates of USD 216 million. As for earnings, Net Income showed a ... read more
Blominvest initiates coverage on El Sewedy Electric with a HOLD recommendation and a fair value of EGP 42.23 per share. Such a valuation presents an 11% upside over the stock’s recent closing price of EGP ... read more
We downgrade our fair value on EZZ Steel to 14.22 with a SELL recommendation on weaker sales outlook and additional discount rate premium. Click below for the full report: Ezz Steel Rating Update read more
Blominvest initiates coverage on Ezz Steel, with a HOLD recommendation and a fair value of EGP 22.40 per share. While such a valuation presents a 16% upside over the stock’s recent closing price of EGP ... read more
As part of Blominvest Bank’s series of local and regional equity research coverage, the investment bank has initiated coverage on HOLCIM Liban (HOLC) with a HOLD recommendation and a fair value of USD ... read more
Blominvest initiates coverage on Solidere (SOLA.BY) with a BUY Recommendation and a Fair Value of USD 31.00 per share. This presents a 36% potential upside from its closing price of USD 22.88 per share on ... read more
Kindly find below a link to the article written by Mr. Marwan Mikhael, head of research department at BLOMINVEST Bank, for Executive Magazine about Lebanon’s standing amid 2008 financial crisis: ... read more
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