We lower our target price on Holcim Liban (HL) to USD 14.62 from USD 15.10 previously. Holcim shares are yielding a very attractive 5%-7% in dividends but the political unrest sweeping the Arab World ... 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
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
Revenues at the cement producer reached USD 196 million in 2011, growing by 5.7% y-o-y, led by rising prices and slight growth in local demand. However, Holcim’s gross income declined by 4.5% to $65.9 ... read more
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
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
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
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