We maintain our ACCUMULATE rating on El Sewedy Electric, revising up our target price to EGP 46.23 per share on signs of improving operations and rebounding confidence in the Egyptian market. Although the ... read more
We revise up our target price on El Sewedy to EGP 37.71 per share, issuing an ACCUMULATE rating as the easing political and economic situations in Egypt continue to drive the equity market’s performance ... read more
El Sewedy reported a 6% y-o-y rise in Q3 revenues to EGP 3.5 billion as a result of a 10% increase in the wire and cables segment to EGP 2.8 billion on higher volumes and average selling prices. Moreover, ... read more
We value El Sewedy Electric at EGP 19.00 per share presenting a 9.13% premium over its recent closing price. This led us to maintain a HOLD recommendation driven by continued political uncertainty ... read more
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 a terminal growth rate of 3%. Trading at a sizeable price-to-earnings ratio of 37, we do ... 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 due to the sustained uncertainty surrounding Egypt. The electric equipment ... read more
We upgrade El Sewedy to an ACCUMULATE rating with Medium risk following the release of their H1 2012 results, raising the target price from EGP 24.0 previously to EGP 28.2 per share. This presents an ... read more
We expect demand in Egypt to remain weak in 2012, further dropping by 20% according to SE’s management, on limited public spending as the country struggles to establish a sound political frame. Operations ... 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
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
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