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
Kindly find below a link to the contribution of Mr. Marwan Mikhael, head of research department at BLOMINVEST Bank, to the “Euromoney Handbooks” entitled “Lebanon 2011: bearish ... read more
Kindly find below a link to the article written by Mr. Marwan Mikhael, head of the research department at BLOMINVEST Bank, concerning the Lebanese economy: Global Banking and Financial Policy Review ... read more
We upgrads our rating on Solidere to an ACCUMULATE with a 6-month target price of USD 14.80. While 2011 presented a challenging year for Solidere, its revenues dropped less than our estimates and we are ... 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
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
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
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