The gap further widened between oil importers and oil exporters in the Middle East during the third quarter of 2013. The formers’ economies suffered from political turbulences with deteriorating resources ... read more
We maintain a HOLD rating on Solidere with a 6-month target price of USD 13.31, a 4.1% premium over today’s closing price of USD 12.79. Solidere’s revenues came in at USD 155 million in 2013, up from ... 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
Following the release of Solidere’s 2012 results, Blominvest Bank has issued its update on the Lebanese real estate company downgrading its rating to a HOLD with a 6-month target price of $11.80. ... 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
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
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