Total real estate transactions inched up by a yearly 4.06% during the first three quarters of 2014, to reach 51,901 transactions. Total value of property sales transactions surged by 10.49% year-on-year ... read more
We maintain our target price for Solidere at USD 13.31 following the release of their H1 results as our previous estimates met the company’s performance for the period. However, we believe this price will ... read more
We maintain our ACCUMULATE rating on TMG, revising up our target price to EGP 12.48 per share on promising outlook following robust off-plan sales, high deliveries, enhanced earnings visibility and healthy ... read more
We raise our target price on SODIC to EGP 53.45 per share, maintaining our ACCUMULATE rating as land replenishment may lead the way to stronger growth potential. We believe the resolution of all legal ... read more
With the beginning of 2014, activity in the Lebanese real estate market got little breathing space despite the escalating challenges that were undergoing in Lebanon and the region. Investors revealed ... read more
We raise our target price on SODIC to EGP 34.82 per share, maintaining our ACCUMULATE rating on clearer political and legal pictures. We believe the resolution of all legal disputes in addition to the ... read more
We maintain an ACCUMULATE rating on TMG, revising our target price up to EGP 10.07 per share from EGP 9.17 per share previously. Our favorable rating is supported by the recovering economic conditions ... read more
We revise our target price on Talaat Moustafa up to EGP 9.17 per share from EGP 6.18 per share previously after it was reached during December 2013 and continues to surge. Our favorable rating is supported ... read more
We raise our target price on SODIC to EGP 26.80 per share, maintaining an ACCUMULATE rating. Despite the challenging macro and political environment faced in 2013, SODIC’s long-term business fundamentals ... read more
We revise our target price on TMG up to EGP 6.18 per share, representing an upside potential of 10.2% over the recent closing price leading us to issue an ACCUMULATE rating. TMG stock rallied by more than ... read more
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