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
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 lower our target price on SODIC to EGP 18.48 per share from EGP 23.32 previously as Q1 results missed expectations. We maintain our ACCUMULATE rating despite the recent slump in share price as ... read more
Talaat Moustafa released its financials for the first quarter of 2013, recording a 17% y-o-y increase in revenues to EGP 1,522 million, in line with our estimates. This is mainly led by a 15% growth in ... read more
We revised our target price on SODIC to EGP 23.32 per share, maintaining an ACCUMULATE rating after incorporating the Eastown land in our valuation. Although 2012 was a record year strengthened with an ... read more
We update our target price on Talaat Moustafa (TMG) to EGP 4.40 per share after taking into account Egypt’s shaky economic and political conditions. We believe that TMG’s share price will remain news-flow ... read more
We initiate coverage on Talaat Moustafa,the largest real estate developer in Egypt, with a HOLD Rating and a target price of EGP 4.77 per share. Click below for the full initiation report: Talaat Moustafa ... read more
We have initiated coverage on SODIC, an Egyptian real estate developer, with an ACCUMULATE rating and a fair value of EGP 27.00 per share presenting a 17.4% premium over its recent closing price. Egyptian ... 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
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
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