Lebanon’s private sector economy continued to contract in June, but the rate of decline eased considerably and was only marginal. The Read More
Equity Research
Alert Q1 2014 – Maintaining an ACCUMULATE on SODIC on positive future growth prospects
We raise our target price on SODIC to EGP 34.82 per share, maintaining our ACCUMULATE rating on clearer political and legal pictures. We Read More
Combining agricultural and industrial techniques, agro-industry in Lebanon is a developed sector with promising outlooks. Despite its several competitive advantages, the sub-sector, Read More
Kafalat issued 85 guarantees in May 2014, a 28.79% increase from the 66 guarantees in May 2013, where total value of loans recorded a 12.62% year-on-year gain to $9.90Read More
Equity Research
Alert on Q1 2014 – Maintaining an ACCUMULATE on Talaat Moustafa as the new political climate may usher a brighter economic picture
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 Read More
2014-06-The Lebanese Agricultural Sector in 2013- Minor but Steady Steps to RecoveryRead More
After a short breath in April, the private sector’s economy lost momentum in May on the back of political and social Read More
2013 was one of the most challenging years of the Lebanese cement industry’s 80-Year of history. Domestically, numerous gridlocks painted the political Read More
As discussions on approving the wage scale are ongoing, however in their final stages, it is important to shed the light on Read More
Equity Research
Alert on FY 2013 – Issuing an ACCUMULATE on El Sewedy on easing political and economic conditions
We revise up our target price on El Sewedy to EGP 37.71 per share, issuing an ACCUMULATE rating as the easing political and Read More
