2014-04-Lebanese versus U.S. interest rates – a decade in reviewRead More
Equity Research
Alert on FY 2013 – Downgrading Global Telecom to a REDUCE on macro and regulatory concerns
We revise down our target price on Global Telecom to EGP 4.20 from a previous EGP 5.18, updating our recommendation to REDUCE in the Read More
Oil is no longer the world’s most valuable commodity, water snatched the title. Numerous statements were recently published explaining that one Read More
Equity Research
Alert on FY 2013 – Maintaining a favorable rating on Talaat Moustafa on clearer political environment
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 Read More
Despite a strategic location in the Middle East and accustomed free trades, circumstances remain against Lebanon becoming the region’s hub in Read More
Equity Research
Alert on Q3 2013 – Maintaining an ACCUMULATE on Ezz Steel on easing macroeconomic and political risks
We maintain an ACCUMULATE rating on Ezz steel, revising our target price up to EGP 19.78 per share on easing levels of political Read More
Equity Research
Alert on H1 2013 – Target price lowered on Holcim following persistent political tensions
We lower our target price on Holcim Liban (HL) to USD 14.62 from USD 15.10 previously. Holcim shares are yielding a very attractive 5%-7% Read More
The combination of a worsening situation in Syria, an internal instability and a political deadlock had their toll on the performance of Read More
Oil exporters’ countries in the MENA region remain on a different economic scale from their neighboring oil importers; however, their political agendas Read More
Real estate demand mainly faltered in 2013 as the economy remained under stress coupled with the fragile internal situation and the ongoing Syrian Read More
