Lebanon’s political stalemate, security uprisings and external headwinds from the Syrian war kept on clouding the bonds market performance in 2013. Besides Read More
This report contains the third public release of data collected from the new monthly survey of business conditions in the Lebanese private Read More
Equity Research
Alert on Q2 2013 – Upgrading Ezz Steel to ACCUMULATE on recovering operational performance
We raise our target price on Ezz Steel to EGP 18.38 per share, upgrading our recommendation to ACCUMULATE on the back of recovering Read More
Equity Research
Alert on Q3 2013 – Downgrading El Sewedy to REDUCE as rise in earnings doesn’t justify surge in price
El Sewedy reported a 6% y-o-y rise in Q3 revenues to EGP 3.5 billion as a result of a 10% increase in the wire and Read More
Equity Research
Blominvest initiates coverage on Global Telecom Holding with an ACCUMULATE rating and a target price of EGP 5.18 per share
We initiate coverage on Global Telecom Holding, an Egyptian mobile telecommunications company, with an ACCUMULATE rating and a target price of EGP 5.18 Read More
This report contains the second public release of data collected from the new monthly survey of business conditions in the Lebanese private Read More
The gap further widened between oil importers and oil exporters in the Middle East during the third quarter of 2013. The formers’ economies Read More
Equity Research
Alert on Q3 2013 – Issuing an ACCUMULATE on TMG on easing legal and political tensions
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 Read More
This report contains the first public release of data collected from the new monthly survey of business conditions in the Lebanese private Read More
Equity Research
Alert on Q1 2013 – Maintaining a HOLD on Ezz Steel as the cloud of political uncertainty continues to hover over Egyptian equities
We revise our target price on Ezz Steel up to EGP 12.07 per share from EGP 10.27 per share previously, using a WACC of 20% Read More
