ORAS - Valuation Update
​We upgraded our fair value for Orascom Construction (ORAS.CA) to USD 7.02/share (EGP 119.36/share) with a “BUY†rating; and an upside potential of 18.6% (for the EGP value). This upgrade came on the back of recovery from the one off loss in 2015 and the steady performance in the MENA operations in 9M2016. We took into account the effect of the floatation of the EGP, which will have a significant effect on the company’s operations which would start showing in 4Q2016 financials.
Since its founding in 1992 as a privatization consulting office to the government of Egypt, Prime has successfully reinvented itself as a regional investment bank with a presence in major Arab markets. We provide innovative and outstanding financial services to corporations, institutions, governments, and individuals, using the breadth of our expertise to enable them to reach their objectives.
Over the years, we have refocused our business and our people while extending our geographical reach and strengthening our technological capabilities.
Today, Prime is:
- A competitive leader in the region
- Focused on both clients and products
- Led by pioneers who see change as an opportunity that constructively challenges the status quo
- Driven by a fearless and unconditional commitment to delivery and performance
- Supported by a culture that emphasizes teamwork and a sense of urgency
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