​We update our fair value for Oriental weavers (ORWE.CA) to EGP 19.21/share with an “Accumulate†recommendation. This represents almost 90% increase in our fair value. We used an average WAAC of 14.17%, in addition we accounted for a 2% FX premium for the company’s implied positive FX exposure. We expect total sales volume to remain flat and revenue to surge in 2017. We expect a slim increase of 0.6% in total sales volume in 2017, as lower local sales volumes, will be offset by the higher exports, and total sales volume standing at 116mn SQM in 2017. Total sales revenues are expected to increase by 54.43% in 2017. We expect local sales volume to start recovering gradually starting 2018, on the back of an anticipated economic recovery, reaching 138mn sqm in 2021.
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:
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.