TheScreener - Cairo Investment Real Estate Development (CIRA) Increased risk weighs on CAIRO INV. RLST.DEV., penalising its rating down to Neutral

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Increased risk weighs on CAIRO INV.& RLST.DEV., penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of CAIRO INV.& RLST.DEV. (EG), active in the Personal Products & Services industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as moderately risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Neutral. As of the analysis date March 29, 2022, the closing price was EGP 10.39 and its target price was estimated at EGP 9.50.

30/03/2022 1 EN

Underlying

Cairo Investment & Real Estate Development

Cairo for Investment and Real Estate Development SAE (CIRD) is an Egypt-based company engaged in the investment in diversified sectors, including education, construction & real estate, health care, Information technology and support services. The Company is specialized in constructing, furnishing and managing educational facilities, medical facilities and residential units, as well as trading and supplying medical equipments for hospitals and oil fields service equipments. The Company has 19 schools, seven directly owned and 11 schools indirectly through majority ownership of other companies. The Company's subsidiaries include, among others, Othman bin Affan School, Al Umam wa Al Mustaqbil Company, International Information Technology Company, International Health Care Company and Cairo Educational Services Company.

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EGS65541C012 Egyptian Exchange Egypt

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Increased risk weighs on CAIRO INV.& RLST.DEV., penalising its rating down to Neutral

Empowering Investors

Cairo Investment and Real Estate Development: 9M22/23 – Higher opex and interest rates pressure margins and bottom line

Cairo Investment and Real Estate Development: Assiut Boosts Topline; Rising Interest Expense Pressures Bottomline

Cairo Investment and Real Estate Development: 9M21/22 – Topline continues its green path; heightening expenses pressure profit

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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