TheScreener - El Ezz Steel Rebars (ESRS) EZZ STEEL reduced its risk exposure resulting in an upgrade to Slightly Positive

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EZZ STEEL reduced its risk exposure resulting in an upgrade to Slightly Positive

EZZ STEEL (EG), a company active in the Steel industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date March 8, 2022, the closing price was EGP 14.61 and its potential was estimated at EGP 17.32.

09/03/2022 1 EN

Underlying

El Ezz Steel Rebars

AL Ezz Steel Rebars is an independent producer of steel in the Middle East and North Africa region which is based in Egypt. Co. produces long and flat products at its manufacturing facilities located in the port cities of Alexandria and Suez and in the Egyptian interior at Sadat City and 10th of Ramadan City and sells them to customers around the world. Co.'s long products consist principally of rebars and wire rods and are used for strengthening concrete in building and other construction applications. Co.'s flat products consist of hot rolled coil, which are thin gauge sheets manufactured to precise specification for makers of consumer goods and industrial products.

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EGS3C251C013 Egyptian Exchange Egypt

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EZZ STEEL reduced its risk exposure resulting in an upgrade to Slightly Positive

Empowering Investors

ESRS & IRAX 3Q21| Another strong quarter bolstered by robust prices

ESRS & IRAX 2Q21 – Soaring prices solidifies profitability

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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