TheScreener - MM Group Industrial International Trade (MTIE.CA) Increased risk weighs on MM GROUP FOR IND, penalising its rating down to Slightly Negative

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Increased risk weighs on MM GROUP FOR IND, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of MM GROUP FOR IND (EG), active in the Industrial Machinery industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date February 15, 2022, the closing price was EGP 6.45 and its target price was estimated at EGP 5.53.

16/02/2022 1 EN

Underlying

MM Group Industrial & International Trade

MM Group for Industry and International Trade SAE is an Egypt-based company, which operates in the consumer electronics distribution and retail segment. The Company operates through five divisions: Automotive, which provides vehicle brands such as Land Rover, Jaguar, Maserati, Bentley and Ducati; Consumer electronics division includes distribution of mobile phones, televisions and air conditioners; Telecom business includes the operation of Vodafone branded retail franchises and distribution of mobile services and accessories to individual and business customers, including pre-paid and post-paid, e-top-up terminals, Vodafone-branded and non-branded mobile devices and accessories; Tractors division is engaged in the assembly and distribution of agricultural tractors, namely Belarus, as well as Supply of seamless steel pipes in Egypt.

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EGS75011C014 Egyptian Exchange Egypt

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Increased risk weighs on MM GROUP FOR IND, penalising its rating down to Slightly Negative

Empowering Investors

MM Group: Blurred Outlook for 2022 on Macro Uncertainties, Downgrade FV to EGP5.00/share

MTIE: Management Webinar Key Takeaways

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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