TheScreener - Six Of October Development Investment (OCDI) Increased risk weighs on SIX OF OCT.DEV. INV., penalising its rating down to Neutral

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EUR 13.69 For Business Accounts Only

Increased risk weighs on SIX OF OCT.DEV.& INV., penalising its rating down to Neutral

The independent financial analyst theScreener just lowered the general evaluation of SIX OF OCT.DEV.& INV. (EG), active in the Real Estate Holding & Development 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 February 18, 2022, the closing price was EGP 14.33 and its target price was estimated at EGP 12.44.

19/02/2022 1 EN

Underlying

Six Of October Development & Investment

Sixth of October Development and Investment Co SAE. Sixth of October Development and Investment Company SAE (SODIC) is an Egypt-based company engaged in real estate development projects and operations. The Company is specialized in lands acquisition and subdivision for the purpose of properties development, selling or leasing; construction and integrated construction activities and operations as well as other supplementary works; building, selling and leasing all various kinds of real estate properties; urban communities development; working in the field of tourist development and in all tourist establishments field including building , managing , selling or utilizing hotels, motels, restaurants and tourist villages, as well as sporting, entertainment, medical and educational buildings. The Company's subsidiaries include, among others, SODIC Real Estate Services Company, Sixth of October for Development & Real Estate Projects and Move-In for Advanced Contracting Co SAE.

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EGS65851C015 Egyptian Exchange Egypt

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Increased risk weighs on SIX OF OCT.DEV.& INV., penalising its rating down to Neutral

Empowering Investors

Orascom Development Holding AG - Company Profile and SWOT Analysis

SODIC: 2Q23| Strong Second Quarter, Making Up for the First

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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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