TheScreener - Orascom Development Egypt SAE (ORHD) ORASCOM DEVELOP increases its risk exposure and slightly lowers to Neutral

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ORASCOM DEVELOP increases its risk exposure and slightly lowers to Neutral

ORASCOM DEVELOP (EG), a company active in the Hotels industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 3 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date November 12, 2021, the closing price was EGP 5.60 and its expected value was estimated at EGP 5.14.

13/11/2021 6 EN

Underlying

Orascom Development Egypt SAE

Orascom Development Egypt SAE Formerly known as Orascom Hotels & Development. Orascom Hotels and Development SAE (OHD), a member of Orascom Group, is an Egypt-based company engaged in the hotel and tourism development sector. The Company focuses on developing a 3,356 million squire meter area for tourism purpose, and providing it with utilities and infrastructure to develop El Gouna area in Al Gardaqa, Red Sea Governorate, on the basis of 50% hotels and 50% tourist accommodations. The Company is active, along with its subsidiaries, in a range of sectors, including hotel, car rental, real estate and development, hospital, education, real estate mortgage, town management, leasing, agriculture, housing and tourism, among others. As of December 31, 2011, the Company's subsidiaries included, among others, Taba Heights Co., Orascom Limousine Co., Misr El Fayoum for Touristic Development Company SAE and El Gouna Hospital Company.

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EGS70321C012 Egyptian Exchange Egypt

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ORASCOM DEVELOP increases its risk exposure and slightly lowers to Neutral

Empowering Investors

Orascom Development Egypt: Sturdy Sales and Hotel Revenue; We Raise Our FV to EGP20.38/Share

Orascom Development Egypt: Management Meeting Key Takeaways

Orascom Development Egypt: 3Q22 | Solid Sales and Impressive Top and Bottom Lines

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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