reports
- Mohammed Magdy
Ezz Steel - PLACING EZZ UNDER STRESS TESTING, STILL SUPPORT NEW ERA EX...
​Ezz Steel, followed by the rest of the market, reduced its selling prices by EGP 400/ton last Thursday 16th Feb on the back of three main factors; 1- Local currency appreciation against USD in the past days, reaching EGP 16/USD. 2- Imported cheaper, Turkish and Ukrainian, billets and steel, dumping local market. 3- Local demand recession post floatation. This reduction, on the one hand, led to higher losses to merchants who bought steel pre price reduction and now have to sell this inventory ...
- Mohammed Magdy
Ezz Steel - Valuation Update
​We upgrade our fair value for Ezz Steel (ESRS.CA) to EGP 20.9/share from our previous fair value of EGP 9.2/share; with an upside potential of 55%, implying a Strong Buy recommendation. The considerable change in fair value and our new positive view for Ezz Steel comes on the back of what we stated pre flotation in our latest update issued in 29th of September 2016, as we stated “Although the significant upside potential, we advise short term traders to avoid the stock at the mean time… O...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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