reports
- Mariam Wael
Egypt (Pharos): Orascom Investment Holding – performance lacks clear...
OIH’s stock price performance continues to lack a clear strategic direction, or “value-accretive†acquisitions. Being 30% owned by OIH, SRWA will be a key value driver for OIH, on both the valuation and the profitability levels. We downgrade our FV to EGP0.45 from EGP0.66.
- Mariam Wael
Egypt (Pharos): Orascom Investment Holding – 2Q19 – Sequentially w...
Orascom Investment Holding (OIH) presented a sequentially weaker operating performance in 2Q19, showing revenues of EGP383.39 million, compared to EGP415.08 million in 2Q18; a decline of 7.6% YoY. Cables business (Pakistani Cable, Submarine fiber optic cable operator in Pakistan) was the largest contributor to revenues, with 47.8% in 2Q19, up from 39.3% of total revenues in 2Q18. Financial services segment (Beltone Financial Holding) was the second largest contributor to revenues, with 41.4% in ...
- Mariam Wael
Egypt (Pharos): Orascom Investment Holding – Stable Q1 performance, ...
OIH released stable Q1 19 results, showing revenues of EGP409mn, compared with EGP409.5mn in Q1 18. Its cables business was the largest contributor to revenue, contributing 52.4% in Q1 19, up from 43.7% of total revenues in Q1 18. The financial services segment was the second largest contributor at 35.4%, but down from 44.2% in Q1 18. Other non-core revenues recorded a steep decline of 90% yoy, dropping to EGP0.7mn in Q1 19, from EGP6.3mn in Q1 18. COGS came in at EGP170.0mn in Q1 19, from EGP17...
- Mariam Wael
Egypt (Pharos): Orascom Investment Holding – Acquiring Nile Sugar; p...
OIH announced board approval of the IFA valuation for Nile Sugar, which has set the fair value at EGP2.84/Nile Sugar share, setting the company's value at EGP3.76 billion and consequently approved a purchase price of EGP3.59 billion in addition to the settlement of a current shareholders loan amounting to EGP70.0 million.
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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