reports
- Ali Afifi
ABU QIR FERTILIZERS - VALUATION UPDATE
​We upgraded our fair value for Abu Qir Fertilizers (ABUK) by 29.5% from EGP 114.94/share to EGP 148.90/share following the latest changes in the industry which had a significant effect on the company’s valuation. We assign an “BUY†rating for the stock; with an upside potential of 15.9%. Following the floatation, which took place back in November, significant changes took place affecting the industry significantly making fertilizers an attractive sector with huge room for growth.
- Ali Afifi
ABU QIR FERTILIZERS - RE-INITATION OF COVERAGE
​Market leader in the nitrogenous fertilizers industry in Egypt controlling 70% of total market supply: The company is 85% owned by the government as it was established by the government in 1976 to supply the Egyptian agriculture sector with the required fertilizers. Abu Qir 1 was the first plant and was established in 1976 to produce prilled urea Abu Qir Fertilizers remains the largest producer of nitrogenous fertilizers in Egypt supplying various products, including granulated urea, prilled ...
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