Cairo – Mubasher: Beltone financial said it raised its fair value for Alexandria Mineral Oils (AMOC) to EGP 98.77 per share, with buy recommendation.
Beltone raised AMOC’s fair value by 32.7% from the current price as it expects the government to raise the prices of petroleum products.
AMOC also expects the USD – EGP rate to reach 20 to 21 by the beginning of the new year.
