Cairo – Mubasher: MubasherTrade Research (MTR) set the fair value (FV) for Cleopatra Hospital's share at EGP 10.11, up 12% from the EGP 9, the initial public offer (IPO) price, according a note released Sunday.
Cleopatra Hospital Company is offering 40 million ordinary shares, representing 25% of the company's total shares and the IPO price is set at EGP9.00 per share.
"We note that while [Cleopatra Hospital] is considered an attractive investment opportunity given its strong business profile, we refer to our positive view on Nozha International Hospital, which trades today at a 60% discount to [Cleopatra Hospital's] implied PER based on its offer price," the note added.
