Cairo - Mubasher: Pharos Research has maintained its “Overweight” recommendation on the stock of Palm Hills Developments (PHD) with a fair value (FV) evaluation of EGP 5.60 per share.
The recommendation is mainly supported by the company’s West Cairo development portfolio, according to a research note issued on Thursday.
Palm Hills Developments reported an annual increase in sales by 20.7% the first nine months of 2018 with a total value of EGP 9.8 billion.
