Cairo – Mubasher: Prime investment research initiated coverage of Emaar Misr for Development with ‘buy’ recommendation.
Meanwhile, the research unit set the company’s share fair value at EGP 3.94 per share.
The company’s current projects in North coast, Middle, and West Cairo, in addition to vast backlog of land plots enhance its plans and market position on the long term, noted Prime.
Notably, last November NBK Capital MENA Research also initiated coverage of Emaar Misr with ‘buy’ recommendation, while it set the company’s stocks fair value at EGP 3.9 per share.
