Earnings Report /
Egypt

MM Group: Blurred Outlook for 2022 on Macro Uncertainties, Downgrade FV to EGP5.00/share

  • Import restrictions pressure sales performance

  • Profitability hindered by weak sales performance and FX losses

  • Blurred outlook for 2022 on macro uncertainties; Downgrade FV to EGP5.00 per share

Mariam Wael
Mariam Wael

Associate

Al Ahly Pharos Securities Brokerage
30 May 2022

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