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Arabian Cement: EGYPT CEMENT SECTOR: 2Q18 wrap – negative developments overly discounted

    Tellimer Research
    13 August 2018
    Published byTellimer Research
    While we remain bearish on the cement sector in Egypt given 1) widening supply/demand gap, 2) significant volatility in cement prices, 3) depressed margins over the coming 12 months, we believe share prices are overly discounting negative sector developments.