Equity Analysis /
Egypt

Dice Sport & Casual Wear: Initiation of Coverage – Recovery is key; Equalweight on FV of EGP1.45

  • Financial performance to gradually recover during 2021e–2025f

  • Export rebates account for 80% of valuation

  • Cheaper than global peers; expensive for local market conditions

Merna Arafat
Al Ahly Pharos Securities Brokerage
8 September 2021