Equity Analysis /
Egypt

Palm Hills Developments: Palm Hills Developments Q2 18: Badya steals the show; Overweight

    Tellimer Research
    1 August 2018
    Published byTellimer Research
    We maintain our Overweight recommendation of PHDC based on our FV of EGP6.57/share which is mainly supported by the company’s development portfolio, the largest contributor to our FV of which is Badya (EGP1.43/share of our total FV).