Equity Analysis /

Oriental Weavers: Valuation update – Recovery unlocks value despite higher polypropylene prices

Upgrade FV to 8.75 and recommendation to Overweight
Demand recovery supports export segment revenues and, to a lesser extent, local segment revenues
Export rebates constitute a significant portion of our valuation

Martina Bernaba

Equity Research Analyst @ Al Ahly Pharos Securities Brokerage

27 May 2021

Published byAl Ahly Pharos Securities Brokerage

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