PLEASE LOG IN TO ACCESS CLIENT-ONLY FEATURES.

USERNAME

PASSWORD

Remember Me

CREATE AN ACCOUNT FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

USERNAME OR EMAIL

AAH, WAIT, I REMEMBER NOW!

CREATE ACCOUNT

USERNAME

EMAIL

PASSWORD

CONFIRM PASSWORD

ALREADY HAVE AN ACCOUNT?

For inquiries please call +202 3535 7555

LOGIN

COVERAGE
PUBLICATIONS
FEATURED
CALENDAR
ANALYSTS
ABOUT

SIDPEC (SKPC EY): Cost inflation weighs on valuation | Neutral, TP EGP26.0

by Mariam Ramadan / Wednesday, 19 September 2018 / Published in Reports, SKPC

PLEASE Log In TO ACCESS CLIENT-ONLY CONTENT.
Don't have an account? Sign Up

About Mariam Ramadan

What you can read next

Arabian Cement (ARCC EY): Export competitiveness restored | Neutral, TP EGP9.55

Oriental Weavers (ORWE EY): Valuation compelling as ROIC expands | Overweight, TP EGP21.9

Juhayna Food Industries (JUFO EY): Still attractive despite earnings cut | Overweight, TP EGP14.0

The contents of this website, including any documents, tables, charts, visuals, images, and/or related download links, was issued by HC Brokerage, which is an affiliate of HC Securities & Investment (referred to herein as “HC”) – a full-fledged investment bank providing investment banking, asset management, securities brokerage, research, and custody services. The information used to produce this website and any affiliated documents or publications is based on sources that HC believes to be reliable and accurate. This information has not been independently verified and may be condensed or incomplete. HC does not make any guarantee, representation, or warranty and accepts no responsibility or liability for the accuracy and completeness of such information. Expression of opinion contained herein is based on certain assumptions and the use of specific financial techniques that reflect the personal opinion of the authors of the commentary and is subject to change without notice. The information in these materials reflects HC’s equity rating on a particular stock. HC, its affiliates, and/or their employees may publish or otherwise express other viewpoints or trading strategies that may conflict with the views included in this report. Please be aware that HC and/or its affiliates, and the investment funds and managed accounts they manage, may take positions contrary to the included equity rating. This material is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy. Ratings and general guidance are not personal recommendations for any particular investor or client and do not take into account the financial, investment, or other objectives or needs of, and may not be suitable for, any particular investor or client. Investors and clients should consider this only a single factor in making their investment decision while taking into account the current market environment. Foreign currency denominated securities are subject to fluctuations in exchange rates, which could have an adverse effect on the value or price of, or income derived from, the investment. Investors in securities such as ADRs, the values of which are influenced by foreign currencies, effectively assume currency risk. Neither HC nor any officer or employee of HC accepts liability for any direct, indirect, or consequential damages or losses arising from any use of this report or its contents. HC is not a market maker in the securities of the subject company. HC, its affiliates, and/or directors and employees may own or have positions in and effect transactions of companies mentioned in this document. HC and its affiliates may also seek to perform or have performed investment banking services for companies mentioned in this memorandum. No part or excerpt of this website or any affiliated content may be redistributed, reproduced, or conveyed in any form, written or oral, to any third party without prior written consent of HC. By accessing this website, you have agreed to allow HC to monitor your activity only on this website after logging in with your account credentials. You may not share your login credentials to this website with any other party. The information within this website, including any internal and external hyperlinks, must not be disclosed to any other person until HC has made its information publicly available. By accessing this website, you have agreed to all terms and conditions, which are subject to change without notice. Failure to comply will result in termination of your login credentials and access to this website.

For US persons only: This website was prepared, approved, published, and distributed by HC Brokerage located outside of the United States (a “non-US Group Company”). This website is available in the US by LXM LLP USA, a US registered broker dealer, on behalf of HC Brokerage only to major US institutional investors (as defined in Rule 15a-6 under the US Securities Exchange Act of 1934 (the “Exchange Act”)) pursuant to the exemption in Rule 15a-6 and any transaction effected by a US customer in the securities described in this report must be effected through LXM LLP USA. Neither the website nor any analyst who prepared or approved the contents on this website are subject to US legal requirements or the Financial Industry Regulatory Authority, Inc. (“FINRA”) or other regulatory requirements pertaining to research reports or research analysts. No non-US Group Company is registered as a broker-dealer under the Exchange Act or is a member of the Financial Industry Regulatory Authority, Inc. or any other US self-regulatory organization. ANALYST CERTIFICATION Each of the analysts identified in this website certifies, with respect to the companies or securities that the individual analyses, that (1) the views expressed in this website reflect his or her personal views about all of the subject companies and securities and (2) no part of his or her compensation was, is or will be directly or indirectly dependent on the specific recommendations or views expressed on this website. Please bear in mind that (i) HC Brokerage is the employer of the research analyst(s) responsible for the content of this website and (ii) research analysts preparing this website are resident outside the United States and are not associated persons of any US regulated broker-dealer and that therefore the analyst(s) is/are not subject to supervision by a US broker-dealer, and are not required to satisfy the regulatory licensing requirements of FINRA or required to otherwise comply with US rules or regulations regarding, among other things, communications with a subject company, public appearances and trading securities held by a research analyst account. IMPORTANT US REGULATORY DISCLOSURES ON SUBJECT COMPANIES This material was produced by HC Brokerage solely for information purposes and for the use of the recipient. It is not to be reproduced under any circumstances and is not to be copied or made available to any person other than the recipient. It is distributed in the United States of America by LXM LLP USA and elsewhere in the world by HC Brokerage or an authorized affiliate of HC Brokerage. This website and its contents do not constitute an offer of, or an invitation by or on behalf of HC Brokerage or its affiliates or any other company to any person, to buy or sell any security. The information contained herein has been obtained from published information and other sources, which HC Brokerage. or its Affiliates consider to be reliable. None of HC Brokerage accepts any liability or responsibility whatsoever for the accuracy or completeness of any such information. All estimates, expressions of opinion and other subjective judgments contained herein are made as of the date of this website and its contents. Emerging securities markets may be subject to risks significantly higher than more established markets. In particular, the political and economic environment, company practices and market prices and volumes may be subject to significant variations. The ability to assess such risks may also be limited due to significantly lower information quantity and quality. By accepting this document, you agree to be bound by all the foregoing provisions. LXM LLP USA assumes responsibility for the research report content on this website in regards to research distributed in the US. LXM LLP USA or its affiliates has not managed or co-managed a public offering of securities for the subject company in the past 12 months, has not received compensation for investment banking services from the subject company in the past 12 months, does not expect to receive and does not intend to seek compensation for investment banking services from the subject company in the next 3 months. LXM LLP USA has never owned any class of equity securities of the subject company. There are not any other actual, material conflicts of interest of LXM LLP USA at the time of the publication of this research report. As of the publication of this report LXM LLP USA, does not make a market in the subject securities.

© 2017 HC SECURITIES & INVESTMENT ALL RIGHTS RESERVED (other corporate logos are copyright their respective copyright holders)

TOP