Air Arabia
AIRARABIA
0.38%
2.67
0.01
AIRARABIA
FGB
FGB
-0.39%
12.90
-0.05
FGB
EFG Hermes has set the fair value (FV) for the UAE’s Air Arabia and First Gulf Bank (FGB). Dubai-listed Air Arabia FV was set at AED 1.95, with the recommendation “Buy”.
The share currently trades at AED 1.300, meaning that the current share price is 33.33% below its market price. Air Arabia market capitalisation amounts to $1.551 million.
The financial group also set the FV for Abu Dhabi-listed FGB at AED 17.40 with the recommendation “Buy”. Considered one of the largest banks by market capitalisation in the UAE, FGB’s market cap amounts to $18.50 million.
The share end Sunday at a 1.15% decline to AED 17.20.
The share currently trades at AED 1.300, meaning that the current share price is 33.33% below its market price. Air Arabia market capitalisation amounts to $1.551 million.
The financial group also set the FV for Abu Dhabi-listed FGB at AED 17.40 with the recommendation “Buy”. Considered one of the largest banks by market capitalisation in the UAE, FGB’s market cap amounts to $18.50 million.
The share end Sunday at a 1.15% decline to AED 17.20.
Source:
Mubasher Exclusive