HSBC has maintained its target price estimate for EFG-Hermes Holding at EGP 17.30, with a Neutral recommendation.
The investment group is expected to post a profit rise 2014 to EGP 639 million in 2014, then to EGP 682 million in 2015 and EGP 788 million in 2016, the bank said.
EFG had posted EGP 100 million consolidated profit in the third quarter.
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