Alex Cont
ALCN
ALCN
Alexandria Container and Cargo Handling Co. has denied any significant events impacting stock price.
The company said in its reply to the bourse inquiries that the P/E ratio reached 6.34x in 2012, 5.47x in 2013 and 5.90x in 2014. It added that the P/E ratio reached 9.64x on November 18.
The stock rose from EGP 161.51 on November 5 to EGP 195.9 on November 18.
Pharos Research set the fair value estimate at EGP 206.4 per share, and placed a ‘Buy’ recommendation on the stock.
The company said in its reply to the bourse inquiries that the P/E ratio reached 6.34x in 2012, 5.47x in 2013 and 5.90x in 2014. It added that the P/E ratio reached 9.64x on November 18.
The stock rose from EGP 161.51 on November 5 to EGP 195.9 on November 18.
Pharos Research set the fair value estimate at EGP 206.4 per share, and placed a ‘Buy’ recommendation on the stock.
Source:
Mubasher
