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Prime sets CIB fair value at EGP55.2/shr

Prime sets CIB fair value at EGP55.2/shr
Photo Credit: Arabianeye-Reuters
CIB
COMI
-5.01% 73.11 -3.86

Prime investment research firm said it set its Fair Value -FV for Commercial International bank - CIB at EGP55.2 per share, with Hold recommendation.

 

The research firm noted that its evaluation is based on discount cash flow model, where the stock has risk-free rate of 9.82% and interest rate risk of 6%.

 

CIB has achieved EGP3.7 billion net profit for 2014, with growth of 23.3% from EGP3.7 billion ($393 million) for the previous year.