CIB
COMI
-0.64%
85.00
-0.55
COMI
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.
Source:
Mubasher Exclusive