Hermes Financial recommends “Buy” on 3 key Kuwaiti firms

Hermes Financial recommends “Buy” on 3 key Kuwaiti firms
The target price of Human Soft was set at KWD 6
HUMANSOFT HUMANSOFT -0.06% 3,298.00 -2.00
NBK NBK 0.12% 830.00 1.00
Zain ZAIN 1.26% 482.00 6.00

Mubasher: Hermes Financial Group has recommended investors to perform purchasing transactions on three leading stocks listed on Boursa Kuwait.

The stocks are the National Bank of Kuwait (NBK), Zain, and Human Soft, according to a recent report.

Hermes Financial said that the fair value (FV) of the NBK is 900 fils, and classified the bank among the best 20 stocks in the Middle East and North Africa (MENA) region.

Meanwhile, Hermes Financial recommended “Buy” on Zain with a target price of 500 fils.

The target price of Human Soft was set at KWD 6 as the company enjoys solid operating profile.

Hermes Financial advised investors to raise their share in the Kuwaiti stocks, the report added.

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Source: Mubasher

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