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Research firm sets Domty’s FV at EGP 13.1/shr

Research firm sets Domty’s FV at EGP 13.1/shr
Domty’s profit margin is expected to reach 5% in Q1-19
Domty
DOMT
-1.80% 12.01 -0.22

Cairo – Mubasher: Pharos Research has set the fair value (FV) of Arabian Food Industries Co’s (Domty) stock at EGP 13.07 per share.

Domty’s profit margin is expected to reach 5% in the first quarter of 2019 as the price of its brand new product ‘Sandwich’ increased, the Cairo-based research firm said in a report.

Total revenue of the Egyptian dairy producer may surpass EGP 3 billion in 2019, Pharos highlighted.

Meanwhile, the company’s revenues are projected to rise by 12% to 13% year-on-year in Q1-19, the research firm added.

Domty has postponed the sale of a 5% stake aiming at boosting the stock’s liquidity, expecting its new bakery business to bolster the stock’s evaluation, according to the report.

In March, Domty reported an EGP 154.6 million in consolidated profit for the full-year 2018, versus EGP 61.52 million in 2017, including minority shareholders’ rights.

The company’s sales rose to EGP 2.58 billion last year, versus EGP 2.25 billion in 2017.