Connecting intelligence with intelligence

×
Advertisement

Jul 06 2011

MARKET TALK: HSBC Ups TMG, Sodic To Overweight; RE Situation Better

Wednesday, Jul 06, 2011

0945 GMT [Zawya Dow Jones]--HSBC upgrades TMG Group to overweight from neutral rating; raises its target price to EGP6.10 versus EGP3.60. Ups Sodic to overweight from neutral; hikes target to EGP85 versus EGP67. Keeps Palm Hills Development at neutral; ups target to EGP2.50 from EGP1.70. Notes Egypt real estate situation is not normal, but better. "Negative legal news mostly priced in - positive news starting to come through." Says a comprehensive legal solution is probable, and one-off solutions to individual cases also appear likely. (nikhil.lohade@dowjones.com)

Copyright (c) 2011 Dow Jones & Co.

(END) Dow Jones Newswires

06-07-11 0943GMT

Post Your Comment

Sending ...

Copyright © 2012 Zawya Ltd. All rights reserved.

provided by  www.zawya.com

Send This Article To Your Friends

All fields are required.

Use commas for multiple email addresses

We'll use your email address to send the article on your behalf and it will not be collected or used for any other purposes.

X