ADDOHA: Achievements below expectations
Following Addoha release of FY 2017 annual results, we consider it appropriate to highlight the key points. Enjoy reading Research Paper- Addoha 2017 Results
RDS : A disproportional decline of the stock
Following RDS release of FY 2017 annual results, we consider it appropriate to highlight the key points. Enjoy reading Research Paper- RDS 2017 Results
Mining Sector Outlook- Q3 2017
Dear readers; Please find attached our latest report – Mining Sector Outlook- Q3 2017. Mining Sector Outlook- Q3 2017
Cosumar- H1-2017 Results
Dear readers, Following the publication of Cosumar H1-2017 results, please find attached our analysis and investment opinion on the stock. Enjoy reading, Cosumar- H1-2017 Results
Auto Hall- H1-2017 Results
Dear readers, Following the publication of Auto Hall H1-2017 results, please find attached our analysis and investment opinion on the stock. Enjoy reading, Auto Hall – H1-2017 Results
Target stocks in H1 2017
As we approach the financial publications of listed companies for the H1-17, we recommend building-up a portfolio of stocks which will almost certainly out-perform the market forecast in terms of earning growth. We believe that the equity market will continue to attract cash inflows in a context where the bond market remains less attractive. Contrary…
SONASID- BUY Recommendation
Dear readers, Please find our latest report concerning Sonasid stock. Enjoy reading, Sonasid-What you need to know
Managem- Towards a new size
Following the Managem capital increase, we have analyzed the new growth plan of the mining operator. At the end of this exercise, we recommend subscribing to the current operation with a stock target price of MAD 1,600. Furthermore, we believe that Managem has considerable “upsides” over the period of 2017e-2020e, both in terms of internal mining projects and acquisition…
2017, the suitable year for equity investment
The main learning which can be drawn from year 2016 is the importance of not being dominated by “neutrality” towards the Equity market. Indeed, the Moroccan stock market was particularly persistent during its recovery launched in January 2016, with a solid year to date performance of 24.0%. During this year end, we are witnessing…
Addoha Group: The positive impact of deleveraging
The achievements of Addoha Group for Q3-2016 confirm our positive opinion on the real estate sector in general and on Addoha stock in particular. To this end, we reiterate our BUY investment opinion with a target price of MAD 52.0, i.e. an upside potential of 37.0% for the coming months. addoha-buy-recommendation