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Al Ahly Pharos sets FV of MTI’s stock at EGP 9.18

Al Ahly Pharos sets FV of MTI’s stock at EGP 9.18

ArabFinance: Al Ahly Pharos Securities Brokerage Research has set the fair value (FV) of MM Group for Industry and International Trade (MTI) (MTIE) at EGP 9.18 per share, with an “Overweight” recommendation, the research firm revealed in an emailed report on April 11th.

It is worth noting that MTI recorded a consolidated net profit attributable to the parent company of EGP 368.23 million in 2021, slightly up from EGP 366.41 million in 2020.

Consolidated net sales amounted to EGP 9.003 billion last year, rising from EGP 8.68 billion a year earlier.

MTI is a company listed on the Egyptian Exchange (EGX) that operates in a wide range of businesses, including consumer electronics, telecommunication, automotive, seamless pipes, and tractors through partnerships with leading global brands including Samsung, Vodafone, Huawei, Range Rover, Jaguar, Maserati, Bentley, Carrier and Bosch.

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