Misr Beni Suef Cement’s FV estimated at EGP 15/share: Pharos
Updated 3/2/2021 2:08:00 PM
ArabFinance: Misr Beni Suef Cement Company (MBSC) recorded a net profit of EGP 76.38 million in 2020, compared to EGP 80.25 million in 2019.
Pharos Holding estimated the fair value (FV) of Misr Beni Suef Cement’s share at EGP 15 per each, with an overweight recommendation.
Established in 1997, MBSC operates within the materials sector focusing on construction materials.
MBSC is located in the center of Egypt, 190 km south of Cairo. It started production in 2003 with a plant of one cement production line. In 2006, the company built one new cement production line.
