Sigma Capital sets South Valley Cement’s fair value at LE6.44 /share
Updated 12/1/2016 3:01:54 PM
Arab Finance: Sigma Capital commented on the results of cement licenses, that were awarded by three-company; Swedy Cement, South Valley Cement Company (SVCE) and Egyptian for Cement.
Sigma added, in its research note, that the expansion of South Valley will boost the company’s fair value to LE6.44 per share, as the new cement line will be operated with an initial capacity of 1.5 million tons by 2019, with operation rate represented 90% by 2020.
It is worth mentioning, Swedy Cement will establish its new plant in Ain Soukhna, while South valley’s new plant will be located in Beni Suef, and Egyptian for Cement will execute its plant in Souhag.
Related: South valley cement wins LE160.3m cement license
Research units revaluate listed cement firms after EGP liberalization
