CI Capital maintains Buy recommendation for El Ezz Steel and Ezz El Dekheila
Monday, 12 Oct 2009
Arab Finance reported that CI capital maintained in a recent study, Strong Buy recommendation for both El Ezz Steel Rebars and Ezz El Dekheila with a Moderate Risk rating.
CI Capital stated that this recommendation after El Ezz Steel announcement that the ex factory prices of steel rebars for October’s contracts to be the same as last month at EGP 3,000 per tonne and the retail prices at EGP 3,130 per tonne.
CI Capital added that this estimation came in line with its expectations, adding that it is a reflection of Ezz Group’s policy to maintain its market share given the demand supply forces and the impact of the international steel prices.
