NEWS

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HC Stated That TMGH Comes on Top of The Egyptian Real-Estate Companies

December 7th, 2009 HC preferred exposure is Cairo as it is best placed to benefit from underway sector transformation. Further structural reforms key to unlock long-term potential of the sector. TMG is HC’s top pick on EGP28bn backlog, exposure to Cairo, and hospitality business. Egyptian property sector is undergoing a transformation driven by new integrated...

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Sector Report ــ Abu Dhabi Real Estate

December 3th, 2009 In the Money — Liquidity concerns overstated, particularly in the case of Abu Dhabi (AD), given strong government support and solid fundamentals. HC sees recent sell off as a bargain buying opportunity Its preferred exposure is Aldar, largely on valuation (trading at 0.75x BV and 0.3x NAV vs. Sorouh at 1.0x BV...

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Risk of Dubai Debt Default Overstated

December 1st, 2009 The announcement on November 25th that Dubai World, Dubai’s flagship holding company, was going to ask all its creditors and those of its large scale developer Nakheel to stand still and extend debt maturities for six months until 30 May 2010, as the company undergoes restructuring (Nakheel has a USD3.5 billion bond...

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HC Brokerage Penetrates the Retail Sector through its Online Trading Service

October 25th, 2009 – As part of HC Brokerage’s (HCB) expansion plan into the retail market segment, the company was recently granted the Online Trading License and Mr. Mohammed Kish, who recently joined HCB, will act the Executive Director for this newly added service. Mr. Kishk previously held several leading positions including the post of Regional...

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Investing in Securities Yields Higher Returns Despite Carrying Higher Risks

October 14th,  2009 HC Securities and Investment held a workshop for a number of field experts and media personnel titled, “Investing in Securities Yields Higher Returns Despite Carrying Higher Risks” with the objective of identifying investment alternatives available in the market, their growth rates and their associated risks. Key factors affecting investment decisions were also discussed....

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HC Securities & Investment Achieved a Net Profit of EGP 13.5 Million

August 18th, 2009 – Despite repercussions of the economic crisis and its impact on the performance of companies operating in the capital market, HC Securities & Investment’s total revenue of activity during the first half of 2009 mounted to EGP 61 million, achieving a net profit of EGP 13,5 million, and shareholders equity stood at EGP...

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HC Monitors Performance of Its Seven Mutual Funds – Growth Rates of Most Funds Exceed 21% in Seven Months, Considerable Increase in Prices of Certificates

July 31st, 2009 – This July, the seven mutual funds managed by HC achieved high growth rates. The funds continued their superior performance, maintained their targeted growth rates, and achieved rewarding returns to certificate holders. The latest report by HC indicated considerable increase in the returns of the seven funds as well as continuous rise in...

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HC Acted as The Sole Financial Advisor to Almarai

June 11th, 2009 – Almarai, the leading GCC dairy and juice producer, announced today that it has acquired the International Company for Agro-Industrial Projects, known as “Beyti” for a total consideration of EGP 645 million. Beyti is a producer and distributor for a wide variety of dairy products owning a production facility located on the Cairo...