Cairo - Mubasher: Pharos Research set the fair value (FV) of Palm Hills Developments (PHD) at EGP 3.47, and maintained their overweight recommendation on the stock, according to a recent report.
The valuation does not take into account the recently acquired 190 feddans in West Cairo and the aforementioned co-development project in Alexandria, the statement indicated.
“We will include these two projects once detailed project metrics are released,” the research firm stated.
