Pre-Trading Thoughts

FAB’s NBO on HRHO| Due diligence will take about 60 days and may extend for an additional 60 days; EFG Hermes will hire an independent financial advisor to determine the fair value; FRA stated that the upcoming acquisition offer from First Abu Dhabi Bank will require submission to the authority’s board of directors for approval; At EGP19.00, HRHO's transaction implies 2022 c.10-11x P/E for 2022 and 1.1x P/B; Using the same transaction multiples to value stocks within the same sector, CICH’s c...