The Egyptian Company for Mobile Services—
Mobinil
Surrendering Margins To Competition
Target Price Market Price Investment Grade
LE188 LE196 Value
Recommendation
Hold
Upside Potential
-4.
08%
Please refer to disclaimer on last page
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The Egyptian Company for Mobile Services—
Mobinil
Surrendering Margins To Competition
Target Price Market Price Investment Grade
LE188 LE196 Value
Recommendation
Hold
Upside Potential
-4.
08%
Please refer to disclaimer on last page
Stock Performance Chart
(LE / Share)
Share Data
Report Date November 16,2009
Sector Telecommunication
Company Traded Market EGX
Report Reason 9M FY09 update
Valuation Methodology DCF
Previous Target LE210
Exchange Rate LE5.
55/US$
Stock Currency LE
Reuters Code EMOB.
CA
Outstanding Shares (mn) 100
Par Value/Share (LE) LE10
Financial Year Ending December
Mkt.
Cap (LE bn) 19.
6
Weight to PAMI 6.
2%
Price Low – High (LE) (52Wk.
) 105-229
Shareholders Ownership Stake
Mobinil Telecom 51%
Orange 71.
25%
Orascom Telecom 28.
75%
Orascom Telecom 20%
Free Float 29%
Prime Research
Mobinil reported its 9M FY09 results showing a 3% increase in its
bottom line to reach LE1.
45 billion as well as LE497 million for Q3 FY09
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