Credit Agricole-Egypt Bank
9M FY09 update: High Provisioning and Taxation-Slumping Bottom Line
Share Data
Report Date November 16, 2009
Company Short Name CAE
Sector Banking
Company Traded Market CASE
Report Reason 9M FY09 Update
Valuation Methodology DCFE...
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Credit Agricole-Egypt Bank
9M FY09 update: High Provisioning and Taxation-Slumping Bottom Line
Share Data
Report Date November 16, 2009
Company Short Name CAE
Sector Banking
Company Traded Market CASE
Report Reason 9M FY09 Update
Valuation Methodology DCFE
Previous Report Date June, 2009
Previous Target LE12.
3
Exchange Rate LE5.
46/US$
Stock Currency EGP
Reuters Code CIEB.
CA
Outstanding Shares (mn) 287
Par Value/Share (LE) LE4
Financial Year Ending December
Mkt.
Cap (LE mn) 3,065.
2
Weight to PAMI 1.
0%
Av.
Daily Volume (000) 109
Price Low – High (LE) (52Wk.
) 6.
5-14.
5
Shareholders Ownership Stake
Groupe Crédit Agricole [Calyon] 46.
27%
El Mansour and El Maghraby Investment and Development Company 17.
09%
Calyon Bank—France 13.
07%
Misr Insurance Company 1.
95%
Free Float 21.
62%
Target Price Market Price Investment Grade
LE12.
4 LE10.
68 Growth
Recommendation
Buy
Upside Potential
16%
Table 1 Source: Bank Historical & Prime Projections
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