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Pachin expecting real estate bids to develop on 60,000 sqm of land

Naeem Research values Pachin with a Target Price (TP) of EGP25.7 per share and recommends to buy. The company’s financial performance is expected to improve between fiscal year (FY) 2021 and 2024, as increased demand is likely to raise utilisation rates and improve margins. In addition, oil price stability will be positive for Pachin as roughly 80% of costs of goods sold are raw materials linked to global oil prices.

Daily News Egypt

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