Long OIH Company Overview:
• Orascom Investment Holding (OIH) operates as an investment holding company in the telecom and technology sectors across Egypt and Africa.
• The company is also engaged in real estate investments, leveraging its experience in North Africa and Sub-Saharan markets to expand into Africa’s fast-growing economies.
• OIH invests in energy, financial services, agriculture, real estate development, logistics, and transport.
• The company is also focusing on world-class entertainment destinations, integrating entertainment, retail, and hospitality to drive regional development.
Financial Highlights (2024):
• Net Cash Position: EGP 2.27 billion (Cash: EGP 2.94 billion, Debt: EGP 664.15 million) → EGP 0.43 per share.
• Book Value Per Share (BVPS):
o 2024: EGP 0.79 (+33% YoY).
o 2023: EGP 0.59 (+12.96% YoY).
o 2022: EGP 0.52 (+67.75% YoY).
• Fair Value Per Share (based on sector book value multiple): EGP 1.72.
Stock Performance & Investment Outlook:
• 52-Week Performance: +48.05% increase.
• Current Price: EGP 0.58/share.
• 52-Week High: EGP 0.64/share (02/03/2024).
• Elliott Wave Analysis Targets:
o TP1: EGP 0.774.
o TP2: EGP 0.959.
• Investment Recommendation:
o Buy below EGP 0.52/share.
o Hold for long-term upside potential.
Next Estimated Earnings Date: Thursday, March 27, 2025.
