Recent Research

• 

  INITIAL COVERAGE (EQUITIES)

  17 Dec 2024

  LuLu Retail Holdings PLC

  BUY

  Last Closing Price

  AED 1.89

  Target Price

  AED 2.55

  Upside (%)

  +34.92%

  UAE Equity Research - LuLu Retail Holdings PLC - Initiation Coverage

  We initiate coverage on LuLu Retail Holding PLC (“LuLu Retail” or “the Company”) with an equity valuation of AED 2.55 per share. LuLu Retail Holdings PLC is the largest full-line retailer in the GCC region, operating 241 stores across all GCC countries. The Company runs a diverse range of retail formats, including hypermarkets, supermarkets (express stores), minimarkets, and online platforms, offering consumer packaged goods, electrical goods, fresh foods, and lifestyle products.

  Download
• 

  INITIAL COVERAGE (EQUITIES)

  05 Dec 2024

  A D N H Catering PLC

  BUY

  Last Closing Price

  AED 0.93

  Target Price

  AED 1.30

  Upside (%)

  +39.78%

  UAE Equity Research - A D N H Catering PLC (ADNHC) - Initiation Coverage

  We initiate coverage on A D N H Catering PLC (“ADNHC”, “A D N H Catering”, or “the Company”) with an equity valuation of AED 1.30 per share. A D N H Catering is the UAE’s largest food and support services company. The Company is a subsidiary of ADNH (Abu Dhabi National Hotels) known for its expertise in hospitality and food services.

  Download