The Egyptian Exchange (EGX) organized 5 meetings between Board Chairmen and top management of 5 listed petroleum sector companies on one side, and more than 40 research analysts, from 17 investment banks and brokerage firms, on the other side.
Rami El-Dokany, EGX Executive Chairman, pointed out the importance of cooperation among all parties to present the competitive advantages of listed petroleum sector companies which increases investors’ appetite.
El-Dokany indicated that the real intrinsic values of these companies’, their competitive advantages, and the improvements in their KPIs are not reflected in their shares’ prices. He added: "This is due to the difficulties that investors face to obtain the necessary information needed for sound investment decision making.”
He stressed the importance of cooperation between these companies and research houses. “Top management of each company has to provide research analysts with necessary data to enable them to prepare proper research reports that reflect true fair values of these companies, so that market share prices will converge up to the fair values over time”, he added.
The listed companies attended were Sidi Kerir Petrochemicals Company (SIDPEC), Egypt Gas, Misr Fertilizers Production Company (MOPCO), Alexandria Mineral Oils Company (AMOC), and Abu Qir Fertilizers Company.
