Bahrain- Sico initiates coverage on nass corporation with an over wight rating
                   
menafn.com     Jul 9, 2008            

Securities & Investment Company (SICO) has released a detailed report initiating coverage on Nass Corporation, a vertically integrated contracting company in Bahrain, with an "Over-weight" rating and a fair value of BHD 0.638 per share presenting an upside of 42% to its current market price of BHD 0.450 per share. The 37 page report highlights that Bahrain is currently enjoying a construction boom which is driven by both the public and private sectors, resulting in an impressive flow of projects into the construction market estimated at about USD27.5bn. The strong presence of Nass Corporation in the local market due to its ability to provide integrated solutions for construction projects, backed by its in-house technical expertise, business integration and consistent performance enables it to exploit the existing... [read full story]                    


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