KEY THEMES
Yesterday, we published a note regarding Obour Land Food Industries [OLFI] Q4 2021 results. OLFI managed to achieve a good fourth quarter in terms of sales activity, which helped offset some of the weakness seen on different parts of 2021. In general, OLFI's bottom line came in 4% ahead of our estimates. We note that OLFI is one of the 15 stocks we picked in our annual STANDPoint strategy report published on 30 January 2022. We have an Overweight rating on OLFI with a 12MPT of EGP8.6/share (ETR +39%). OLFI is currently traded at a 2022e P/E of only 7x. For more details, check out our commentary note.