Corporate news
Dice [DSCW] expands internationally for the second time within a year
•Dice Sports & Casual Wear [DSCW] BOD approved the establishment of a company for manufacturing ready-made garments in partnership with two Italian companies.
•This main the company’s second international expansion within a year, as Dice had previously decided, on March 22, 2025, to establish Dice Morocco for trading and distributing ready-made garments with a capital of $500k, of which Dice contributes 90%.
Our outlook for the stock is positive due to:-
1.Revenues denominated in US dollars, providing a hedge against exchange rate fluctuations.
2.Lower Egyptian labor costs, offering a competitive advantage.
3.Expansion into foreign markets.
4.The company’s plan to increase productivity and market share.
5.Government interest in developing the ready-made garments sector.
Target price: EGP3.1/ share.
Omar Hegazy - Equity Analyst
OHegazy@egy.primegroup.org