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NBK Capital cuts Oriental Weavers fair value to L.E 30.2

NBK Capital cuts fair value estimate of Oriental Weavers - (ORWE) by 9 % to L.E 30.2 from L.E 33.20 due to increased cost of equity.

NBK Capital cuts fair value estimate of Oriental Weavers - (ORWE) by 9 % to L.E 30.2 from L.E 33.20 due to increased cost of equity and lower profitability over the next years.

NBK Capital sets new recommendation for firm stock “Hold” and said Oriental witnessed a major decline in operating margins in Q3/11 as a result of higher raw material costs.