Yaqeen Capital sets TP for ADES Holding

27/09/2023 Argaam
Logo ofADES Holding Co.

Logo of ADES Holding Co.

Yaqeen Capital recommended a “Buy” on ADES Holding Co., setting the stock’s target price (TP) at SAR 16.7.

 

ADES is expected to record a compound annual growth rate (CAGR) of 20% until 2030, driven by improved margins and increased exploration activities.

 

The company is expected to report a profit of SAR 394 million and SAR 812 million in 2023 and 2024, respectively.

Yaqeen Capital - ADES International Holding (27/9/2023)

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