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Taiba Holding beat’s Q1 forecasts: NCB Capital
NCB Capital has affirmed a neutral recommendation on Taiba Holding Co., and set the stock’s target price at SAR 46.6.
Taiba’s first quarter financials topped average forecasts of analysts, according to the research agency.
However, NCB Capital still painted a foggy outlook for the company’s profitability, amid increasing investment risks in Saudi’s real estate sector.
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