SIIG attracts investment opportunities on strong cash flows

11/11/2018 Argaam

 

Saudi Industrial Investment Group (SIIG) enjoys attractive investment opportunities on the back of higher free cash flows (FCFs) and the dividend payout, Falcom Financial Group said in a note.

 

"We expect higher demand for the company's products including propylene and poly propylene, which will reflect positively on prices and revenue growth", Falcom added.

 

Also, improved operating efficiency and the decline of debt-to-shareholders' equity would help the company capitalize on the available growth opportunities, the note said.

 

Falcom reiterated the stock's rating at "overweight", and cut its target price to SAR 30.50.

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