Obour Land for Food Industries 2023 Investment Call

Equity research report on Obour Land for Food Industries (OLFI), a 6 billion EGP food company, positioning it as a buy despite 2023 underperformance versus the EGX30 index. The report forecasts record revenues of EGP8.1 billion in 2024 and expects the company to double its bottom line by 2026, with a fair value estimate of EGP21.2 per share by end-2024 based on four valuation methodologies.