Naeem Downs Juhayna’s FV At EGP 6.3, Recommends ‘Hold’

Naeem Holding (NAHO.CA) issued a report on Juhayna Food Industries – (JUFO.CA), reducing the stock’s fair value at EGP 6.3 and downgrading its recommendation from a “Buy” to a “Hold” for the coming period.

Meanwhile, Juhayna has reported a net profit of EGP 42.983 million during the first half of 2012, compared to EGP 50.136 million a year earlier.