ArabFinance: Al Ahly Pharos Securities Brokerage Research has set the fair value (FV) of Cleopatra Hospitals Group (CHG) (CLHO) at EGP 6.40 per share, with an “Overweight” recommendation, the research firm revealed in a report.

CHG is likely to record a net attributable profit of EGP 482 million in 2022, with an annual growth rate of 24.5%, according to the report.

It is worth noting that the company recorded a consolidated net profit attributable to the parent company of EGP 387.24 million in 2021, compared to a profit of EGP 286.92 million in 2020.

Meanwhile, the company’s standalone net profit after tax reached EGP 292.37 million in 2021, versus EGP 218.67 million in 2020.

Established in 2014, CHG expanded its geographical network in West Cairo to acquire two additional facilities, namely Nile Badrawi Hospital in 2015 and Al Shorouk Hospital in 2016.