2012-02-01 15:01:00
The following release represents Moody's Investors Service's summary credit opinion on Abu Dhabi, ...
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The following release represents Moody's Investors Service's summary credit opinion on Abu Dhabi, Government of and includes certain regulatory disclosures regarding its ratings. This release does not constitute any change inMoody's ratings or rating rationale Abu Dhabi.
2012-01-30 10:57:00
We expect the company to deliver a revenue growth of c10% & EBITDA margins to stay within a ...
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We expect the company to deliver a revenue growth of c10% & EBITDA margins to stay within a range of c8%-c10% over (2011e-2013e). Based on our EPS estimate for 2011 & 2012 the company is currently trading at a PE of c9.3x & c8.1x respectively and is trading at a discount to the peer group multiple of c11x-14x. Using DCF methodology we have arrived at a target price of cAED 0.94 and have a neutral rating on the stock.
