Bloomberg News

Talaat Moustafa Rated New ‘Buy’ at Beltone Financial

October 12, 2011

Oct. 12 (Bloomberg) -- Talaat Moustafa Group Holding, Egypt’s biggest publicly traded real-estate developer, was rated “buy” in new coverage at Beltone Financial because the company is expected to sell and deliver ongoing projects.

The share price estimate was set at 5.2 Egyptian pounds per share, the Cairo-based investment bank said in a research note today.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Mahmoud Kassem at mkassem1@bloomberg.net


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