Tuesday, December 9, 2008

EFG Hermes: Aldar, Sorouh and UP can Ride Out Malaise

DUBAI - Abu Dhabi-based Aldar Properties and Sorouh Real Estate and Dubai's Union Properties can ride out the property malaise, said EFG Hermes.

EFG Hermes maintained its "buy" rating for Sorouh Real Estate and raised its target price to Dh14.3, a hefty upside over its closing price of Dh3.43 last Monday. ...

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