
Beltone raises Domty’s FV to EGP 14.8, maintains buy rating on back of buoyant sandwich business
Beltone estimate that non-cheese revenue to grow by 61%, with Domty’s cheese sandwich revenues expected to double, due to the surprise price hike executed in the first quarter (Q1) of 2019 (factory price increased from EGP 2.5 to EGP 3.5).