
Pharos expects Elsewedy Electric to enter new markets, recommends buy on AMOC
Pharos Research has expected Elsewedy Electric to enter new markets in Europe and Latin America to compensate for the decreased demand for wires and cables in the GCC states. The Egyptian firm is aiming to expand across all segments as it maintained capital expenditure of EGP 900 million for fiscal year (FY) 2017, the research note …