City Trade targets MobiNil at LE 219.5 per share

According to Al Alam El Yom; City Trade Securities Brokerage has set the fair value for MobiNil's share at LE 219.5. The study mentioned that MobiNil's opportunities are: operating in the region's largest market, low mobile penetration rate, its partnership with Ring, and the expected international call licenses. While the challenges were set to be: fierce completion especially with the entry of Etisalt, decline of profitability ratio, and the low cost of the 3G services.