Emirates NBD ,
Of the leading national banks in UAE , which achieved remarkable financial performance and achieved 15% of profits at the end of 2017 compared to 2016. The Bank achieved a balanced and increasing financial performance in the results. The bank's profits increased from AED 3.25 billion in 2013 to AED 8.34 billion at the end of the year. 2017, this stability and the growing growth of performance results reflect a positive outlook towards the bank's management.
The bank is preparing to hold its general assembly meeting on March 27 to take a decision to expand its equity by increasing the bank's capital to 7.35 billion dirhams by issuing 1.79 billion new shares, which will reflect the bank's future expansion capacity. It is important to note that the amendment to Article 6 of the Articles of Association The Bank's financial statements reflects attractive investment figures with EPS at 7 and a book value of AED 9 and a market price of AED 10.50. The current situation is a good investment opportunity withEmirates NBD is expected to expand its operations, and the Bank's financial strength may be reflected in its decision today to re-buy bonds worth AED 750 million due in 2023,
From the technical analysis,
we find that the stock with trading today at the level of 10.45 dirhams trading above all moving averages and the monthly candle penetration of the level of the monthly downward trend from the peak of 16.69 dirhams in April 2005 and Batali is a very few shares that approached the end of the date and believe it targets the level of 14 Dirham in the medium term, and the level of 9.5 dirhams support for the first share can be re-positioned in the case of return
Therefore, we recommend buying the stock with an investment target of 35% profit over the next medium term
