Saudi Fransi says Chemanol lacks growth opportunities

21/04/2015 Argaam
Saudi Fransi Capital said that Chemanol’s shares lack medium
​-​
term growth opportunities as the company 
​currently does not 
have ambitious expansion plans, which may negatively 
​impact investor sentiment
.
 
It also 
​added that the company's 
​
first quarter profits were lower
​-​
than
​-​
expected, with a recommendation to maintain the share 
​at a 
target price of SAR 13.5.

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