“Akhbar al-Yawm” agency
Financial experts stop at three key factors
The shares of "Solidere" made a big surprise in a country suffering from an unprecedented financial and economic collapse, and in the light of the collapses suffered by global stock exchanges.
"Solidere" continued to achieve a distinctive performance during the past two weeks to reach the threshold of $49 per share on Friday afternoon, and this figure was not witnessed by the shares of "Solidere" even in July 2008 after the Doha Agreement and the election of a new president, which restored hope on that day to Lebanon and the Lebanese after 18 months of disruption of central Beirut and the House of Representatives and after the tragic events of May 7.
Financial and economic experts, via "Akhbar al-Yawm" agency, attribute the rise of the shares of "Solidere" to the distinctive performance of the company independent of the bad economic decline in Lebanon, as well as to the stock prices are in "Lollar" after the financial collapse witnessed by Lebanon.
In contrast, according to experts, the valuation of the company "Solidere" is done according to the areas of land it owns in the center of Beirut and other basic properties, and this brings the value of one share scientifically to the limits of $100, which explains the growing demand for investors to buy shares at the current growing price, which amounted to $40, especially that Lebanon has witnessed in the recent period an attempt to invest the amounts in the outstanding bank accounts in the real estate sector and the shares of "Solidere" in particular, which preserves the value of the funds, but rather develops them and secures the best investment in light of the financial risks and plans that speak of the possibility of imposing "hairhuct" on deposits exceeding $100 thousand in banks.
Experts in the analysis of the situation of the company "Solidere" explain the successes achieved by its shares based on 3 criteria:
The first criterion is the general budget of the company, which has witnessed a significant improvement in the past two years, after the company paid all its debts to banks in 2020 and finished paying the interest, and increased the liquidity of the company in its bank accounts, which qualifies it to meet any future merits and cover all current expenses such as salaries, wages, maintenance costs and others.
The second criterion is the company's success in reducing its costs by more than 26 percent between 2018 and 2019 as a result of an effort by its board of directors.
The third criterion is the evaluation of its property of land and real estate in addition to the evaluation of its market value and on the stock exchange and its shares in a number of real estate projects and others, after the rise in value as a result of the demand to buy real estate and shares after the financial crisis, after a large number of financiers transferred their deposits to the real estate sector.
Based on all of the above, the experts confirm that the shares of "Solidere" will continue its qualitative hike up to the reach the $100, which attracts investors in the difficult and complex conditions that Lebanon is experiencing.