Bollywood celebrities have gathered in Abu Dhabi for the grand award show
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HC pegged a target price of Dh1.47 for Aramex, whose businesses range from domestic and international freight forwarding, logistics and document management.
“Most of Aramex’s assets are leased. The company has strong free cash flow generation capabilities and a sound balance sheet with negligible debt,” HC said, adding these would boost future acquisitions. HC said that it sees little risk for Aramex due to its diversified businesses and client base and high Middle East exposure.
“We forecast 2009 EBITDA to grow by 3 per cent and 2 per cent respectively.” It said that Aramex is well-positioned for a new wave of acquisitions once the markets recover, and it is becoming a well-entrenched player with its selective acquisition strategy.
The company has identified Asia as its primary new target for acquisitions and has on its sight China to add to its base in Hong Kong, Indonesia and Singapore.
Bollywood celebrities have gathered in Abu Dhabi for the grand award show
entertainment3 hours ago
The captain said he was proud to represent UAE in an international arena
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With scores of applications being submitted, authorities have found more ways to provide flexibility to amnesty-seekers
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The statement comes after Israel claimed to have killed Hezbollah's leader and said they are ready for broader conflict
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This comes after the Israeli military announced the killing of Nasrallah, and said Israel is ready for wider escalation
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The Islamic republic's supreme leader Ayatollah Ali Khameni has been transferred to a secure location, sources say
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Haddad, a project to enhance security of the Emirates' water areas, is the first-of-its-kind in the region
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A Dh50,000 fine was also imposed on the impounded vehicles
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