-+ 0.00%
-+ 0.00%
-+ 0.00%

FAB Tweaks Amanat Price Target After Q2 Earnings

MT Newswires·08/20/2026 04:13:23
語音播報
04:13 AM EDT, 08/20/2026 (MT Newswires) -- FAB Securities updated its price target on Amanat Holdings (DFM:AMANAT) to 1.50 Emirati dirhams following the release of the healthcare and education investor's second-quarter financial statements. Amanat's attributable net profit rose in the second quarter to 55 million dirhams, missing FAB's 61 million-dirham estimate. Revenue also increased to 284 million dirhams, against the research firm's estimate of 272 million dirhams, according to a Thursday note. "Amanat reported a strong increase in the bottom line, primarily driven by growth across its Education and Healthcare platforms, with revenue and EBITDA from continuing operations increasing 24% and 30% YOY in 1H26. In Healthcare, Cambridge Health Group continued its transition from expansion to operational delivery, with 1H26 EBITDA rising 58% YOY to AED 62.4 Mn, reflecting improved execution, utilization and operating leverage," analysts wrote. The hold-rated stock's price target stood at 1.35 dirhams as of Feb. 25, according to FAB's website.