I have calculated a moderate bull case. If I am right FDV will surpass 3Q 2022 and post its best ever Qtr results. Two key assumptions:
(1) Zameen will take another 5 Qtr's to return to peak profitability.
(2) Latam and ROW continue to post strong growth in 4Q 2023 and beyond.
Will be disappointed if FDV reports smaller numbers but will continue to HOLD regardless.
Does anybody think FDV will do better than my forecasts in 4Q 2023?
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6 | 225028 | 0.350 |
2 | 137971 | 0.345 |
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Price($) | Vol. | No. |
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