TMG Holding (TMGH) stock, representing the largest group in Egypt, has achieved record gains, reaching its highest point this year. In recent trading, it has broken above and stabilized above its 50-day moving average, a strong positive indicator for continued upward momentum and a clear short-term bullish trend. The stock has also begun to converge with its 200-day moving average, which typically dictates the medium-term direction, and its stability around these levels is considered favorable for a sustained uptrend.
TMG stock is anticipated to experience some positive
adjustments in the near term, particularly as it has entered an overbought
zone. It is likely to undergo a period of profit-taking or stabilization around
current levels, potentially followed by retesting. Overall, the outlook remains
positive as long as the stock maintains support above EGP 52.5 and
approximately EGP 51.70 in the short term. A decisive breakout above EGP 55.20
would likely propel the stock towards its initial short-term target of EGP
57.5.
Recently, Mubasher for Securities Trading's research
department estimated the fair value of TMGH stock at an average of EGP 91.4.
This valuation suggests a potential upside of 78.2% by 2025, and is primarily
attributed to projected sales revenues over five years, as well as income
streams from the company's hospitality sector.
Talaat Moustafa Group Holding recently announced the
successful conclusion of negotiations for a major development in Iraq. The
company signed a final agreement to develop a sustainable, mixed-use city
spanning 14 million square meters southwest of Baghdad, which is expected to
include 46,000 multi-use units.
The Group also signed an agreement with the Omani Ministry
of Housing and Urban Planning for two projects—a real estate development and a
tourism complex—located west of Muscat, the Omani capital. With an estimated
total investment of approximately 1.5 billion Omani Riyals, these projects will
deliver around 13,000 residential and hotel units across an area exceeding 4.9
million square meters. Both developments will proceed simultaneously on two
separate plots of land, connected by an electric train.
The company confirmed that these new agreements will expand Talaat Moustafa Holding's regional land bank to 29 million square meters, distributed across Saudi Arabia, Oman, and Iraq. Including its projects under development in Egypt, the company's total land bank now reaches 125.9 million square meters.