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MarketScreener Homepage  >  Equities  >  Dubai Financial Market  >  National Central Cooling Company    TABREED   AEN000501017

NATIONAL CENTRAL COOLING COMPANY

(TABREED)
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Dubai's Majid Al Futtaim hires HSBC for sale of district cooling unit-sources

10/13/2020 | 02:21am EST

DUBAI, Oct 13 (Reuters) - Dubai's Majid Al Futtaim (MAF), which develops shopping malls across the Middle East, is weighing the sale of its district cooling unit, four sources with knowledge of the matter told Reuters.

District cooling firms deliver chilled water via insulated pipes to cool offices, industrial and residential buildings.

MAF, which also operates the Middle East franchise of French retailer Carrefour, in a statement on Tuesday said it continually assesses its business portfolio to ensure they 'remain fit for purpose and positioned for long term sustainable growth.' (Reporting by Hadeel Al Sayegh, editing by Louise Heavens)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CARREFOUR 0.15% 13.75 Real-time Quote.-8.03%
HSBC HOLDINGS PLC 4.60% 406.1 Delayed Quote.-31.39%
NATIONAL CENTRAL COOLING COMPANY -2.26% 2.6 End-of-day quote.35.42%
All news about NATIONAL CENTRAL COOLING COMPANY
11/12NATIONAL CENTRAL COOLING : Tabreed reports 2020 third quarter; delivers 13% incr..
PU
10/13Dubai's Majid Al Futtaim hires HSBC for sale of district cooling unit -source..
RE
10/13Dubai's Majid Al Futtaim hires HSBC for sale of district cooling unit-sources
RE
09/03NATIONAL CENTRAL COOLING : Tabreed launches ‘Tabreed Cares' initiative acr..
PU
08/12NATIONAL CENTRAL COOLING : Bilfinger Middle East signs its first Digitalization ..
AQ
07/26NATIONAL CENTRAL COOLING : Tabreed announces 2020 H1 financial results, resilien..
PU
04/06NATIONAL CENTRAL COOLING : Dubai's Emaar sells 80% stake in cooling system for $..
AQ
03/24NATIONAL CENTRAL COOLING COMPANY PJS : Ex-dividend day for final dividend
FA
02/04UAE's Tabreed close to buying Emaar Properties' district cooling unit -source..
RE
2019NATIONAL CENTRAL COOLING PSC : Tabreed Concludes its Participation in UN Climate..
PU
More news
Financials
Sales 2020 1 771 M 482 M 482 M
Net income 2020 499 M 136 M 136 M
Net Debt 2020 5 033 M 1 370 M 1 370 M
P/E ratio 2020 14,1x
Yield 2020 4,23%
Capitalization 7 055 M 1 921 M 1 921 M
EV / Sales 2020 6,82x
EV / Sales 2021 6,26x
Nbr of Employees -
Free-Float 21,6%
Chart NATIONAL CENTRAL COOLING COMPANY
Duration : Period :
National Central Cooling Company Technical Analysis Chart | TABREED | AEN000501017 | MarketScreener
Technical analysis trends NATIONAL CENTRAL COOLING COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 2,85 AED
Last Close Price 2,60 AED
Spread / Highest target 21,2%
Spread / Average Target 9,71%
Spread / Lowest Target 0,00%
EPS Revisions
Managers
NameTitle
Bader Saeed Mohammedd Salem Al-Lamki Chief Executive Officer
Khaled Abdulla Juma Al-Qubaisi Chairman
Jean-Francois Chartrain Chief Operating Officer
Adel Salem Al-Wahedi Chief Financial Officer
Julien Pierre Olivier Borredon VP-Technical Development Support & Innovation