Ibnsina Pharma (ISPH) maintained its strong performance in Q2 2019, posting an earnings growth of 26% y/y and revenue growth of 24% y/y with improvement in profitability margins. We maintain our 12M PT at EGP11.45/share and our rating at Neutral / Moderate Risk. ISPH is currently traded at 30x TTM earnings and 19x 2019 earnings, which can be justified by its high growth rates.
For more details, please read the full report below.

190807-ISPH-Q2-2019-Results-En