-+ 0.00%
-+ 0.00%
-+ 0.00%
FAB Tweaks ADNH Catering Price Target After Q2 Results
Share
Listen to the news
07:21 AM EDT, 07/22/2026 (MT Newswires) -- FAB Securities revised its price target on ADNH Catering (ADX:ADNHC) after the hospitality group released its financial statements for the second quarter. "We maintain a BUY rating on ADNH Catering PLC with a revised target price of AED 1.05. ADNHC delivered resilient operating performance in 2Q26 despite a challenging operating environment marked by geopolitical tensions, supply chain disruptions, inflationary pressures, and service suspensions across certain client segments. The Company's diversified business model, operational resilience, and effective procurement and supply chain management enabled it to mitigate the impact of market turbulence while maintaining service quality and profitability," analysts said Tuesday. ADNH Catering logged a 19.4% annual decrease in second-quarter attributable net profit to 28 million Emirati dirhams, which was lower than FAB's estimate of 39 million dirhams. Meanwhile, revenue rose 6.9% year over year to 457 million dirhams, compared with the research firm's 454 million-dirham estimate.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending