Stocks · Analysis
Simorgh Raised Bulk Egg Prices 12.5% and Tripled Six-Month Profit; Rasad Holds a Buy Call With a 5,699-Rial Target (Sunday, October 4, 2026)
Simorgh's audited six-month statement through June 21, 2026 put net profit at 9,127 billion rials, roughly triple the year-earlier period, as its bulk egg price (85% of last year's sales) rose 12.5% from September 7. Yet the stock's P/E of 10.08 on its October 3 close of 5,110 rials is about 1.5 times the agriculture sector's 6.92 average. Rasad's…
6 min read · 4 October