CFG Bank mobilizes 75 investors

The teams of CFG Marche and CFG Bank have mobilized to allow foreign investors to form an opinion on the strength of listed companies in Morocco and their growth prospects. Above, left, right, Bachir Tazi and Mohamed Essakalli, respectively DGA and CEO of CFG Marche alongside Souad Benbachir and Younes Benjelloun, Directors and CEO of CFG Bank (Ph. Mokhtari)

Successful challenge for the 6th edition of CFG Bank's one-on-one Equity Conference. The promoter has scheduled 500 meetings in Marrakech in two days, putting several investors and issuers in touch with direct and detailed exchanges. A seduction operation that CFG Bank organizes each year to present the potential of the Casablanca Stock Exchange, Tunis and those of the West Africa Regional Stock Exchange.

As a reminder, CFG Bank enjoys a unique position with foreign investors who entrust it with more than 40% of the volumes processed in the Casablanca financial center. For the sixth edition of the one-on-one, dozens of representatives of international finance and listed companies, operators and domestic investors answered the call. In total, 45 of the largest investors made the trip to Marrakech and 30 Moroccan investors.

In front, the meeting attracted twenty Moroccan issuers, among them, Attijariwafa bank, Bank Al-Maghrib, BCP, CIH, BMCE Bank, and also Maroc Telecom, Cosumar, Mutandis, Lesieur … From Tunisia, CFG Bank has put forward three transmitters.

Delice Holding, Lilas and Unimed. In addition to their vocation to give visibility to foreign investors on the Casablanca Stock Exchange as a hub in Africa, these one-on-one have the ambition to allow foreign investors to form an opinion on the strength of listed companies and their growth prospects, says Souad Benbachir, ADG of CFG Bank.

Since the beginning of the year, the market has been stable with valuation levels close to the normative levels and growth prospects for the profit for 2019 and 2020, according to analysts at CFG Bank. And some values ​​have very interesting growth profiles, they say. Like HPS, Label 'Life, or Marsa Morocco. CFG analysts also remain very optimistic about the behavior of Attijariwafa bank and Maroc Telecom.

Badra BERRISSOULE