Dice Sport & Casual Wear [DSCW.CA] announced plans to expand its geographic reach in Egypt to reach a total of 153 branches by end-2018 vs. 135 last year and raise market share to 20%. Victor Fakhry, the company’s CFO, said the company will continue to expand its capacity through backward integration and is targeting export sales of EGP866mn in 2018. He added that the USD3.5mn worth of machinery, purchased recently, would commence production in April, which would more than double capacity to 300,000 pieces per day (currently at 120,000 pieces per day).
 
Dice Sport & Casual Wear: EGP25.64 as of 22 Apr. 2018, Rating: Buy, TP: EGP35.00/share, MCap: USD77mn, DSCW EY/DSCW.CA