GB Auto (AUTO.CA) has raised prices on its Hyundai cars by 6-11% (EGP10k-30k), following the floatation of the EGP. The new Elantra model witnessed the highest price increase of 11%. It is expected that other car companies would follow GB Auto in raising their prices in the coming period. (Al Mal) GB Auto: EGP2.64 as of 07 November 2016, Rating: Buy, FV: EGP3.80 per share, MCap: USD175mn, AUTO EY / AUTO.CA
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