SODIC has raised its selling prices by 20% for semi-finished projects and 30% for finished projects, effective yesterday, in light of the increase in construction costs, Magued Sherif, Managing Director, was quoted as saying. On a separate note, SODIC is planning to acquire new land plots across a number of areas, according to Sherif, including the Red Sea within the coming few months. Sherif has also confirmed that SODIC will be able to meet its EGP4.9bn contracted sales target for the year, despite delaying 4Q16 planned launches to 2017.   The selling price increase comes in line with our expectations, along which, we expect the company to extend payment terms. We believe a closure of a land acquisitions in 1H17 will be unlikely, until more clarity is obtained on the market dynamics. Moreover, we expect the revenue-sharing model to appeal more to the company, especially with our expectation of inflating land costs and a higher cost of funding. (Al Borsa, Mai Attia, Sara Boutros)   SODIC: EGP15.01 as of 15 November 2016, Rating: Buy, FV: EGP18.85 per share, MCap: USD335mn, OCDI EY / OCDI.CA