Bank "Barclays" It recommends investing in shares of 5 subsidiaries for "ADNOC"
Abu Dhabi, May 11 / WAM / Barclays Bank announced that it started following up the performance of five listed companies affiliated with ADNOC, as it gave the “Overweight” classification (heavy weight) positive for each of them, and the bank described the investment in these companies as a “strategic necessity” for global preservations.
This classification indicates the five companies: “ADNOC Distribution”, “ADNOC Drilling”, “ADNOC Gas”, “ADNOC Supply and Services” and “Vertigloop”, to the bank’s expectations that these companies will excel over their counterparts in the sector during the next twelve months.
“Barclays” stressed in his report today, that these companies “constitute a diverse system prepared to achieve strong returns in light of the accelerating changes in the energy sector.”
The bank has set price goals for each of these shares with a higher average of 35% of their trading prices on May 6, which confirms confidence in the possibility of the shares of these companies during the next 12 months. The bank also highlighted the global levels of these companies and their readiness to grow and expand in light of the acceleration of their use of artificial intelligence technologies and adopting advanced technology, noting that these stocks offer various investment opportunities that combine high value and growth capabilities.
According to “Barclays”, the five companies are based on the strategic pillars of “ADNOC”, which include production growth, reducing emissions, and global expansion, as these companies offer investors advantages that include high revenues, stability of their cash flows, and that they are consistent with the trends of emerging markets.
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