16 Hrs
Source:
معلومات مباشر
Source: معلومات مباشر
16 Hrsمعلومات مباشر
Source: معلومات مباشر
16 HrsReady to play
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Riyad Capital lowered its target price for Lumi shares to SAR 30, while maintaining its Buy recommendation and estimating capital upside of around 55.6% over the next 12 months. In the third quarter of 2026, revenue rose 12% year over year to SAR 462 million, but net profit fell 79% to SAR 11 million, below expectations. The company attributed the decline in profitability to weakness in short-term rentals, losses on used-car sales and higher costs. It viewed these pressures as temporary and saw the share-price decline as a buying opportunity.
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