The bank said that the fair price of  Solidere's stock is $33, representing an upward potential to its price of $24 on January six.

The bank said the company’s performance has improved boosted by the country’s economic growth and political stability.

Solidere is expected to make net profits of $210 million in 2010, and $266 million in 2011, mainly due to increasing revenues from the newly opened, Beirut Souks Project, Hermes said.