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Bloomberg Quint

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Mota-Engil CEO Says Company Stock Worth Twice Its Current Value

  • Mota-Engil CEO believes the company's stock is undervalued and should be worth twice its current value.
  • The stock fell by 27% since the first-half results in August, attracting short sellers like Muddy Waters Capital's Domino Master Fund.
  • CEO Carlos Mota dos Santos mentioned that the stock's value is not justified by short positions and should be worth more than double its current price.
  • The company's market value stands at €776.8 million ($847 million), with expectations of maintaining a strong order book due to ongoing projects in Africa, Latin America, and Portugal.

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