Hapoalim sees mortgage crisis weighing on Africa-Israel

"We believe that Africa-Israel will continue to expand in the coming years, posting larger revenue and net profit," says Bank Hapoalim. "However, one cannot ignore the recent increase in the level of risk in the company's core business - the global real estate market. Likewise, we expect the stock to experience increasing volatility, commensurate with the trading in London of AFI Development, which accounts for 60% of the group's combined asset value."