Bua Cement Plc (NGX: BUACEMENT) delivered a robust H1'25 performance, with notable margin expansion and solid earnings growth. The stronger- than-expected results led to an upward revision in our estimates and valuation, with our 12-month Target Price (TP) now set at N110.03 (from N73.82 previously). This revision reflects improved operating efficiency and a more resilient earnings outlook for the rest of the year
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CardinalStone is a full service investment banking firm with a vision to build a world class investment banking firm of African origin; operating out of Lagos, Nigeria. The firm was incorporated in April 2008 and began operations in June 2008. CardinalStone is duly registered with the Securities & Exchange Commission in Nigeria to carry on business as an Issuing House, Fund Manager and Broker/Dealer
The Firm's activities are carried out across five business units: Asset Management, Investment Banking, Private Equity, Securities Trading and the Business Support Group.
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