Bua Cement delivered an exceptional Q1’25, which showed a considerable improvement in margins, prompting a revision in estimates and valuation. Our 12-month Target Price (TP) is revised upwards to N73.82, implying an 11.8% downside to our reference price.
Download (248.08 KB)
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.
Latest Reports
