DANGCEM’s H1'21 result reflects its superiority over domestic peers in  terms of capacity, market coverage, and cost management. We raise our  FY'21 earnings forecast to N366.5 billion (vs N333.1 billion previously) on  potential impact of higher than expected volumes and prices. Aided by  its strong cash position, the company is also likely to continue providing  the highest dividend yield within its sector. This dividend yield and  potential share buyback is likely to keep investors interested in the ticker.