OKOMUOIL | Okomu Oil Palm - Company Update : Revenue growth subsists on higher CPO prices

    Okomu Oil Palm Company Plc (OKOMUOIL) had an impressive H1'24, with its reported revenue 84.8% higher YoY on the impact of favourable CPO prices and volume increases amidst sustained cost inflation. In view of this performance and subsequent communications with management, we revised our projections for OKOMUOIL and obtained a new 12-month Target Price (TP) of N381.20, which suggests a potential capital appreciation of 10.4%. 

     

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