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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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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