OKOMUOIL Oil Palm Plc (NGX: OKOMUOIL) sustained its earnings momentum in H1'25, with revenue up 73.1% YoY largely on the back of elevated CPO pricing. The earnings outlook for FY'25 remains solid, supported by sustained pricing strength, resilient margins, and strong cash flow generation. We have revised our 12-month Target Price ("TP") upwards to N947.21 (vs. N672.62 previously). However, we have a sell recommendation on the ticker, due to the implied 9.79% downside to our reference price.
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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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