The odds are in favour of PRESCO in 2024, as we see legroom for higher domestic CPO prices and improved RBDO production. Furthermore, the proposed acquisition of a 100.0% equity stake in Ghana Oil Palm Development Company Limited (GOPDC) bodes well for growth in the near term. We have a 12-month TP of N384.20 and a BUY rating on the ticker.
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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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