Following the release of ZENITHBANK’s H1’21 audited result and the subsequent conference call, we engaged further with the bank’s management to ascertain its strategic direction. This report highlights our view on the bank’s retail strategy, key performance drivers, and long-term value proposition. Overall, we reaffirm our positive outlook for the counter with a 12-month target price of N29.83 and a BUY rating. ...
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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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