November 14, 2025/InvestmentOne Report The NGXASI advanced by 0.09% today to close at 147,115.63pts, as the bullish momentum observed in BUACEMENT (+3.70%), MTNN (+0.64%) and FCMB (+4.76%) drove the local equities market into positive territory. In the fixed income space, the Treasury Bills secondary market traded on a positive […]
Author: InvestAdvocate
BUA Cement Plc 9M-25 Update: Margin Strength Drives TP Upgrade
November 13, 2025/Cordros Report In this note, we update our outlook on BUA Cement Plc (BUACEMENT) following the release of its 9M-25 results. During the period, the company delivered strong operating results with EBITDA margin expanding by 19.04ppts y/y to 46.9%, supported by a 47.2% y/y increase in revenue driven […]
Dangote Cement Plc 9M-25 Update: TP Raised, HOLD Maintained
November 13, 2025/Cordros Report We revise our outlook on Dangote Cement Plc (DANGCEM) following the release of its 9M-25 results, which reflected a strong operating performance. The company’s revenue grew by 23.2% y/y, largely price-driven, while EBITDA margin expanded by 958bps y/y to 45.3%, as cost discipline held firm with […]
