April 15, 2026/Cordros Report In this update, we revise our 2026E outlook for Guaranty Trust Holding Company Plc (GTCO) following the release of its 2025FY results. Post review, we derive a target price of NGN155.97/s (Prev: NGN115.50/s), representing a 23.8% upside and a “BUY” rating. Our valuation is underpinned by […]
Results & Dividends
Dangote Sugar Shareholders Approve Landmark N500bn Rights Issue for Strategic Expansion
April 15, 2026/Dangote Group … Applaud Management Performance, Commitment to Backward Integration Dangote Sugar Refinery Plc has received shareholders’ approval for a N500 billion Rights Issue, thus positioning the company to strengthen its financial standing, expand its capital base, and accelerate strategic initiatives. The Rights Issue, the shareholders reasoned will […]
Dangote Cement Plc 2025FY Update | 2026E: Topline and Earnings Growth Expected; HOLD Maintained
April 10, 2026/Cordros Report In this report, we update our views and estimates for DANGCEM for 2026E following the release of its 2025FY results. During the period, the company reported revenue growth of 20.3% y/y, EBITDA margin expansion to 46.0% (+741bps y/y) and EPS growth of 101.3% y/y to NGN59.86. […]
