August 5, 2025/InvestmentOne Report The local bours surged by a whopping 16.75% month-on-month in July 2025, the best monthly performance since December 2024 and also a continuous momentum from its previous month s gains which saw NGXASI increase by 7.37%. The positive market performance was largely driven by price appreciation […]
Results & Dividends
First HoldCo Plc H1-25 Update: We Revise our EPS and TP Estimates Downwards
August 5, 2025/Cordros Report We update our outlook on FIRSTHOLDCO following the release of the Holdco’s H1-25 results. While the group’s gross earnings grew by 18.1% y/y, profitability declined by 22.3% y/y, primarily due to fair value losses. In this note, we revise our loan and deposit growth forecasts to […]
The Okomu Oil Palm Company Plc H1-25 Update; Strong Pricing Only; We Remain Neutral
August 4, 2025/Cordros Report In this report, we update our views on Okomu Oil Palm Company Plc (OKOMUOIL) for 2025E, following the strong H1-25 performance. Revenue grew by 73.1% y/y (Q2-25: +127.5% y/y), driven by favourable pricing, while EBITDA margin expanded by 11.01ppts y/y to 54.8% (Q2-25: +29.48ppts y/y to […]
