May 15, 2025/Cordros Update Cordros Research initiates coverage on C & I Leasing Plc with a ‘BUY’ recommendation and a year-end target price of NGN7.48 per share, highlighting the company’s robust earnings growth, marine sector success, and diverse service offerings. Note View the report for C & I Leasing Plc. here
Results & Dividends
The Okomu Oil Palm Company Plc Q1-25 Update: Sustained Revenue Growth, Stronger Earnings Ahead
May 15, 2025/Cordros Report In this report, we update our views on Okomu Oil Palm Company Plc (OKOMUOIL) for 2025E. Revenue grew by 33.6% y/y in Q1-25 on stronger pricing, while a 15.1% y/y rise in OPEX led to a 61bps dip in EBITDA margin to 59.1%. EPS climbed by […]
MTN Nigeria Q1-25 Update: Q1 Performance Reinforces Sentiments; We Remain OVERWEIGHT
May 9, 2025/Cordros Report Cordros Research updates you on MTN Nigeria Communications Plc’s Q1-25 results, adjusting its year-end TP upwards by 7.5% to NGN363.01/s and maintaining a ‘BUY’ rating, with a revised revenue growth and EBITDA margin expectations, while lowering DPS forecast to NGN7.47. We update our views and estimates […]
