May 7, 2025/Cordros Report We update our outlook and estimates for Lafarge Africa Plc (WAPCO) for 2025E following a strong performance in Q1-25. During the period, WAPCO reported an impressive 80.3% y/y revenue growth, driven by a favorable price-volume mix, which resulted in an 8.37x y/y increase in EPS to […]
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Monthly Equities Market Insight – April 2025
May 7, 2025/InvestmentOne Report The local bours slightly rebounded in April 2025, after registering a 0.12% increase by the month end. The tender positive sentiment was driven by the positive sentiment observed in WAPCO (+298.78pts), ZENITHBANK (+263.80pts), GTCO (+206.41pts), MTNN (+186.91pts) and TRANSCOHOT (+181.52pts) which outweighed losses recorded in DANGCEM […]
BUA Cement Plc Q1-25 Update: Strong Earnings Outlook Drives Rating Upgrade
May 7, 2025/Cordros Report We update our views on BUACEMENT in this report, accounting for the impressive performance in the first quarter of 2025. BUACEMENT’s revenue surged by 80.5% y/y in Q1-25, which we believe was primarily driven by higher pricing. The robust revenue growth, slower cost escalation (+31.2% y/y), […]
