Dangote Cement. The company controls about 80% of the cement
market in Nigeria and has made major in routes into other African
countries. The recent announcement of a
slash in cement price as well as the tightening margins due to the tax element
on some of its production lines which previously enjoyed the 5year moratorium has increased the stocks volatility in the recent past.
However, our long term estimates for the firm are still realizable for its
share market dominance.
Zenith Bank . The top tier lender has shed some
value following the bearish sentiments that has prevailed over the Nigerian
capital market. We expect a decent H1
2015 performance which will direct investor sentiments on the stock for the
rest of the year.
Skye Bank. The Bank only recently
acquired Mainstreet Bank and is in the process of integrating Mainstreet into
the operations of Skye. We have a long term buy recommendation for Skye Bank.
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