Report
EUR 178.14 For Business Accounts Only

ADDOHA : Still Cash First

A la Une : Despite the downward revision of our forecasts and our target price, we reiterate, today more than before, our recommendation to buy the ADDOHA shares, namely for the following reasons:

  • The strong maturation of the Group’s Business Model and Governance after more than 11 years of listing on the stock market;
  • "Rigor, Prudence and Reason" that seem to be the Group's new leitmotivs as they reflect the objectives of the new CASH FIRST 2020 strategy;
  • And, the new image conveyed by the Management as a yield value.
Underlying
Douja Promotion Groupe Addoha

Provider
BMCE Capital Global Research
BMCE Capital Global Research

BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.

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