CIE research report (August 2020)
Trading at XOF 1 220, we recommend CIE as a buy with a target price of XOF 1 700 based on 2021 expected results, which represent a potential gain of 31.15% and a dividend yield of 12.41% from current trading levels. We augur that CIE will maintain its dividend policy despite the COVID-19 pandemic.
Hudson is an integrated securities firm, member of the West Africa regional stock exchange (BRVM) that offers a large array of financial services including brokerage, custody, sell-side research, investment management, investment banking and advisory, issuer services. Hudson's African and International client base includes governments, financial institutions, high net worth individuals, and corporate from various industries.
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