PALMCI Report (March 2016) BRVM
​PALMCI’s short term fair value is XOF 5 000 while the market support price is at around XOF 10 000. We anticipate that at the publication of 2015 results, the stock should record a downward pressure but will still at around XOF 10 000. In any case, for a short term investment horizon, we recommend to Sell the stock at the current price of XOF 9 605. However, we anticipate a Buy recommendation for all middle term investment horizons with a target price of XOF 22 000 based on 2017 results, which represents a potential gain of 129%. Also, the sector cycle is currently at its lowest level. It is a good moment to take position on the stock in order to take full advantage of the cycle change.
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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