SAPH (Report November 2016)
​
With a fair value of XOF 7 000 based on 2016 results while the market currently trades at XOF 9 500, we recommend for a short term investment a sell on SAPH’s stock. In fact, in spite of having a support level of XOF around 9 000, we think that the stock price should experience a downward pressure, because of the continued low results and the non-payment of the dividend anticipated in 2017. However, it is good to note that the sector cycle is currently at its lowest level. Consequently, for a long term investment, the moment is good to take position on the stock in order to take full advantage of the cycle change as the prospects are good for the selling price.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.