SITAB Report Updated (February 2017)
​We recommend a sell on the stock because the anticipated decline in 2016 net income will put a downward pressure on the stock price after the results publication. Furthermore, with a current price of XOF 138 900, the stock SITAB trades above our target prices of XOF 137 000 and 139 000 based on 2016 and 2017 results respectively.
However, SITAB could be used as a yield stock since the company should maintain its dividend payment policy over the next years.
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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