SMB Report (August 2016)
​
We rate SMB as a buy with a target price of XOF 52 400 based on 2016 expected results. The company's upside potential can be seen in multiple areas, such as the local market development, the export market expansion combined to an efficient costs management. Although SMB may harbor some minor risks, including its heavy dependence on the SIR and the Nigeria market, we feel they are unlikely to slowdown the company growth over the forecast period.
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.