Our opinion is that despite this difficult context, trading at PE valuation of 7.25x, the drop in the stock price provides a good entry point for investors. The increasing retail network, the continued development of added value concepts, the company’s ability to control cost, its WC requirements and the group commitment to an attractive dividend policy (XOF87 expected DPS in 2021) makes us confident about the capacity for the company to create meaningful growth and enhance shareholder’s wealth from 2021.
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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