UNIWAX Research Report (Update 2020)
Our opinion is that despite this difficult context, trading at PE valuation of 5.37x, the drop in the stock price provides a discount entry point for investors as the market still underestimates the scale of the recovery. The resilient Ivorian economy, the new production capacity, the continued development of diverse added value products, the company’s ability to control its cost/price and the company’s commitment to attractive dividend payouts (XOF160 expected DPS in 2021) makes us confident about the capacity for the company to create meaningful growth and enhance shareholders’ 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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