Business & Finance
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BUACEMENT: A Dive into Company Performance and Financial Analysis
We issue a sell recommendation on BUA Cement PLC(BUACEMENT.NSE) Based on a target price of ₦58.6k representing a 13% downside on the closing price of ₦70.75 as of march 30th, 2022. Our valuation…
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FMN Plc: The Home of Good Food is Moving Beyond Levels
Flour Mill of Nigeria Plc is one of the leading FMCG and a top market player in the flour-based product market. It is the first company to have constructed Nigeria’s first wheat mill…
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A Comprehensive Report on Dangote Cement Plc and Stock Recommendation.
The valuation was estimated given a WACC of 16% in line with a cheap cost of debt in Nigeria and a perpetuity growth rate of 8%. Besides, the NOPAT doubled within the past…
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Crypto Prices Move More in Sync With Stocks, Posing New Risks
Amid greater adoption, the correlation of crypto assets with traditional holdings like stocks has increased significantly, which limits their perceived risk diversification benefits and raises the risk of contagion across financial markets, according…
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Global Crypto Regulation Should be Comprehensive, Consistent, and Coordinated
Crypto assets and associated products and services have grown rapidly in recent years. Furthermore, interlinkages with the regulated financial system are rising. Policymakers struggle to monitor risks from this evolving sector, in which…
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Uncertainty Grips Markets as Optimism Wanes
Amid the prolonged and painful pandemic, risks to global financial stability have remained contained—so far. But with economic optimism fading, and with financial vulnerabilities intensifying, this is a time for careful policy calibration.…
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Crypto Boom Poses New Challenges to Financial Stability
As crypto assets take hold, regulators need to step up. Crypto assets offer a new world of opportunities: Quick and easy payments. Innovative financial services. Inclusive access to previously “unbanked” parts of the…
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Why Even The Most Elite Investors Do Dumb Things When Investing
If you’re Jeff Bezos, you’re not going to have some random dude manage your money and hope for the best. You’re not gonna open up a Robinhood account and risk it all on…
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Nigeria’s Cement Industry in 2020: The Boom Amidst the Burst
Dangote cement plc reported a 23% Return on Invested Capital (ROIC), which overshot its nearest competitor (BUA) by 600bps. Lafarge came in a distant third with an ROIC of 6%. We, however, note…
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Monetary Policy at a Crossroad: Policymakers Need to Break Promise of Easy Money to Avoid Boom-Bust
The Federal Reserve's new policy approach is that policymakers want to see "actual progress, not forecast progress" before deciding to change its policy stance. Substantial actual progress is occurring in the economy, some…
