We initiate coverage of TRANSCORP Power PLC (TPP) with a BUY recommendation and a target price of ₦288.36. Our valuation utilizes the Discounted Cash Flow (DCF) methodology and reflects our belief in TPP’s immense growth potential… TPP has demonstrated a consistent track record of impressive financial performance, exhibiting both revenue growth and profitability expansion over […]
Category Archives: Uncategorized
Analyst: Olumide Sole*Target price: ₦29.00Rating: HOLD FBNH released its Q4’23 results, showing a 106% y/y jump in Gross earnings to ₦532 billion (Vetiva: ₦371 billion). As with other banks, the strong growth was due to a 56% y/y rise in Interest Income to ₦281 billion (Vetiva: ₦286 billion), owing to the expansion of the bank’s loan […]