External broker reports(aggregated public sources), CardinalStone

CardinalStone

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing.

Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

External broker reports(aggregated public sources)

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing. Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

Equity Bottom-Up

<ul><li>Guinness Nigeria Plc (NGSE: GUINNESS, TP: N96.57, BUY) reversed its prior loss-making position in its unaudited 9M'24/25 results, reporting a net profit of N6.7 billion (vs a loss of N61.7 billion in 9M'23/24).</li><li>This return to profitability was largely driven by strong topline growth and a significant reduction in foreign exchange losses.</li><li>The result also marks a notable rebound from the company’s weak Q1'24/25 performance, underscoring an improving earnings trajectory.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Guinness Nigeria Plc (NGSE: GUINNESS, TP: N96.57, BUY) reversed its prior loss-making position in its unaudited 9M'24/25 results, reporting a net profit of N6.7 billion (vs a loss of N61.7 billion in 9M'23/24).This return to profitability was largely driven by strong topline growth and a significant reduction in foreign exchange losses.The result also marks a notable rebound from the company’s weak Q1'24/25 performance, underscoring an improving earnings trajectory.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Guinness Nigeria Plc  - Swing Back to Profitability in 9M’24/25