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CardinalStone

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Nigeria Equity Bottom-Up Thematic (Sector/Industry)
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bullishMacroeconomics
04 Dec 2025 08:29Broker

GDP Q3 2025 - GDP Momentum to Gather Pace in Q4'25

The recently published GDP report by the National Bureau of Statistics (NBS) showed that economic activities slowed in the penultimate quarter of...

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04 Dec 2025 08:28Broker

GUINNESS - Resilient Earnings Recovery Supports Dividend Resumption in FY’26

In our previous update on Guinness Nigeria Plc ("GUINNESS"), we discussed the company's transition to a new calendar-year reporting structure and...

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bullishPresco
02 Dec 2025 14:48Broker

PRESCO PLC - Reinforcing Value Amid Capital Restructuring

Volume projections are expected to remain healthy, while pricing should experience a more moderate growth compared to the previous 2 years.

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02 Dec 2025 14:47Broker

CardinalStone Research - Model Equity Portfolio - 01 December 2025

Last week, the NGXASI dipped further, shedding 0.14% WoW to settle at 143,520.53 points, extending its losing streak to a fifth consecutive week.

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bullishFirst HoldCo
02 Dec 2025 14:38Broker

FIRST HOLDCO PLC - Positive Re-Rating Backed by Real Earnings Strength

This revision was prompted by the notably strength in FIRSTHOLDCO’s NIM, maintaining its upward trajectory (+1.3 ppts YtD to 11.3% in 9M’25).

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