Author: Marketforces Africa

FSDH advises investors to Buy Okomu Oil shares for descent upside Okomu Oil Palm Company Plc bolstered first quarter (Q1) of 2020 earnings with significant increase in local sales. The company’s revenues jerked up more than 65% to N7 billion from N4.2 billion in the comparable period in 2019. Due to significant improvement in performance, analysts at FSDH advised its customers to buy Okomu oil stock as it present decent upside. FSDH Research hinged the recommendation on the company’s above average fundamentals across revenue, net income growth, return on equity and low financial leverage. Traded at N55.05, Okomu Oil market…

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