External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Equity Bottom-Up

<ul><li>Airtel Africa is undervalued and has potential for upside growth</li><li>Company has shown strong performance in revenue and EBITDA growth despite challenges</li><li>Potential IPO of mobile money business could unlock more value for shareholders</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Airtel Africa is undervalued and has potential for upside growthCompany has shown strong performance in revenue and EBITDA growth despite challengesPotential IPO of mobile money business could unlock more value for shareholdersThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Airtel Africa Plc (AAFRF) - Wednesday, May 8, 2024

External broker reports(aggregated public sources), CardinalStone

CardinalStone

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.

Thematic (Sector/Industry)

<ul><li>Last week, the local bourse extended gains for the third consecutive week, up 0.21%, while the MEP gained 0.61%, outperforming the benchmark by 40bps.</li><li>Year-to-date, the MEP has returned 32.13% vs the NGX-ASI return 31.68%, outperforming by 45bps.</li><li>The MEP's outperformance was primarily driven by gains in SEPLAT, following the purchase of 22,571 ordinary shares by Tierce Investments Ltd, a company wholly owned by Mr. Udoma Udo Udoma, the board chairman.</li></ul>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.

Last week, the local bourse extended gains for the third consecutive week, up 0.21%, while the MEP gained 0.61%, outperforming the benchmark by 40bps.Year-to-date, the MEP has returned 32.13% vs the NGX-ASI return 31.68%, outperforming by 45bps.The MEP's outperformance was primarily driven by gains in SEPLAT, following the purchase of 22,571 ordinary shares by Tierce Investments Ltd, a company wholly owned by Mr. Udoma Udo Udoma, the board chairman.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.

CardinalStone Research - Model Equity Portfolio - 30th September 2024

<ul><li>In the previous week, the local bourse extended its bullish momentum, advancing by 0.81%, while the MEP gained 1.08% - outperforming the index by 27bps.</li><li>Year-to-date, the MEP has delivered a return of 31.33%, closely matching the NGX- ASI, which has returned 31.39%.</li><li>The MEP’s performance was driven by renewed interest in GEREGU and MTNN, contributing a combined 102bps.</li></ul>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.

In the previous week, the local bourse extended its bullish momentum, advancing by 0.81%, while the MEP gained 1.08% - outperforming the index by 27bps.Year-to-date, the MEP has delivered a return of 31.33%, closely matching the NGX- ASI, which has returned 31.39%.The MEP’s performance was driven by renewed interest in GEREGU and MTNN, contributing a combined 102bps.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.

CardinalStone Research - Model Equity Portfolio - 23rd September 2024.pdf

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

<ul>
<li>JLR to produce cars in India but for the first time</li>
<li>Reliance - Airtel may tussle on the African Markets after Indian Market</li>
<li>FII may show interest to Indian Markets to reap benefits of demographic dividends</li>
</ul>


JLR to produce cars in India but for the first time
Reliance - Airtel may tussle on the African Markets after Indian Market
FII may show interest to Indian Markets to reap benefits of demographic dividends


#1 India Insights : Tata Motors-JLR Strengthens Tie Ups, Reliance-Airtel Tussle and Macro Insights

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/bharti-hexacom" target="_blank" data-smartkarma-citation="entities:40858:1" rel="noopener">Bharti Hexacom</a> is looking to raise up to US$513m in its upcoming India IPO.</li>
<li>Bharti Hexacom (BH) is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India.</li>
<li>We have looked at the company's past performance in our earlier notes. In this note, we talk about valutions.</li>
</ul>



Bharti Hexacom is looking to raise up to US$513m in its upcoming India IPO.
Bharti Hexacom (BH) is a communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North East telecommunication circles in India.
We have looked at the company's past performance in our earlier notes. In this note, we talk about valutions.


Bharti Hexacom IPO - Unexciting and at a Half-Decent Discount

United Kingdom

Airtel Africa PLC provides telecommunication services. The Company offers postpaid and prepaid plans, transfer of credit, conference call, mobile Internet, messaging, voicemail, and roaming facilities. Airtel Africa serves customers worldwide.

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Airtel Africa PLC (AAF LN)

Airtel Africa Plc (AAFRF) - Wednesday, May 8, 2024

Airtel Africa is undervalued and has potential for upside growth. Company has shown strong performance in revenue and EBITDA growth despite challenges

Value Investors Club

CardinalStone Research - Model Equity Portfolio - 30th September 2024

Last week, the local bourse extended gains for the third consecutive week, up 0.21%, while the MEP gained 0.61%, outperforming the benchmark by 40bps.

CardinalStone

CardinalStone Research - Model Equity Portfolio - 23rd September 2024.pdf

In the previous week, the local bourse extended its bullish momentum, advancing by 0.81%, while the MEP gained 1.08% - outperforming the index by...

CardinalStone

#1 India Insights : Tata Motors-JLR Strengthens Tie Ups, Reliance-Airtel Tussle and Macro Insights

Big Insights on India : JLR to begin car production in India, Reliance and Airtel may compete in African markets, and FIIs eye Indian markets for...

Sudarshan Bhandari

Bharti Hexacom IPO - Unexciting and at a Half-Decent Discount

Bharti Hexacom is looking to raise up to US$513m in its upcoming India IPO. We have looked at the past performance in our earlier note, in this...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Airtel Africa Plc (AAFRF) - Wednesday, May 8, 2024

Airtel Africa is undervalued and has potential for upside growth. Company has shown strong performance in revenue and EBITDA growth despite challenges

Value Investors Club

CardinalStone Research - Model Equity Portfolio - 30th September 2024

Last week, the local bourse extended gains for the third consecutive week, up 0.21%, while the MEP gained 0.61%, outperforming the benchmark by 40bps.

CardinalStone

CardinalStone Research - Model Equity Portfolio - 23rd September 2024.pdf

In the previous week, the local bourse extended its bullish momentum, advancing by 0.81%, while the MEP gained 1.08% - outperforming the index by...

CardinalStone

#1 India Insights : Tata Motors-JLR Strengthens Tie Ups, Reliance-Airtel Tussle and Macro Insights

​Big Insights on India : JLR to begin car production in India, Reliance and Airtel may compete in African markets, and FIIs eye Indian markets for...

Sudarshan Bhandari

Bharti Hexacom IPO - Unexciting and at a Half-Decent Discount

Bharti Hexacom is looking to raise up to US$513m in its upcoming India IPO. We have looked at the past performance in our earlier note, in this...

Sumeet Singh

Big Insights on India : JLR to begin car production in India, Reliance and Airtel may compete in African markets, and FIIs eye Indian markets for...