Finance

BRVM: SAPH CI’s share-value rose 5.86% in 5 months, despite sound financial fundamentals

Friday, 27 May 2022 19:11
BRVM: SAPH CI’s share-value rose 5.86% in 5 months, despite sound financial fundamentals

(Ecofin Agency) - SAPH CI posted sound financial results for the first quarter of 2022. However, the result is not yet showing in its share value. An analysis posted by Socfin gives clues to what may be wrong. 

From January 2022 to date, BRVM-listed Société africaine de plantation d'hévéas (SAPH CI)’s share value has risen by 5.87% according to data gathered by Ecofin Agency.  This is significantly lower than the 271.07% increase in the company’s share value in 2021. 

There are still seven months to go before the end of the year but, the evolution in the rubber producer’s share value seems not to point at any significant up movement soon.  This year, the highest percentage increase in the share value (7.65%) was recorded during the May 13 trading day. For many media, it was a record daily rise in the past nine years. On May 24, it plunged by 7.46% printing its worst performance since the beginning of the year. Nevertheless, its recently published financial report demonstrates sound financial fundamentals.

For Q1-2022, SAPH CI posted a XOF3.7 billion (US$6.5 million) net profit, up by 143%. Its turnover rose by 8% quarter-to-quarter (to XOF50 billion) while its revenues from ordinary activities rose by 143%. In 2021, the firm recorded a XOF21.1 billion, up by 52.4% compared with the XOF8.4 billion it posted for 2020. Therefore, the current development in its share value may not be related to financial performance. 

In an analysis published at the end of Q1-2022, Luxembourg-based company Socfin indicated that between January 1 and April 30, 2022, the price of natural rubber rose by 5.7% year on year due to the global economic recovery. In mid-March, prices started dropping because of several factors. First, China, the leading rubber buyer worldwide, reduced its demand. In addition, in late April 2022, global rubber production went up by 13.6%, oversupplying the market. The analysis could explain why investors are cautious about SAPH CI and the volatility in its share value.  

Let’s note that Côte d’Ivoire is the leading rubber exporter in Africa and fourth-leading producer worldwide. Rubber is also the second source of foreign earnings in the country’s agriculture sector. 

Chamberline MOKO



 
Telecom


 
Public Management


Ecofin Agency covers the news from 9 business sectors in Africa: Public management, Finance, ICT, Agribusiness, Electricity, Mining, Oil and Gas, Comms and Laws. Ecofin Agency is also creating and management specialized medias, in paper and on the web/social networks, for institutions or African publishers.

AGENCE ECOFIN

Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

REDACTION
redaction@agenceecofin.com

Public management
Aaron AKINOCHO
Borgia KOBRI
Moutiou ADJIBI

Finance
Idriss LINGE
Walid KEFI
Chamberline MOKO

Agribusiness
Espoir OLODO

Electricity
Gwladys JOHNSON

Oil and Gas
Olivier DE SOUZA

Mining
Louis-Nino KANSOUN

ITC 
Muriel EDJO

Comms
Servan AHOUGNON

Cameroon
Brice R. MBODIAM
Sylvain ANDZONGO
Monique MAY
Julienne Rose SENDE

Togo
Fiacre E. KAKPO
Waliyullah TAJUDEEN
Séna AKODA

Niger
Sandrine GAINGNE

Gabon
Stephane BILLE
Pierre-Celestin ATANGANA

Desk
Stéphane ALIDJINOU
Souha TOURE
Vahid CODJIA
Diane ZODEHOUGAN
Hikmatu BILALI

Translation
Schadrac AKINOCHO
Mouka MEZONLIN
Firmine AÏZAN



Digital
Omar SOKHNA
Mamadou DIOP
Bacary MANE
Abdel Razak MOULIOM

Digital Marketing
Jérémie FLAUX
Geraud ACHI
Jean Christian BERNARD
Franck FOUTE

Web publishing
Bakoly RAHARISOA
Rina RAMANANDRAISOA
Hasina RAJEMISON

Development
Dominique FLAUX

 


 
REGIE COMMERCIALE
AGENCE ECOFIN
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11
Fax: +41 22 301 96 10

Benjamin FLAUX
bf@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72

Voir page 
Nos services
 

 










 



Ecofin Agency is a news agency for economic and sectorial information. It was created in 2010 and it website was launched in June 2011.

Please publish modules in offcanvas position.