IH Securities
IH Securities

IH Securities

Coverage: Zimbabwe
Inter-Horizon Securities is a securities trading company facilitating trade on the Zimbabwe Stock Exchange with a well-regarded equity research team that provides timely, accurate and unbiased views.
Location: Harare

Latest from IH Securities

Zimbabwe 2022 equity strategy

Underlying output growth in Zimbabwe's primary sectors has been significant, with traditional driver agriculture giving way to mining, powered by marked recovery in PGMS and an early-stage rebound in gold from a low CY20 base. The parallel market pre...
IH Securities Tatenda
Tatenda Makoni @ IH Securities 17 February 2022
Zimbabwe 2022 equity strategy
Zimbabwe 2022 equity strategy

Zimbabwe Consumer Sector Report; Loosening The Purse Strings?

With talk of improving local macros one of the key questions has been, ‘is the Zimbabwean Consumer now in a better position?’ Salaries significantly lagged behind inflation in 2019, where y-o-y inflation reached 521% however, from 2020 there was reco...
IH Securities Tatenda
Tatenda Makoni @ IH Securities 21 September 2021

Padenga Holdings: FY20 earnings – consolidation of Dallaglio spurs revenues

Looking at the crocodile business; the global high-end leather goods market was not spared from COVID-induced depression in sales volumes for 1H20; albeit a strong recovery in sales in 2H20 driven by Asia as lockdown restrictions eased in that area. ...
IH Securities Tatenda
Tatenda Makoni @ IH Securities 22 June 2021

Zimbabwe: Covid update – riding the wave

The Medicines Control Authority of Zimbabwe has authorised the use of Sinopharm and Sinovac shots from China, Russia’s Sputnik V and India’s Covaxin. The government has set aside US$100mn for the vaccines to procure around 20mn vaccine doses in order...
IH Securities Tatenda
Tatenda Makoni @ IH Securities 26 April 2021

NMB Holdings: FY20 – Digitisation drive continues to pay off

The operating environment proved largely turbulent from a mix of the unstable exchange rate in the first half of the financial year and Covid-induced restrictions to FY20, affecting business operations. Despite these impediments, net interest income ...
IH Securities Vanessa
Vanessa Machingauta @ IH Securities 26 April 2021

Axia: 1H21 – Uptick in volumes drives top line

The operating environment eased as COVID-19 induced restrictions were relaxed and inflation declined giving rise to a relatively stable local currency. For our analysis historical financials were considered for the period under review. For the period...
IH Securities Tatenda
Tatenda Makoni @ IH Securities 31 March 2021