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 articles from IH Securities

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

Seed Company: 1H21 Earnings Update

The Group registered strong revenue growth albeit a harsh macro-economic environment characterized by hyperinflation, high interest rates, tight liquidity, and local currency depreciation. We forecast a 290% increase in Seed Co Limited’s revenue to $...
IH Securities Florence
Florence Takaendesa @ IH Securities 12 February 2021

Econet Wireless: FY21 Earnings Update

The Econet Group was plagued by a myriad of challenges in the period particularly limited access to foreign currency while highly exposed to foreign-currency denominated debt, disruptions in power supply and a hyperinflationary environment. The Group...
IH Securities Florence
Florence Takaendesa @ IH Securities 12 February 2021

Seed Co: 1H21 — High sales volumes bolster performance

The Group registered strong revenue growth albeit a harsh macro-economic environment characterised by hyperinflation, high interest rates, tight liquidity, and local currency depreciation. Consequently, 1H21 revenue surged a significant 1,115% to $75...
IH Securities Florence
Florence Takaendesa @ IH Securities 10 February 2021