National Foods


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11 articles for National Foods

National Foods: FY 20 — Price adjustments offset volume reduction

FY 20 was characterised by numerous operational and economic challenges, hindering production and pressurising volume performance. This was further exacerbated by the Covid-19 global pandemic. We anticipate a 113% yoy increase in EBITDA to ZWL$3,66bn...
IH Securities Tatenda
Tatenda Makoni @ IH Securities 14 October 2020

Zimbabwe Covid-19 report – Accelerating existing structural fragility

Prior to the Covid-19 outbreak, Zimbabwe already had 7mn people in both rural and urban areas in urgent need of humanitarian assistance. That being said, it is likely that QE will form part of the stimulus strategy for multiple CBs globally. As marke...
IH Securities
Balamanja Made @ IH Securities 15 June 2020
Zimbabwe Covid-19 report – Accelerating existing structural fragility
Zimbabwe Covid-19 report – Accelerating existing structural fragility

National Foods: HY 20: Price adjustments offset volume reduction; upgrade to Buy

In addition to the operational and economic impediments, overall volumes for the period under review declined by 32% to 211,381 tonnes, as consumer spend continued to be weighed down by the devaluation of the local currency. Resultantly, total assets...
IH Securities Delika
Delika Rama @ IH Securities 14 April 2020

Innscor Africa Limited: HY 20: Price adjustments sustain top line

Influenced by the devaluation of the ZWL$ and liquidity constraints which spurred inflation, disposable incomes remained strained, weighing down volumes in a number of Innscor’s operating units. Owing to the combination of sustained improvement in pr...
IH Securities Delika
Delika Rama @ IH Securities 3 April 2020

What Pakistan's business leaders are thinking

Ongoing reforms are working. While business confidence remains low and the pace of reforms has attracted criticism at large, most companies believe that the ongoing reforms should put Pakistan’s economy back on track. It seems that the worst of the e...
Tellimer Research
Vahaj Ahmed @ Tellimer Research 18 November 2019

Zimbabwe equity strategy: Valuations lag in real terms

Rampant inflation and a depreciating local currency has created a dislocation between fundamentals and market dynamics on the ZSE. The current Market Cap is ZWL$30.10bn (US$1.92bn using the interbank rate, and US$1.11bn using an OMIR of 27.05 as at 3...
IH Securities Delika
Delika Rama @ IH Securities 4 November 2019


Food & Staples Retailing
National Foods Holdings Ltd. operates throughout Zimbabwe via a system of factories, depots and agencies. In Zimbabwe, the company's merchandise is marketed mainly under the brand names "Gloria", "Red Seal" and "NF" stockfeed. The company also actively seeks export markets for its products.

Associated topics

Africa Consumer Staples National Foods Zimbabwe Food & Staples Retailing Equity Takudzwa Sherekete OK Zimbabwe Consumer Discretionary Dairiboard Zimbabwe Innscor Africa Limited Sub Sahara Africa Consumer Durables & Apparel Innscor