Dangote Petroleum Refinery & Petrochemicals | Valuation Update
HOLD to BUY on the back of 3Q26 outperformance Valuation Update Dear Valued Investor, Based on the Dangote Petroleum Refinery & Petrochemicals 3Q2026 preliminary headline numbers, we have reviewed our model based on the earnings outperformance and, consequently, our valuation and recommendation. As highlighted in our Initiation of Coverage Report our base-case estimates left…