Analyst Insights

Professional analyst recommendations and stock-specific analysis

5 Key Recommendations

Market Outlook

High

Overweight

Positive economic indicators and copper price recovery support bullish market outlook for Q1 2026.

Sector Focus

High

Mining & Energy

Copper demand and energy infrastructure investments create favorable conditions for mining and energy sectors.

Top Stock Picks

Medium-High

CECZ, SCBL, ATEL

Strong fundamentals, growing revenues, and sector tailwinds support buy recommendations.

Investment Strategy

Medium

Accumulate on Dips

Market volatility presents buying opportunities for long-term investors in quality stocks.

Risk Management

High

Diversify Across Sectors

Spread investments across mining, banking, and telecommunications to minimize sector-specific risks.

Stock-Specific Analysis

CECZ

Buy

Copperbelt Energy Corporation

Target Price

ZMW 185.00

Outlook: Positive

Key Points:

  • •Strong Q4 performance with 12% revenue growth
  • •Beneficiary of increased mining operations
  • •Stable dividend history
  • •Infrastructure modernization initiatives

ZNCO

Accumulate

ZCCM Investments Holdings

Target Price

ZMW 95.00

Outlook: Positive

Key Points:

  • •Direct exposure to copper price recovery
  • •Diversified mining portfolio
  • •Recent dividend announcement
  • •Government backing provides stability

SCBL

Buy

Standard Chartered Bank Zambia

Target Price

ZMW 220.00

Outlook: Positive

Key Points:

  • •35% growth in digital banking transactions
  • •Strong capital adequacy ratio
  • •Expanding SME lending portfolio
  • •Regional expansion opportunities

DCZM

Speculative Buy

Dot Com Zambia

Target Price

ZMW 45.00

Outlook: Neutral

Key Points:

  • •Launching new cloud services platform
  • •Growing enterprise customer base
  • •Higher risk due to competitive landscape
  • •Potential for significant upside

ATEL

Hold

Airtel Networks Zambia

Target Price

ZMW 145.00

Outlook: Positive

Key Points:

  • •5G network expansion underway
  • •Strong subscriber growth
  • •Mobile money services gaining traction
  • •Currently fairly valued

Investment Disclaimer

The information provided is for educational purposes only and should not be construed as investment advice. Past performance does not guarantee future results. Please conduct your own research or consult with a qualified financial advisor before making investment decisions.