Imara Intiates Ivory Coast Rubber, Palm Oil Company Coverage With ‘Buys’

Imara Africa Securities said it initiated coverage of Ivory Coast rubber and palm oil producers.

Societe Africaine de Plantations D’Heveas (SPHC) SA, or SAPH, Societe des Caouchoucs de Grand-Bereby SA, or SOGB, and Palmci (PALC) SA were all rated “buy” by Batanai Matsika, a Harare-based analyst at Imara, accordng to an e-mailed note today.

Rubber production in Ivory Coast will rise 5 percent to 238,000 metric tons this year, Imara forecast.

To contact the reporter on this story: Brian Latham in Durban, South Africa at blatham@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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