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Imara Intiates Ivory Coast Rubber, Palm Oil Company Coverage

July 13 (Bloomberg) -- Imara Africa Securities said it initiated coverage of Ivory Coast rubber and palm oil producers.

Societe Africaine de Plantations D’Heveas SA, or SAPH, Societe des Caouchoucs de Grand-Bereby SA, or SOGB, and Palmci 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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