Global macro & multi-asset research firm analyzing macro data, valuation frameworks & market flows for equity, fixed income & FX insights.


APEX INVEST

I’m pleased to announce the publication of my new book, Beginner’s Guide to Investing in Stocks, published under Apex Invest.

The book is designed for new and developing investors seeking a structured understanding of the Nigerian stock market — covering business and financial statement analysis, valuation, portfolio construction, risk and the investment process.

The Digital Edition also includes a Practical Investor Toolkit with checklists and templates, plus 2 practical video lessons covering Stock Screening & Research Shortlisting and Basic Charting & Technical Analysis.

Regular Price: ₦12,000
Launch Offer: ₦9,500 for 7 days
Code: APEXLAUNCH

Get your copy:
selar.com/l91haz1977

1 week ago | [YT] | 2

APEX INVEST

Taiwan Semiconductor Manufacturing Company ($TSM) 2Q26 Results:

Revenue +36.0% YoY.
Net income +77.4%.
Operating income +65.4%.

The 12-point gap between operating and net income growth is where the real read begins.

Read the full research analysis here:
x.com/i/status/2078054663161512354

1 month ago | [YT] | 1

APEX INVEST

Oando Plc ($OANDO) FY2025 Audited Results:

Oando FY2025 revenue declined 22% to ₦3.18tn. Cost of sales exceeded revenue, causing the gross margin to turn negative (-0.09%) from +2.28% in FY2024.

The auditors also flagged a material uncertainty related to going concern.

Read the full research here: x.com/i/status/2076677672772489399

1 month ago | [YT] | 1

APEX INVEST

HBM Nigeria Plc ($HBMNG) Q1 2026 Results
(formerly Lafarge Africa – $WAPCO) Q1 2026:
PAT +43%.
Gross margin: 61%.

Impressive on the surface. The real story is price, not volume—which tells you something the headline doesn't.

Read the full research analysis here:
x.com/i/status/2075243869256532141

1 month ago | [YT] | 2

APEX INVEST

Netflix ($NFLX) Q1 2026 Results:

Revenue $12.25bn (+16% YoY).
Operating income $3.96bn (+18%).

Content amortization grew just 10% against 16% revenue growth, this is genuine operating leverage in the core streaming business.

The profit headline tells a different story.

Read our full research analysis here: x.com/i/status/2074871461127270667

1 month ago | [YT] | 1

APEX INVEST

Airtel Africa ($AIRTELAFRI) FY2026 Results
(NGX's most valuable stock by market capitalization)

Reported PBT +114.5% YoY.
PAT rose from $328m to $813m.

The headline is strong. Three layers underneath it sharpen the read.

Read our full research analysis here: x.com/i/status/2074586327455072542

1 month ago | [YT] | 2

APEX INVEST

Dangote Cement Plc ($DANGCEM) Q1 2026 Results:

Revenue +20.4% to ₦1.20tn.
PAT +53.5% to ₦321.1bn. Gross margin: 59.1% → 62.5%.
Operating cash flow nearly doubled to ₦591.3bn — running at 1.84× net income. That cash conversion ratio is the strongest signal in the filing.
The composition beneath the headline is where the story gets layered.

Read more here: x.com/i/status/2073528150479258100

1 month ago | [YT] | 3

APEX INVEST

NGX 30 Index Rebalancing (Effective 1 July 2026)

The Nigerian Exchange (NGX) has completed its latest semi-annual review of the NGX 30 Index.

Added: NASCON Allied Industries Plc, and Unilever Nigeria Plc.

Removed: Oando Plc, and Transnational Corporation Plc (Transcorp).

The NGX 30 is reviewed twice a year—typically in June and December—using free-float market capitalization and trading liquidity to ensure the index reflects Nigeria's largest and most liquid listed companies.

While index changes may influence short-term fund flows from passive investors, index membership alone is not a measure of a company's intrinsic value or long-term investment quality.

At APEX INVEST, our research remains focused on fundamentals, valuation, and long-term wealth creation.


Read the full research here: x.com/i/status/2072962669229801750

#NGX #NGX30 #NigerianStocks #EquityResearch #ValueInvesting

2 months ago | [YT] | 1

APEX INVEST

Micron Technology ($MU) Q3 FY2026 Results:

Revenue +346% YoY to $41.5bn.
Gross margin 38% to 85%. All four business units posting 75%+ operating margins.
The numbers are exceptional. What's driving them and what sits underneath them is the real read.

📖 Read the full research here: x.com/i/status/2072379308174160202

2 months ago | [YT] | 1

APEX INVEST

Micron Technology ($MU) FY2025 Results:

Gross margin: 39.8% in FY2025, up from 22.4% in FY2024. Revenue and operating income both swung sharply higher off the FY2023 downturn base.

Looks like a clean continuation of the recovery.

The composition of this year's numbers—not just their size—is where the real story sits.

Read it on Apex Invest x.com/i/status/2071274510964150674



#MICRON #STOCKS #ANALYSIS

2 months ago | [YT] | 2