13/06/2026
CHAMS is quietly becoming one of the fastest-growing tech stocks on the NGX.
Profit up 188%. Cybersecurity revenue up 240%. Insiders are buying.
Is CHAMS still undervalued, or has the market already priced in the growth?
👇 What's your target price for CHAMS?
CHAMS (Chams Holding Company Plc)
Chams Holding Company Plc is one of the strongest turnaround stories on the NGX tech sector.
What I Like About CHAMS
✅ Strong earnings growth
Q1 2026 profit surged by about 188% year-on-year to ₦429 million.
Revenue grew to ₦4.2 billion while costs fell, leading to much better margins.
✅ Growth in cybersecurity and digital infrastructure
Cybersecurity revenue jumped over 240% in Q1 2026.
The company is increasingly benefiting from Nigeria's digital transformation.
✅ Strong 2025 performance
Revenue grew nearly 18% to ₦17.48 billion.
Net profit rose almost 55%.
Growth was driven by SIM card and banking card production.
✅ Insider buying
A company insider recently bought about 2.47 million shares around ₦3.95–₦4.00. Insider purchases are usually a positive signal.
What Concerns Me
⚠️ Valuation is becoming expensive
The stock has already gained massively over the past few years.
Its P/E ratio is relatively high compared to many NGX stocks.
⚠️ Volatility
CHAMS can move sharply up or down because it attracts speculative traders.
⚠️ Small dividend
The company declared only ₦0.03 per share dividend for FY 2025. Investors are mainly buying for growth rather than income.
My View
For a long-term investor, CHAMS remains one of the more interesting technology plays on the NGX because earnings are finally catching up with the growth story.
For a new buyer, I would avoid chasing sharp rallies. Accumulating on pullbacks is safer than buying after a sudden surge.
⚠️Disclaimer: This public post is not a financial advice, get deep knowledge about the market and investment, or get a mentor or an advisor to rely on.
