The rapid increase in share price as a result of the takeover offer price may see a correction, going forward. HFC fundamentals are quiet healthy and it is expected to take advantage of the international dimension that Republic Bank brings to bear on its image. With this, HFC Bank can be said to be poised for long term sustainable growth, not forgetting opportunities within Ghana.
HFC currently intends to grow most of its Universal Banking businesses to deliver value to its shareholders by being one of the top three banks in Ghana in three years. This would impact positively on its share price performance eventually. Medium and long term investors are encouraged to HOLD their shares in HFC.