Transcorp Hotels Plc is the hospitality subsidiary of Transnational Corporation Plc (Transcorp Group) and is one of the most prominent listed hospitality companies on the Nigerian Exchange.
Its core business is hospitality, covering luxury accommodation, food and beverages, conferences/events, leisure and related services. The company describes its principal activities as providing luxury accommodation, fine dining, meeting and conference facilities, and leisure amenities. In 2025, it commissioned the 5,000-capacity Transcorp Centre, significantly strengthening its ability to capture large conferences, corporate events and social functions.
Current price: N241.9
Rating: Buy
Price projection: N280 and N320
Technical Analysis
In this report, we shall use the following tools and analysis methods:
Elliott’s wave theory to understand the overall market sentiment
Fibonacci tools to determine support and resistance levels
The Relative Strength Index and volume to evaluate the market’s strength
The Money Flow Index to determine the market liquidity
Moving average and MACD to understand the nature of the trend
Top-down analysis to know the best investment position
Elliott wave analysis
Weekly chart: Market overview
On the weekly chart, Transcorps pulled back to commence its corrective phase. Currently, the stock is within wave (4) in Wave III of the grand cycle. Thus, the stock potential for an upward rally after a brief correction.
Transcorp liquidity remains strong, reflecting sustained investor investment. Also, momentum remained strong. However, volume remained low, suggesting that Transcorp season for attractive market participation hasn’t arrived.
Daily chart: Investment opportunity
Although the stock isn’t experiencing new market participation due to low weekly volume, the daily chart shows consisitent bullish volume. This performance signals that investors are buying into value. Thus, new market participants should watch N185 and N200 as potential strong support levels with prices projecting at N280 and N320.
SWOT Analysis
