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NSE Bullish Momentum Enters Seventh Straight Day, as ASI YtD Return Now +41.93%

August 9, 2017/InvestmentOne Research Please click to download the Market Report for Wednesday 9th August 2017 EQUITIES: Another day of positive close for the ASI today with a gain of +0.38%  as… Read more »

International Breweries Q1 2018 Results Review – Downgrading to Underperform

Culled—-Proshare August 9, 2017/FBNQuest Research Modest changes to our earnings estimates International Breweries’ Q1 2018 (end-Jun) results were broadly in line with our estimates. It is worth mentioning that the… Read more »

Union Bank Plc H1 2017 Conference Call & Earnings Presentation – The Key Takeaways

7/8/2017/Proshare Markets Union Bank Plc held its H1’17 Investors and Analyst Conference Call Earnings Presentation. Proshare NG participated along with leading market analysts and professionals. In reviewing the operating environment,… Read more »

DANGSUGAR Plc -Target Price Upgrade on Strong H1’17 Earnings and margin Uplift

Culled—Proshare August 7, 2017/Elixir Research DANGSUGAR released its H1’17 results, showing a strong year-on-year (y/y) rebound in earnings and revenue growth. Continued cost control resulted in a sharp contraction in… Read more »

Dangote Cement Plc – Earnings Surge on Pricing, Improved Fuel Mix

Culled—-Proshare August 7, 2017/Vetiva Research ·         Strong bottom line driven by improved efficiency, strong pricing ·         Nigeria EBITDA margin soars to 66% ·         Nigeria volume to remain under pressure amidst… Read more »

Flour Mills of Nigeria Plc – Earnings Beat Despite Lingering Cost Pressures

August 3, 2017/Vetiva Research ·         Revenue prints in line with estimate – up 25% y/y ·         Gross margin weakness, elevated finance costs remain a challenge ·         Gains from FX hedge… Read more »

Nestle Nigeria – In Line to Deliver Strong Earnings Growth In 2017

Culled—Proshare August 3, 2017/FBNQuest Research Neutral rating maintained Nestle Nigeria (Nestle) posted earnings of N8.2bn compared with a loss of –N6.2bn in Q2 2016. We draw many positives from these… Read more »

Presco Reports Q2 2017 Results; Sales Up by 30.4% YoY

Culled—Proshare August 3, 2017/FBNQuest Research Event:                                   Presco reports Q2 2017 results Implications:                    Positive market reaction expected Positives:                            Q2 2017 sales up 30.4% y/y, PBT up 10.1% y/y… Read more »

MTN returns to first-half profit after turbulent 2016

August 3, 2017/Reuters MTN Group, Africa’s biggest mobile phone operator, returned to first-half profit on Thursday, marking a move away from a turbulent 2016 that highlighted the risks of the… Read more »

CCNN Plc – Strong H1 Earnings Amidst Pricing Boost

Culled—Proshare 2/8/2017/Vetiva Research ·         Topline up 31% y/y, 4% ahead of estimates ·         EBIT margin remains healthy amidst decline in operating expenses ·         Revenue to be further supported by pricing… Read more »