Author: InvestAdvocate

Nigerian Breweries Ends H1 2020 on a Sour Note

Culled—Proshare August 10, 2020 by FBNQuest Research -14% cut to average EPS estimates over the 2020-22E period Nigerian Breweries’ (NB) Q2 results show a PBT decline of -99% y/y, marking the worst second-quarter performance since as far back as we can track. The PBT was also significantly behind our forecast […]

Okomu Oil Neutral Rating Maintained in Q2 2020

Culled—Proshare August 10, 2020 by FBNQuest Research Softer outlook for 2021E on the back of covid-related delays Okomu Oil (Okomu) published strong Q2 2020 results. Earnings were up 30% y/y to N2.0bn and were in line with our expectations. The pandemic-related lockdown had a marginal negative near-term impact on both […]