August 21, 2023/Cordros Report Kindly click on the links to access our updated views on NASCON (HOLD, TP: NGN37.46/s) DANGSUGAR (HOLD, TP: NGN38.26/s), NESTLE (HOLD, TP: NGN1,308.19/s), UNILEVER (HOLD, TP: NGN17.37/s), GUINNESS (HOLD, TP: NGN72.08), and INTBREW (HOLD, TP: NGN4.48/s).  We maintain our positive outlook for NASCON for 2023E and raise our TP to NGN37.46/s (previously: NGN25.24/s) but downgrade the stock […]

August 18, 2023/United Capital Kindly see below company dividend declarations as at Friday, 18-August-2023.  S/N Company Bonus Dividend/Share Type Period Qualification Dates Dividend Yield Closure of Register Payment Date 1 ABC Transport Plc – ₦0.02 Final Dividend 31-Dec-22 26-May-23 3.1% 29 to 31-May To be advised 2 Access Holdings Plc […]

August 18, 2023/CSL Research MTN Nigeria’s H1 2023 numbers were buoyed largely by double-digit growth in voice (12.1% y/y to N562.6bn) and data revenue (+34.9% y/y to N470bn), amidst inflationary growth in Operating Expenses (+18.8% y/y to N267.3bn). A net FX loss of N131.5bn contributed significantly to the decline witnessed […]