November 29, 2021/CSL Research Dangote Cement is set for an impressive FY 2021 performance, as the company reported a 33.4% y/y growth in Net Income as of 9M 2021 to N278.5bn & EPS of N16.23, exceeding its FY 2020 performance (Net Income: N276.1bn & EPS: N16.14). The frenzy for housing […]

November 24, 2021/Proshare by FBNQuest Research EPS forecasts over 21f-23f reduced by an average of 11.4% We have lowered our EPS forecasts over the 21-23f period by 11.4% on average and our price target by 12.7% to NGN14.2 (from NGN16.3 previously) post Unilever’s disappointing results in Q3 ’21. While Q3 […]

November 24, 2021/Proshare by FBNQuest Research  5% average cut to our FY ’21-22f EPS forecasts Access Bank’s Q3 2021 PBT of NGN38bn was in line with our forecast. However, Q3 EPS missed by -8% because of a negative result of -NGN888m in other comprehensive income (OCI). On an annualised basis, […]