June 2, 2021 By Evan CHARLES InvestAdvocate Lagos (INVESTADVOCATE)-Japaul Gold & Ventutres Plc on Wednesday declared a loss after tax of N1.2 billion for the period ended December 31, 2020 compared to a profit after tax of N41 billion recorded a year ago; indicating further a loss of 103 percent. […]
Results & Dividends
Presco Q4’20 and Q1’21 Results Review: Solid Outlook for FY’21 Driven by Strong Fundamentals
June 2, 2021/Proshare by FBNQuest Research Outperformed rating maintained Presco’s Q1 21 earnings beat our estimate by around 61%. Stronger-than-expected sales of N7.9bn vs. our N6.2bn forecast drove the positive surprise. Similar to Okomu, Presco’s topline was supported primarily by double-digit y/y price increases. The re-opening of global economies following […]
Zenith Bank Q1 2021 Results Review: Sizable Upside Potential Despite Cut to Price Target
June 2, 2021/Proshare by FBNQuest Research 9% reduction to our price target We keep our Outperform rating on Zenith Bank, but make a downward revision of c.-9% to our price target to NGN38.8, implying a potential upside of c.70% from current levels. In contrast, we have increased our FY ’21f […]
