March 18, 2021/Proshare By FBNQuest Research 13% raise to our EPS forecast over the ’21-23f period We have raised our EPS forecasts over the ’21-23f period by 13% for Dangote Sugar Refinery (DSR) after its better-than-expected Q4 ’20 results. However, our new price target of NGN17.1 is up by only […]
Results & Dividends
Zenith Bank Shareholders Approve Dividend Payout of N94.19bn
March 17, 2021/Zenith Bank Shareholders of Zenith Bank Plc, on Tuesday at the 30th Annual General Meeting of the Bank held at the Civic Centre, Victoria Island, Lagos, unanimously approved the proposed final dividend of N2.70 per share, bringing the total dividend payment for the 2020 financial year to N3.00 […]
MTN Nigeria Q4 2020 Result Review: Shares Looking Compelling Post Sell-off
March 17, 2021/Proshare by FBNQuest Research Slight reduction to our price target due to 100bp increase to our risk-free rate MTN Nigeria’s (MTNN) Q4 ’20 results showed that the earnings recovery which started in Q3 ’20 carried on into the final quarter of the year. We note the significant improvement […]
