March 15, 2021/Proshare by FBNQuest Group Flattish expected volumes in ’21f trigger 14.9% price target reduction We have cut our price target on Neste Nigeria (Nestle) to NGN1,570.6/share, down by around -15% and also downgraded our recommendation to Neutral. For 2021f, we anticipate a sustained tightened operating environment for Nestle. […]
Results & Dividends
Nestle Nigeria Plc FY-2020: Subdued outlook on weak market growth and cost pressures
March 12, 2021/United Capital Report Subdued outlook on weak market growth and cost pressures Last week, Nestle Nigeria Plc (NESTLE) submitted its financial result for FY-2020. According to the report, Revenue grew marginally by 1.1% y/y to N287.1bn in FY-2020 from N284.0bn in FY-2019. However, the company faced some cost […]
UBA Plc Q4 2020: Impressive Performance as NII and Non-interest Income Support Earnings
March 12, 2021/InvestmentOne Report · Net interest income of N74.50billion, up 9.94%q/q , 42.17%y/y · Non-interest income of N78.26billion, up 37.29%q/q, 3.84%y/y. · Profit before tax of N78.58billion, up 24.41%q/q, 17.08% y/y. · Profit after tax of N71.25billion, up 28.40%q/q, 22.59%y/y. . Higher Non-interest Income Drives Earnings Recently, […]
