Culled—Proshare October 5, 2020 by FBNQuest Research Rolling over to 2021E; 17% increase to our price target UBA‘s Q2 2020 PAT came in well ahead of our forecast. However, the beat was due to a positive surprise in other comprehensive income (OCI). Above the tax line, PBT missed our forecast because […]

September 22, 2020/Cowry Asset Report Zenith Bank Plc’s financial result in H1 2020 was positive despite the COVID-19 pandemic challenges, ridiculously low interest rate environment and the slump in economic activities. Its positive performance was chiefly boosted by trading gains, low interest expense and decline in tax provision. Click here […]

Culled—-Proshare September 15, 2020 By FBNQuest Research 9% increase to our price target post rollover to 2021E Access Bank (Access) management reaffirmed its 2020E ROE guidance of 20-25%. Although its H1 2019 PAT – including other comprehensive income (OCI) – of N80.3bn implies an annualised ROAE of 25.4%, we believe […]