Results & Dividends

UBA Q4 2019 and Q1 2020 Results Review: Sizable Upside Potential Despite Cut to Price Target

Culled—Proshare May 29, 2020 by FBNQuest Research Tangible cuts to our 2020E EPS forecasts and price target After delivering a stellar ROAE of c.23.4% in 2019, we expect UBA’s ROAE to decline to 12.1% in 2020E. Management has not provided guidance for 2020E. However, we have cut our 2020E EPS […]

Dangote Cement Plc Q1-20: Fortune May Favour the Bold

May 29, 2020/Cordros Report DANGCEM’s Q1-20 sales were higher (+3.8% y/y), supported by higher prices, but volume declined slightly, mostly on account of the COVID-19 outbreak, which impacted the company’s Pan African operations (-2.9% y/y). Given the blend of economic challenges, stronger competitive landscape, and geometrically rising cases of the […]

PepsiCo Announces Timing and Availability of Second Quarter 2020 Financial Results

May 26, 2020/PepsiCo /PRNewswire/ — PepsiCo, Inc. (NASDAQ: PEP) today announced that it will issue its second quarter 2020 (ending June 13) financial results and other related information on Monday, July 13, 2020 by posting the following materials and links on the company’s website at www.pepsico.com/investors. Press release and 10-Q, each for the 12 and 24 […]