Culled—Proshare April 28, 2020 by FBNQuest Research Deep cuts to TP and earnings forecasts We have cut our price target for International Breweries (IB) by -39% to N4.7 on the back of i) marked downward adjustments to earnings forecasts and ii) an increase in our equity risk premium assumption by […]
Results & Dividends
FBN Holdings Says Ready to Take on the Future, Shareholders Approves 38Kobo Dividend in 2019
April 27, 2020/FBN Holdings Plc FBN Holdings Plc, Nigeria’s leading financial services group, held its Annual General Meeting (AGM) today, Monday, 27 April, 2020 at Oriental Hotel, Lagos. At the AGM, FBN Holdings Plc reiterated its promise to place its shareholder value at the forefront of its operations, noting that as […]
Stanbic IBTC Q1 2020 Unaudited Results – Trading Gains and Provision Reversals Bolster Earnings
Culled—Proshare April 27, 2020 by CardinalStone Research Stanbic IBTC Holdings Plc (STANBIC) recorded a 7.6% YoY increase in earnings to N20.6 billion in its unaudited Q1’20 result. The growth in earnings largely reflected a 47.1% YoY improvement in trading revenue during the review period. Highlights: Net interest income weakened 8.3% […]
