Culled—Proshare March 12, 2020 By Proshare Research Just like the trend of negative performance witnessed in the market during the week by the majority of stocks listed on the Nigerian bourse, the shares of Zenith Bank Plc has been on downtrend since the beginning of the week. The share which […]

Culled—Proshare March 11, 2020 FBNQuest Research Outperform rating maintained  Nestle Nigeria’s (Nestle) earnings declined -11% y/y to N8.8bn, missing our estimate by around 42%. The primary driver for this variance was a negative surprise in operating expenses which came in 23% above our estimate. Through 2019, management heavily invested in […]

Culled—Proshare March 11, 2020 FBNQuest Research 4% cut to our 2020E EPS and price target Access Bank’s (Access) Q4 2019 PBT missed our forecast by 56% due to negative surprises in non-interest income and loan loss provisions. The negative surprise in non-interest income was underpinned by a net fx loss […]