Culled—Proshare April 22, 2020 by CardinalStone Research Guaranty Trust Bank Plc reported a 1.7% YoY growth in EPS to N1.77 in its unaudited Q1’20 result, largely supported by a 10.4% growth in net interest income.    Highlights: Net interest income improved by 10.4% YoY, mainly supported by a 70 bps decline […]

Culled—Proshare April 21, 2020 By FBNQuest Merchant Bank FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, has declared a profit before tax (PBT) of N4.15 billion for the year ended 31st December 2019. This represents a 48% increase from the N2.8 billion recorded in […]

Culled—Proshare April 16, 2020 by FBNQuest Research Material cuts to forecast earnings Unilever Nigeria’s (Unilever) FY 2019 pretax loss of -N9.8 was far behind our PBT forecast of N295m, following a grossly disappointing Q4. We have therefore made deep cuts to our earnings forecasts. As such, our new target price […]