Culled—Proshare May 2, 2018/Vetiva Research Highlights of Vetiva Analyst Report PAT outperforms estimate albeit underlying earnings remain weak Company still relies on short term financing to support operations FY’18 PAT estimate revised lower to ₦2.2 billion (Previous: ₦2.8 billion) TP revised lower on reduction to estimates Strong earnings growth driven […]

Culled—Proshare May 2, 2018/FBNQuest Research Low single-digit cuts to our 2018E EPS forecast and price target Access Bank’s (Access) Q1 2018 PAT surprised negatively, primarily because of a negative result of –N5.3bn in other comprehensive income (OCI). The PAT was also down on a y/y basis and implies an annualised […]

Culled—Proshare May 2, 2018/FBNQuest Research  Modest upward revisions to estimates and price target Okomu Oil’s (Okomu) Q1 2018 earnings were broadly in line with our estimates. Consequently, we have increased our earnings forecast over the 2018-19E period by 3% on average. Despite the modest revisions to our earnings forecasts, our […]