November 15, 2017/Cordros Research Following Q3-17 result, we raise NESTLE’s 2017F EBITDA estimate by 10% but cut net profit by 9.7%, on net, equating to growth forecasts of 51% (previously 37%) and 290% (previously 331%) respectively. While we cut sales forecasts for 2018-2019F by 0.4% average, we raise EBITDA and […]

Culled—Proshare November 13, 2017/ Vetiva Research Reported a mild profit in Q3’17 Operating expenses remain a pressure point Stable currency market sustains lower FX acquisition losses TP revised to ₦24.91 (Previous: ₦24.79) Reports Loss-After-Tax but exceeds estimates JBERGER reported a mild profit (Q3’17 PAT: ₦16 million; Q2’17: ₦72 million) for the […]

Culled—Proshare November 10, 2017/ FBNQuest Research Modest downward revisions to our estimates and price target Okomu Oil’s (Okomu) Q3 2017 results surprised negatively – sales and PBT missed our estimates by 18% and 30% respectively. As such, we have reduced our earnings estimates over the 2017-18E period by 7% on average […]