Culled—Proshare September 22, 2017/FBNQuest Research Maintaining Outperform rating Presco’s Q2 2017 topline growth surprised slightly, beating our forecast by 10.7%. The company continues to benefit from increased demand thanks to supportive government policy. This has also given it increased pricing power. Presco has so far this year consolidated on its […]
Results & Dividends
FCMB Plc: A forgotten star?
Culled—Proshare September 11, 2017/ARM Research Following a dramatic share price decline (-23% from the year-peak of N1.42), FCMB now looks attractively valued among our Tier 2 coverage and thus offers legroom for tactical play. The bank trades at a P/B of 0.1x compared to peer average of 0.8x and its […]
PZ Cussons Nigeria Plc FY 2017 – Impressive End to FY’17, EPS Up 73% YoY
Culled—Proshare September 8, 2017/Vetiva Research · FY’17 revenue beats estimates, up 15% y/y · Strong margin improvement cushions huge FX loss · FY’17 PAT up 73% y/y to ₦3.7 billion, above Consensus ₦2.8 billion Better than expected Q4 drives revenue beat PZ released FY’17 results (year ended 31 May) posting […]
