Culled—Proshare August 17, 2017/FBNQuest Research Retaining UP rating despite 28% increase to our price target  Nigerian Breweries’ (NB) Q2 2017 results showed marked y/y growth across key headline items. The results were mainly boosted by higher pricing relative to the prior year. On its Q2 2017 conference call, the management […]

Culled—Proshare August 16, 2017/FBNQuest Research Modest upward revisions to our estimates and price target  Okomu Oil’s (Okomu) Q2 2017 results came in stronger than we expected mainly because of a positive surprise on the gross margin line. Consequently, we have increased our earnings estimate over the 2017-18E period by 10% […]

Culled—Proshare August 16, 2017/ARM Research Yesterday, Guaranty Trust Bank Plc. (GTB) released audited H1 2017 results, wherein earnings came in stronger at N83.7billion (YoY: 17% YoY) with EPS of N2.84. In addition, the bank raised interim dividend payout to 30kobo relative to trend pay-out of 25kobo which translates to a […]