Culled—Proshare August 15, 2017/CardinalStone Research Following the release of H1’17 results, we spoke with management to understand the key drivers of its performance, and its outlook for the rest of the year. We maintain our target price (TP) of N110.17 and maintain our BUY rating on the counter. Kindly find […]
Results & Dividends
Zenith Bank Q2 2017 Results Review: Retaining Outperform After Strong Q2 Results
Culled—Proshare August 15, 2017/FBNQuest Research Maintaining Outperform rating following 37% increase to our PT Zenith Bank’s (Zenith) Q2 2017 PBT surprised positively due to strong y/y growth in non-interest income which more than offset a subdued performance in funding income and negative surprises in loan loss provisions and opex. A […]
Zenith Bank Plc H1 Results – Forward Hump Boosts Earnings
Culled—Proshare August 14, 2017/ARM Research Zenith Bank Plc. (Zenith) released audited H1 2017 result with its numbers showing a two-fold YoY increase in EPS to N2.40 largely supported by surprise FX trading income and FX revaluation gains. In addition, the bank declared an interim dividend of 25kobo— unchanged from last […]
