Culled—Proshare May 3, 2017/FBNQuest Research Raising our 2017E ROAE forecast to 18% after strong Q1 Following Zenith Bank’s better-than-expected Q1 2017 results, we expect market sentiment to improve towards the stock – despite still no official earnings guidance for 2017 from management. The results were quite strong, leading us to […]
Results & Dividends
Zenith Bank Plc Q1 2017 – EPS Beats Consensus’ as Higher Yields Drove Interest Income Northwards
Culled—Proshare May 3, 2017/Cordros Capital Zenith Bank Plc (ZENITHBANK) published Q1-2017 result last week, reporting double-digit growth across most line items – gross earnings surged 48.58% y/y and 15.74% q/q, supported by impressive growth in interest income (+40.29% y/y and 19.43% q/q) and non-interest income (94.28% y/y and 3.07% q/q). […]
Okomu Oil Palm Company Plc – Earnings on a path to another historic year
May 3, 2017/Vetiva Research · Oil palm business revenue up 73% on strong CPO prices · Rubber revenue doubles on weaker naira, strong international prices · Q1’17 PAT up 92% y/y, significantly ahead of estimate · Strong CPO prices to keep earnings robust · Target Price revised to ₦68.69 (Previous: […]
