August 9, 2019/InvestmentOne Report Please click to download the Weekly Report for the week ending Friday 9th August 2019 Global Economy · As the trade spat between the two largest economies continues to intensify, with China devaluing its currency twice this week alone, warning signs of a possible global […]
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Dangote Sugar Refinery Plc: Outlook Reiterated Despite Negative Margin Surprise
August 9, 2019/Cordros Report Results Summary (Q2-19): DANGSUGAR’s reported EPS of NGN0.34 (-46.3% y/y) in Q2-19, taking YtD EPS to NGN0.92 (-13.8% y/y). Annualised, H1-19 EPS is 7.6% ahead of Cordros’ (NGN1.71) 2019FY estimate, but 3.0% below Bloomberg consensus’ (NGN1.90) estimates. While revenue (-1.7% y/y) dipped marginally in the review […]
MIDDAY UPDATE: Nigerian Stocks Appreciate +0.03% on Gains in Oil & Gas Sector
August 9, 2019/InvestmentOne Update ASI as at 12.00pm: +0.03%. Market movers: CONTINSURE (+9.45%), WAPIC (+8.33%), UACN (-9.57%), TRANSCORP (-2.25%). Sector Performances: Oil & Gas (+0.16%), Banking (-0.27%), Consumer Goods (-0.08%) and Industrial. Market activity: In today’s early trade, total volume and value is up by 400% and 818% respectively compared […]
