June 28, 2019/Cordros Report Global economy According to the Ministry of Economy, Trade and Industry, Japan’s factory output expanded the most in more than a year in May, signaling fresh resilience despite a global economic slowdown and rising trade tensions. Industrial production rose by 2.3% from the prior month, the […]
Investors Bite
NASCON Allied Industries: Overlooked “Dangote” Subsidiary
June 27, 2019/Cordros Report We initiate coverage on NASCON Allied Industries (NASCON) with a BUY rating and a one-year TP of NGN25.97, implying an upside of 73% from the last closing price. Our model suggests the company will deliver EPS growth of 8.6% CAGR over our forecast horizon. We find […]
Stocks Extend Bearish Run on Losses in Consumer, Industrial Counters
June 26, 2019/InvestmentOne Report The Nigerian equities market closed in the red today as NSE-ASI lost 0.20% to close at 29,609.00pts. Similarly, market breadth index was negative today with 19 losers against 17 gainers. COURTVILLE (+9.52%) led the gainers’ chart today while CHAMS (-10.00%) was the top loser. WEMABANK was […]
