May 28, 2018/InvestmentOne Report Excise Duty to Weigh on Macroeconomic Improvement We maintain our SELL recommendation on Nigerian Breweries Plc given the 3% downside implied by our N111.8 fair value on the stock. Following the release of its Q1 2018 results, we forecast Nigerian Breweries Plc (NB) FY 2018 P/E […]
Investors Bite
Nigerian Stocks Extends Bearish Run, ASI shed 0.75% on Weakened Investors Appetite
May 28, 2018 By Abdulquddus OKELE InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian equities market on Monday closed the first trading session of the week in the red, losing 0.75 percent on sell-offs across sectors, according to InvestmentOne report. At the close of the session on the Nigerian Stock Exchange […]
Zenith Bank Plc Q1 2018 Earnings Review – Weaker Trading Income to Pressure ROE
May 28, 2018/InvestmentOne Report Core holdings status remains despite likely decline in ROE We resume our coverage of Zenith Bank following the release of its Q1 2018 results with a BUY recommendation on the stock given the 26.9% upside our new target price of N33.8 represents against current price levels. […]
