Culled—Proshare May 2, 2018/FBNQuest Research Modest upward revisions to estimates and price target Okomu Oil’s (Okomu) Q1 2018 earnings were broadly in line with our estimates. Consequently, we have increased our earnings forecast over the 2018-19E period by 3% on average. Despite the modest revisions to our earnings forecasts, our […]
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CCNN Strong start to 2018; earnings estimate revised higher
May 2, 2018/Cordros Report Update: CCNN started 2018 on an impressive note, reporting EPS growth of 111% y/y to NGN0.86, which when annualized, is almost 2x market expectation. The EPS is only 9% below the company’s single-quarter best of NGN0.95 recorded in Q4-17. The impressive Q1-18 performance is broad-based, and […]
Intraday Update: Nigerian Stocks Up +0.17% on Gains in Industrial, Banking Sectors
May 2, 2018/InvestmentOne Update ASI as at 12.00pm: +0.17%. Market movers: WEMABANK (+9.52%), NPFMCRFBK (+4.49%), SKYEBANK (-4.76%), DANGFLOUR (-4.51%). Sector Performances: Industrial (+0.33%), Banking (+0.16%), Consumer Goods (-0.08%), Oil & Gas. Market activity: In today’s early trade, total volume and value declined by 39% and 16% respectively compared to this […]
