November 6, 2017/Cordros Research In its recently released Q3-17 results, GUARANTY’s gross earnings declined by 19.85%y/y and 12.03% q/q (missed our estimate by 24.27%), with PBT (-1.06% y/y and -3.51% q/q) and PAT (-1.34% y/y and -72 bps q/q) consequently coming in lower (missed our estimates by 11.20% and 3.88% […]
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Cordros Weekly Stock Recommendation November 6, 2017
November 6, 2017/Cordros Research CADBURY NIGERIA PLC (CADBURY) – HOLD ▪ The shares of CADBURY lost by 4.17% last week to N10.11. CADBURY trades at a significant forward PE above its 5-year historical average of 24.9x. ▪ CADBURY published Q3-17 result, showing revenue growth of 9.3% y/y and PAT of […]
Nigerian Equities Market Heads North on Banking Counters in First Trading Session
November 6, 2017/InvestmentOne Research ASI as at 12.00pm: +0.14% Market movers: DIAMONDBNK (+9.43%), LEARNAFRCA (+5.00%), AIRSERVICE (-4.98%), MANSARD (-3.23%) Sector Performances: Banking (+0.47%), Consumer Goods (+0.09%), Industrial, Oil & Gas Market activity: Total value of shares traded today is down over -50% compared to this time last Friday, with investors exchanging […]
