Culled—Proshare November 3, 2017/FBNQuest Research 10%+ increase to our 2018-20E EPS forecasts and price target Flour Mills of Nigeria’s (FMN) Q2 2018 (end-Sep) results surprised positively, making it the fourth consecutive quarter of positive earnings surprises. In terms of topline growth, management disclosed that sales growth of 10% y/y was […]
Investors Bite
NASD USI Up by 1.31% WoW
Culled—Proshare November 3, 2017/NASD Plc The Week in Review NASD closed its trading day on Friday 3, November 2017 higher compared to last Friday. The Market Capitalisation closed the week 1.31% higher at ₦414.81 billion against ₦409.46 billion previously. The NASD USI increased by 1.31% this week, closing at 612.96 points, as against 605.06 points last Friday. Trade Summary NASD OTC Securities Exchange […]
FBNH Plc: Earnings to Outperform in FY-2017, Analyst Revise TP to N7.38 (Previous: N6.41)
Culled—Proshare November 3, 2017/Cordros Capital Research First Bank of Nigeria Holdings Plc (”FBNH”) recently released their unaudited Q3-17 results, wherein gross earnings grew marginally by 1.85% q/q and 0.40% y/y (1.77% above our estimate), while PBT and PAT rose 28.01% q/q (71.19% y/y) and 24.44% q/q (145.47% y/y), respectively. The […]
