November 15, 2017/Cordros Research Following Q3-17 result, we raise NESTLE’s 2017F EBITDA estimate by 10% but cut net profit by 9.7%, on net, equating to growth forecasts of 51% (previously 37%) and 290% (previously 331%) respectively. While we cut sales forecasts for 2018-2019F by 0.4% average, we raise EBITDA and […]
Investors Bite
Nigerian Equities Market Extends Loss, ASI Contracts 0.91%
November 15, 2017/Cordros Report EQUITIES The equities market extended yesterday’s loss, with the ASI contracting further by 0.91% to 36,617.45 points, as investors took profit in most sectors, save for the Banking and Oil & Gas. Accordingly, the Month-to-Date return tuned negative (0.17%), while the Year-to-Date return moderated to 36.25%. […]
Intraday Update: NSEASI Down 0.94% on Sell-Offs in Bellwether Stocks across Sectors
November 15, 2017/InvestmentOne Research ASI as at 12.00pm: -0.94% Market movers: UNILEVER (-5.00%), NASCON (-5.00%), AGLEVENT (+8.47%), FIRSTALUM (+4.00%) Sector Performances: Consumer Goods (-0.61%), Insurance (-0.24%), Banking (+0.80%), Industrial (+0.01%), Oil & Gas Market activity: Investors have exchanged c.45m units of shares worth N1.06bn so far today, a moderation in […]
