Culled—Proshare November 8, 2017/Vetiva Research · Volume growth supports 17% y/y revenue growth· Gains from FX hedge support 22% y/y rise in core operating profit · Moderating finance cost drives earnings beat · Earnings estimates revised, BUY rating maintained Strong sales growth supported by volumes FLOURMILL sustained the positive top […]
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Dangote Sugar Refinery – Q3 Profitability Primarily Driven By Higher Pricing
Culled—Proshare November 8, 2017/FBNQuest Research 2017/18E EPS estimates and price target up modestly As expected, finished year-to-date sugar price reductions have been marginal, down (-3%) to around N15,000/50kg in Q3. In Q4, we continue to believe price changes would remain modest given unit volume sales declines in each of the […]
Nigerian Equities Market Sustains Uptrend, Advances 0.34% on Gains in Large, Mid-Cap Stocks
November 8, 2017/InvestmentOne Research The equities market continues its uptrend as it closed positive today, advancing by +0.34%. INTBREW (+10.24%) was the market’s best performer while UAC-PROP (-4.71%) topped the losers’ chart. However, market breadth index closed somewhat flat as 18 stocks gained against 19 stocks that declined. DIAMONDBANK (-0.82%) […]
