Culled—Proshare 7/11/2017/@ZedcrestCapital KEY INDICATORS The Bonds Market The bond market turned bearish today, due to some sell by offshore clients on the long end of the curve (2027 – 2037 maturities). Average bond yields consequently rose by 6bps to 15.01% from 14.95% in the previous session. We expect yields to […]
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Seplat Petroleum Development Company Plc – Revision to Forecast
Culled—Proshare November 7, 2017/ARM Research Our deductions from Seplat Petroleum Development Company Plc. (Seplat’s) latest financial report as well as recent discussions with management underpins our view on the stock’s capacity to close the valuation gap vis-à-vis peers. Although in the near term, aside from pricing in higher crude oil […]
Diamond Bank Q3 2017 Results: Impact of Divestment on Underlying Earnings Limited
Culled—Proshare November 7, 2017/FBNQuest Research 2% cuts to our 2018E EPS forecast and price target Diamond Bank’s Q3 2017 results diverged markedly from our forecasts, mainly because of a negative surprise in pre-provision profits. To a lesser extent, slightly elevated opex and loan loss provisions relative to our forecasts also […]
