November 6, 2017/InvestmentOne Research The Nigerian equities market closed marginally down today, losing -0.02%. DIAMONDBNK (+9.43%) was the market’s best performer while CHAMPION (-4.92%) topped the losers’ chart. Market breadth index closed positive as 23 stocks gained against 20 stocks that declined. JAIZBANK (-3.23%) led the market in terms of […]
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Upward Revision to 2017F Estimates; PAT and PBT to Grow y/y by 24.31% and 30.39%
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% […]
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 […]
