Culled—Proshare October 17, 2017/ARM Research As market watchers say, late Friday is the best time to release bad earnings while early Monday is the perfect timing for an impressive result. With this in mind, UBA’s early release on Monday was initially greeted with optimism, with a more critical assessment of […]
Investors Bite
Intraday Update: NSEASI Heads South on Sell-Offs in Consumer Goods Counters
October 17, 2017/InvestmentOne Research ASI as at 12.00pm: -0.25% Market movers: VITAFOAM (-5.00%), OANDO (-4.79%), MANSARD (+10.00%), MAYBAKER (+1.35%) Sector Performances: Oil & Gas (-0.62%), Consumer Goods (-0.70%), Banking (+0.08%), Industrial Market activity: Market performance, compared to this time yesterday is better in terms of value but dipped in terms of […]
UBA Plc – Strong Earnings Run Rate Despite Marginal Miss
Culled—Proshare October 17, 2017/Vetiva Research Gross Earnings up 26% y/y – 7% ahead of our estimate · Strong FX trading income masks high costs, amidst improving FX liquidity · We maintain our 8% loan growth forecast, Ytd 6% · Target price revised marginally lower to N9.32 (Previous: N9.74) Strong y/y […]
