In Your Interest
October 24, 2017/InvestmentOne Research The Nigerian equities market advanced +0.33% today. Market breadth index closed positive today reversing the previous downtrends as 24 stocks gained against 15 stocks that declined. The best performing stock was NASCON (+10.23%) while CILEASING (-5.00%) was the top loser. UBA (+1.11%) topped the […]
Culled—-Proshare October 24, 2017/ARM Research Over the last 10 months, Dangote Cement Plc. (DANGCEM) has steadily raised prices to support revenue at the expense of marked volume weakness with analysts, almost unanimously, making the call for substantial price pass-through to earnings in the current year. For us, this call has […]
October 24, 2017/Cordros Research In its recently released Q3-17 results, UBA recorded decline in gross earnings (8.46% q/q), driven largely by 38.60% q/q decline in NIR (+26.55% y/y), which muted the growth in interest income (6.33% q/q and 10.01% y/y). However, over 9M-17, gross earnings grew by 25.75% (against our […]