September 6, 2017/XLR8 Stanbic IBTC, a member of Standard Bank Group, in the second quarter of this year, facilitated a staggering $589.84 million capital inflow into the country, ranking it first among financial institutions that imported capital into Nigeria. The Nigerian Bureau of Statistics (NBS), in its Capital Importation Q2 […]
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Nigerian Equities Rebound after Five Days Straight Sell-Off on Bargain Hunting across Major Sectors
September 6, 2017/Cordros Research Daily Market Update 06-Sept-2017 After five consecutive days of sell-off, the equities market rebounded with bargain hunting across most sectors. The NSE ASI appreciated by 0.57% to 35,609.07 points. Today’s performance increased the Month-to-Date and Year-to-Date returns to 0.29% and 31.74%, respectively. The Oil & Gas […]
Stanbic IBTC Holdings Q2 2017 Results Review – Likely Easing of Cost of Risk In H2 Bodes Well
Culled—Proshare September 6, 2017/FBNQuest Research Post roll-over to 2018, keeping Neutral rating We have rolled over our price target for Stanbic IBTC (Stanbic) to 2018, increasing our target by 56% in the process to N39.2. Apart from the rollover effect, the other driver behind the marked uplift is a 17% […]
