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% […]
Investors Bite
Intraday Update: Stocks Set to Rebound on Renewed Interest in Banking Counters
September 6, 2017/InvestmentOne Research ASI as at 12.00pm: +0.12% Market movers: REDSTAREX (+9.82%), DIAMONDBNK (+3.54%), PZ (-4.73%), SKYEBANK (-4.69%) Sector Performances: Banking (+1.02%), Industrial (+0.02%), Consumer (-0.61%), Oil & Gas (-0.11%) Market activity: Investors have exchanged 121m units of shares worth N2.32bn so far today, a significant increase in activity levels […]
Guinness Nigeria Grew PBT by 213.41% in 2017 FYE Despite Increase in Costs
September 6, 2017/Cowry Asset Guinness Nigeria Plc today released its financial statements for the year ended 30, June 2017; Revenue increased year-on-year (y-o-y) by 23.48% from N101.97 billion to N125.92 billion. The company also recorded a 90.17% increase in Finance Income to N2.25 billion and a 57.10% increase in “Other […]
