August 7, 2017/InvestmentOne Research ASI as at 12.00pm: -0.03% Market movers: NESTLE (-4.37%), UNILEVER (-0.90%), MOBIL (+4.90%), NASCON (+0.6%) Sector Performances Consumer (-0.21%), Oil & Gas (+0.20%), Industrial (+0.08%), Banking (+0.05%) Market activity: Investors have exchanged a total of c.52m units of shares worth N492m so far today, less than […]
Investors Bite
DANGSUGAR Plc -Target Price Upgrade on Strong H1’17 Earnings and margin Uplift
Culled—Proshare August 7, 2017/Elixir Research DANGSUGAR released its H1’17 results, showing a strong year-on-year (y/y) rebound in earnings and revenue growth. Continued cost control resulted in a sharp contraction in cost (including OPEX q/q) and lifted margins. We revised our target price higher to ₦15.87 (previous ₦8.49). The Board proposed […]
Weekly Market Wrap
August 7, 2017/InvestmentOne Research Trade ideas for the week We remain positive on both quality Banking and cement stocks on continued elevated interest rate regime and potential for increased government capex spending. While recent rally has seen valuation a bit stretched, we still see value on quality names highlighted in […]
